Understanding The Current Macroeconomic Situation with Scott Sumner
b'Scott Sumner, research associate on monetary policy at the Mercatus Center, joins Erik on this episode.
They discuss:
- What the US has done well and what it has not done well when it comes to fiscal and monetary policy.
- Why there has been a reversal of thinking on inflation between now and decades ago, and his thinking about dealing with inflation.
- Other tools that are available to influence the economy beyond interest rates.
- His thinking on modern monetary theory.
- The future of the economy with social distancing and high unemployment.
- The current debates within the Fed on monetary policy.
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