Scott Sumner

Scott Sumner: Archives

Scott Sumner

Scott Sumner blogs on EconLog after starting as Guest Blogger in 2014. His home site is The Money Illusion.


EconLog Articles by Scott Sumner

Bryan Caplan's conventional views
2015/02/27
Permanent Link | Comments (12)
Mission creep
2015/02/26
Permanent Link | Comments (14)
Power is a residual
2015/02/25
Permanent Link | Comments (19)
Should America help corrupt officials hide wealth?
2015/02/21
Permanent Link | Comments (22)
The housing bubble: Perceptions and reality
2015/02/20
Permanent Link | Comments (30)
Inconvenient truths
2015/02/18
Permanent Link | Comments (25)
Reasoning from a price change, example #341
2015/02/16
Permanent Link | Comments (18)
There's no point in arguing over definitions
2015/02/14
Permanent Link | Comments (29)
Have an opinion about string theory? How about macroeconomics?
2015/02/13
Permanent Link | Comments (40)
The Wittgenstein test
2015/02/11
Permanent Link | Comments (23)
Experiments in a Guaranteed Annual Income
2015/02/09
Permanent Link | Comments (35)
Statist policies in China
2015/02/07
Permanent Link | Comments (10)
The new jobs figures and macro theory
2015/02/06
Permanent Link | Comments (10)
What's so funny?
2015/02/03
Permanent Link | Comments (29)
A few thoughts on Greece
2015/02/02
Permanent Link | Comments (24)
The CBO's forecast, with and without "austerity"
2015/01/30
Permanent Link | Comments (23)
Questions for Keynesians (Show me the data)
2015/01/28
Permanent Link | Comments (25)
Stone Age Economics
2015/01/27
Permanent Link | Comments (13)
Monetary offset: Reply to my critics
2015/01/25
Permanent Link | Comments (12)
The Keynesian shell game
2015/01/22
Permanent Link | Comments (42)
Ralph Hawtrey
2015/01/20
Permanent Link | Comments (11)
Exchange rate pegs are usually a bad idea
2015/01/19
Permanent Link | Comments (8)
Central banking in a negative seignorage world
2015/01/18
Permanent Link | Comments (7)
Monetary Policy: The more ambitious your goals the less hard you have to work
2015/01/17
Permanent Link | Comments (14)
What's wrong with macro?
2015/01/15
Permanent Link | Comments (16)
Reasoning from multiple price changes
2015/01/14
Permanent Link | Comments (14)
The implications of zero interest rates for monetary and fiscal stimulus
2015/01/13
Permanent Link | Comments (17)
It's all in EC101
2015/01/11
Permanent Link | Comments (18)
Simon Wren-Lewis on expansionary austerity
2015/01/09
Permanent Link | Comments (10)
Sympathy for the top quintile
2015/01/08
Permanent Link | Comments (14)
Are German schoolchildren taught about the 1929-32 deflation?
2015/01/07
Permanent Link | Comments (20)
Tax dodging and currency
2015/01/07
Permanent Link | Comments (6)
Be skeptical, be very skeptical
2015/01/05
Permanent Link | Comments (20)
A penny for our thoughtless society
2015/01/02
Permanent Link | Comments (20)
I don't believe you (you're a liar)
2014/12/30
Permanent Link | Comments (14)
So how's the economy doing this year?
2014/12/27
Permanent Link | Comments (11)
The French experiment: Laffer >>>>>>> Piketty
2014/12/24
Permanent Link | Comments (25)
Choosing the right tools
2014/12/22
Permanent Link | Comments (2)
Markets describe reality; models should explain market reactions
2014/12/20
Permanent Link | Comments (16)
Central banks should do their job
2014/12/17
Permanent Link | Comments (4)
The ECB: Is it a hopeless case?
2014/12/16
Permanent Link | Comments (11)
Speaking of torture . . .
2014/12/14
Permanent Link | Comments (15)
John Cochrane on modern macro
2014/12/12
Permanent Link | Comments (14)
War on crime? Or war on the poor?
2014/12/09
Permanent Link | Comments (22)
Why debates over inflation are pointless
2014/12/07
Permanent Link | Comments (54)
What (if anything) can we learn from 1921?
