A slightly off-center perspective on monetary problems.
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About
Welcome to a new blog on the endlessly perplexing problem of monetary policy. You’ll quickly notice that I am not a natural blogger, yet I feel compelled by recent events to give it a shot. Read more...
My name is Scott Sumner and I have taught economics at Bentley University for the past 27 years. I earned a BA in economics at Wisconsin and a PhD at Chicago. My research has been in the field of monetary economics, particularly the role of the gold standard in the Great Depression. I had just begun research on the relationship between cultural values and neoliberal reforms, when I got pulled back into monetary economics by the current crisis.
"Farmers are not authoritarian nationalists, and they are extremely productive. They don't drink vanilla latte's at a desk all day, take bathroom breaks every 20 minutes, demand safe spaces and..."
"https://fred.stlouisfed.org/series/CES0500000003 This chart shows total hours worked in the US economy worked in the US economy. It actually spiked during the pandemic (!) and has been rising since. This strikes..."
