Tomorrow at 1pm EST, I am scheduled to do a Reddit, “ask me anything”. I don’t know much about this concept, but I guess I will find out tomorrow. The following is the information provided to potential Reddit participants:
I am Scott Sumner: monetary economist, blogger at Money Illusion, and author of The Midas Paradox, a book advancing a bold new explanation of what caused the Great Depression. AMA
I am the director of the Mercatus Center’s monetary policy program and a professor at Bentley University. I write about monetary policy, the gold standard, the Fed, and nominal GDP targeting—one of the reasons The Atlantic wrote that I was “The Blogger Who Saved the Economy.” My life’s work is captured in the new book published by the Independent Institute The Midas Paradox: Financial Markets, Government Policy, and the Great Depression, which Tyler Cowen called “one of the best on the economics of the Great Depression ever written.” In short, I explain why the current narrative of the Great Depression of the 1930s is wrong, why there are startling similarities to the crisis of the 2000s, and why we are doomed to repeat previous mistakes if we fail to understand the role of central banks and other non-monetary causes. I blog at The Money Illusion and EconLog.
I’m here to answer any questions on economic crises, my NGDP targeting work, the Fed, gold standard, and other economic questions you may have.
I hope it’s obvious I didn’t write that part about saving the economy. 🙂