2014/12/05
Permanent Link | Comments (15)
Bloggers >>>>>>>>>> Central banks
2014/12/04
Permanent Link | Comments (8)
Brad DeLong poses two questions about NGDP targeting
2014/12/02
Permanent Link | Comments (9)
The IMF hits a new low
2014/12/01
Permanent Link | Comments (8)
Falling oil prices have no implications for global growth. Oil production does
2014/11/30
Permanent Link | Comments (18)
Neo-Fisherism converges on market monetarism
2014/11/28
Permanent Link | Comments (2)
The Piketty Path to Riches
2014/11/27
Permanent Link | Comments (5)
A few thoughts on free banking
2014/11/25
Permanent Link | Comments (29)
Why America can't have small government (and China can)
2014/11/25
Permanent Link | Comments (16)
The smart against the dumb: The new Cold War
2014/11/22
Permanent Link | Comments (31)
Sticky wages and sticky fed funds rates
2014/11/18
Permanent Link | Comments (9)
No, low interest rates do not call for more public investment
2014/11/16
Permanent Link | Comments (18)
I'm not "the NGDP guy"
2014/11/15
Permanent Link | Comments (16)
The silence of the lambs
2014/11/15
Permanent Link | Comments (31)
Worse than a crime, it was a blunder: A pragmatic case for honesty
2014/11/13
Permanent Link | Comments (13)
The "War on Drugs" and crime rates
2014/11/11
Permanent Link | Comments (13)
Is George Selgin defending Keynes on liquidity traps?
2014/11/11
Permanent Link | Comments (17)
The problem of population
2014/11/09
Permanent Link | Comments (19)
An odd incident in modern liberalism
2014/11/08
Permanent Link | Comments (14)
How Europe did a "1937"
2014/11/07
Permanent Link | Comments (8)
Low interest rates do not cause low inflation, or high inflation
2014/11/05
Permanent Link | Comments (10)
The "it doesn't matter" theories
2014/11/04
Permanent Link | Comments (10)
For some strange reason Keynes and Hayek caused the Great Recession
2014/11/02
Permanent Link | Comments (14)
Supply and demand-side stagnation
2014/10/30
Permanent Link | Comments (24)
The ECB has an inflation target. How do the Germans propose they hit it?
2014/10/26
Permanent Link | Comments (20)
My naivete about government officials
2014/10/25
Permanent Link | Comments (17)
The great sin, the even greater sin, and the enlightened path
2014/10/23
Permanent Link | Comments (21)
Did the Bush tax rebates actually work?
2014/10/22
Permanent Link | Comments (7)
Nominal GDP is not real (and is really tiny)
2014/10/20
Permanent Link | Comments (23)
Housing and poverty
2014/10/17
Permanent Link | Comments (15)
It's the economy, stupid
2014/10/16
Permanent Link | Comments (17)
You know you're in trouble when even the Italians forget how to inflate
2014/10/14
Permanent Link | Comments (22)
No hawks or doves, just owls
2014/10/12
Permanent Link | Comments (15)
Economics is symmetrical
2014/10/10
Permanent Link | Comments (27)
A certain laxity in word choice
2014/10/08
Permanent Link | Comments (22)
Words and meaning (good theft and bad)
2014/10/07
Permanent Link | Comments (42)
Currency and lotteries: Is there a free lunch?
2014/10/04
Permanent Link | Comments (9)
Still no free lunch
2014/10/03
Permanent Link | Comments (9)
Flying blind
2014/09/30
Permanent Link | Comments (12)
Don't jump to conclusions (markets are smarter than you or I)
2014/09/28
Permanent Link | Comments (21)
What kind of Great Stagnation?
2014/09/27
Permanent Link | Comments (25)
Is the middle class being "squeezed?"
2014/09/26
Permanent Link | Comments (26)
Canadian success
2014/09/23
Permanent Link | Comments (15)
The Key to victory: Run against Piketty-nomics
2014/09/22
Permanent Link | Comments (14)
There is nothing tautological about market monetarism
2014/09/21
Permanent Link | Comments (17)
What's wrong with Hong Kong? (Too much government)
2014/09/20
Permanent Link | Comments (25)
Inequality in education
2014/09/19
Permanent Link | Comments (15)
Once again, tight money is the Achilles heel of the right
2014/09/16
Permanent Link | Comments (10)
Ending slavery made America richer
2014/09/13
Permanent Link | Comments (22)
The Closing of the Liberal Mind (pt. 2)
2014/09/12
Permanent Link | Comments (21)
Lorenzo on the opponents of neoliberalism
2014/09/10
Permanent Link | Comments (17)
The Wall Street Journal must think Milton Friedman was a Keynesian
2014/09/09
Permanent Link | Comments (9)
Is deflation bad?
2014/09/08
Permanent Link | Comments (8)
Never reason from a wage change
2014/09/07
Permanent Link | Comments (4)
Four things I believe
2014/09/05
Permanent Link | Comments (11)
Predicting bubbles
2014/09/01
Permanent Link | Comments (19)
Intellectual decay
2014/08/28
Permanent Link | Comments (36)
Mr. Bernanke vs. the Structuralists
2014/08/26
Permanent Link | Comments (10)
Never reason from a bond price change
2014/08/24
Permanent Link | Comments (8)
Nominal GDP targeting in developing countries
2014/08/23
Permanent Link | Comments (8)
When supply is demand
2014/08/19
Permanent Link | Comments (13)
Grade deflation, grade illusion, and academic depressions
2014/08/17
Permanent Link | Comments (12)
Never reason from a price change, even in Japan
2014/08/15
Permanent Link | Comments (18)
Tyler Cowen on ECB policy
2014/08/14
Permanent Link | Comments (13)
Jonathan Chait's bizarre idea of an honest poll
2014/08/13
Permanent Link | Comments (22)
The economy is more subtle and complex than you might assume
2014/08/11
Permanent Link | Comments (13)
The power of wishful thinking?
2014/08/10
Permanent Link | Comments (5)
When the straightforward interpretation seems crazy
2014/08/09
Permanent Link | Comments (16)
Charles Cooke's lame dismissal of left wing nerds
2014/08/06
Permanent Link | Comments (33)
Economics: Truer than it seems
2014/08/04
Permanent Link | Comments (12)
If something can't go on forever, it will
2014/08/02
Permanent Link | Comments (25)
Wolfers on the fiscal consensus
2014/07/30
Permanent Link | Comments (16)
"Helicopter drops" are a bad idea at any time
2014/07/28
Permanent Link | Comments (19)
I feel pain therefore I am (a utilitarian)
2014/07/27
Permanent Link | Comments (47)
Nick Rowe on fiscal policy (and reply to Caplan)
2014/07/24
Permanent Link | Comments (19)
Beyond left and right
2014/07/23
Permanent Link | Comments (19)
A few notes on utilitarianism
2014/07/21
Permanent Link | Comments (25)
The wisdom of Cass Sunstein
2014/07/19
Permanent Link | Comments (20)
Economics is all about consumption
2014/07/18
Permanent Link | Comments (20)
AD: Eleven stages of enlightenment
2014/07/17
Permanent Link | Comments (14)
Governments don't create problems, they solve problems
2014/07/15
Permanent Link | Comments (8)
Philip Booth on Thomas Piketty
2014/07/14
Permanent Link | Comments (2)
There are two kinds of people . . .
2014/07/10
Permanent Link | Comments (13)
Why no Kansas miracle?
2014/07/07
Permanent Link | Comments (24)
What about Asia?
2014/07/03
Permanent Link | Comments (17)
Mr. Krugman's peculiar post
2014/07/02
Permanent Link | Comments (19)
When is nominal GDP targeting optimal?
2014/06/28
Permanent Link | Comments (13)
Piketty on "merit"
2014/06/26
Permanent Link | Comments (25)
Unpersuaded
2014/06/23
Permanent Link | Comments (27)
The Fed at 100: A century of procyclical policy
2014/06/20
Permanent Link | Comments (10)
What does 1933-80 tell us about banking regulation?
2014/06/17
Permanent Link | Comments (7)
Fiscally inefficient monetary policy
2014/06/13
Permanent Link | Comments (8)
Never reason from an interest rate change
2014/06/11
Permanent Link | Comments (10)
Liberalism unbound: Free lunch and dinner--all you can eat!
2014/06/10
Permanent Link | Comments (23)
Obama is to the right of Texas on pot legalization
2014/06/07
Permanent Link | Comments (30)
The First Fundamental Law of Capitalism
2014/06/06
Permanent Link | Comments (9)
Private affluence, public squalor, high taxes
2014/06/04
Permanent Link | Comments (21)
Piketty on Kuznets
2014/06/02
Permanent Link | Comments (11)
Can we have confidence in our opinions on immigration?
2014/05/30
Permanent Link | Comments (21)
Inflation targeting: It's even worse than you thought
2014/05/28
Permanent Link | Comments (11)
The goal of monetary stimulus is to boost saving
2014/05/26
Permanent Link | Comments (35)
Basketball teams compete with each other. Basketball team companies cooperate, as they should.
2014/05/23
Permanent Link | Comments (15)
The middle class is doing fine
2014/05/21
Permanent Link | Comments (13)
Has Medicaid succeeded?
2014/05/18
Permanent Link | Comments (18)
What is monetary policy?
2014/05/16
Permanent Link | Comments (0)
Rational expectations doesn't require smart people
2014/05/14
Permanent Link | Comments (11)
Never debate the impact of a price change
2014/05/13
Permanent Link | Comments (5)
The paradoxes of applying nationalism to immigration
2014/05/11
Permanent Link | Comments (21)
When ideologies change
2014/05/07
Permanent Link | Comments (19)
The economy should be "left alone to sort things out" during a recession
2014/05/05
Permanent Link | Comments (17)
The correct reason to oppose high MTRs
2014/05/02
Permanent Link | Comments (19)
Is it OK to reason from a (aggregate) wage change?
2014/04/30
Permanent Link | Comments (4)
A pragmatic view of causation
2014/04/26
Permanent Link | Comments (20)
There's only one sensible way to measure economic inequality
2014/04/24
Permanent Link | Comments (37)
German success is surprisingly recent
2014/04/22
Permanent Link | Comments (15)
Why the EMH is truer than supply and demand
2014/04/21
Permanent Link | Comments (19)
Quantum finance
2014/04/19
Permanent Link | Comments (19)
Bad news; industrial production is soaring
2014/04/17
Permanent Link | Comments (10)
Larry Summers is persuasive
2014/04/16
Permanent Link | Comments (25)
Germany's mysterious recovery
2014/04/14
Permanent Link | Comments (13)
Inequality among doctors
2014/04/10
Permanent Link | Comments (13)
Never reason from an inflation rate change
2014/04/07
Permanent Link | Comments (20)
What we are up against
2014/04/05
Permanent Link | Comments (9)
Marshall's scissors and the Law of Reflux
2014/04/02
Permanent Link | Comments (6)
One multiplier to rule them all! (apologies to Nick Rowe)
2014/03/31
Permanent Link | Comments (5)
Fracking boom won't create many manufacturing jobs
2014/03/29
Permanent Link | Comments (10)
Central banks do not deserve our respect
2014/03/27
Permanent Link | Comments (10)
Adding a risk mandate: A 5 bumper shot in billiards?
2014/03/26
Permanent Link | Comments (9)
Endless bubbles?
2014/03/24
Permanent Link | Comments (22)
Are ZMP workers uneducated or unmotivated?
2014/03/22
Permanent Link | Comments (21)
Why we debate the unimportant issues
2014/03/20
Permanent Link | Comments (35)
The Legacy of Milton Friedman
2014/03/18
Permanent Link | Comments (22)
How the interest rate increase of 2015 caused the Great Recession
2014/03/13
Permanent Link | Comments (16)
Economics must be harder than it looks
2014/03/11
Permanent Link | Comments (23)
The old rules still apply (What the rest of the profession could learn from Ben Bernanke)
2014/03/10
Permanent Link | Comments (18)
Krugman slides deeper into old Keynesianism
2014/03/06
Permanent Link | Comments (6)
Unemployment was 9.0% in May 1975, and money was too easy
2014/03/06
Permanent Link | Comments (11)
NGDP targeting is not a "fragile" policy
2014/03/05
Permanent Link | Comments (25)
Is Abenomics working?
2014/03/03
Permanent Link | Comments (14)
The mysterious rise in youth unemployment
2014/03/01
Permanent Link | Comments (20)
Does happiness cause income?
2014/02/27
Permanent Link | Comments (18)
Williamson pulls rank on Yglesias
2014/02/26
Permanent Link | Comments (11)
Australia's auto industry collapses as America's booms
2014/02/25
Permanent Link | Comments (17)
Was Mishkin the Benjamin Strong of 2008?
2014/02/24
Permanent Link | Comments (6)
The Keynesian information bubble
2014/02/23
Permanent Link | Comments (32)
The 2008 transcripts: The real issues
2014/02/22
Permanent Link | Comments (21)
Bastiat just rolled over in his grave
2014/02/18
Permanent Link | Comments (30)
In the 1930s it seemed "obvious" that financial turmoil had caused the Great Depression
2014/02/17
Permanent Link | Comments (19)
Questions that have no answer
2014/02/15
Permanent Link | Comments (11)
Krugman and Gruber are deeply confused about "voluntary" job losses
2014/02/15
Permanent Link | Comments (12)
Never reason from a price change, example #305
2014/02/14
Permanent Link | Comments (11)
Immaculate inflation and immaculate growth
2014/02/13
Permanent Link | Comments (7)
Why do booms feel good?
2014/02/10
Permanent Link | Comments (24)
OK, now I'm really confused (the snake and the peg)
2014/02/07
Permanent Link | Comments (12)
The ECB is steering the economy (plus a survey of nautical metaphors)
2014/02/04
Permanent Link | Comments (23)
Where the Stress Falls
2014/02/02
Permanent Link | Comments (3)
Keynesian confirmation bias
2014/01/30
Permanent Link | Comments (11)
Why so glum?
2014/01/28
Permanent Link | Comments (16)
Chinese families move from nice neighborhoods to slums, for the schools.
2014/01/27
Permanent Link | Comments (15)
NGDP isn't "the economy"
2014/01/25
Permanent Link | Comments (24)
Don't expect too much from inflation
2014/01/23
Permanent Link | Comments (9)
Imagine there's no economic inequality
2014/01/20
Permanent Link | Comments (25)
Eighty years later and the results are the same
2014/01/17
Permanent Link | Comments (5)
Why are Keynesians so far-sighted?
2014/01/14
Permanent Link | Comments (17)
Do barriers create "bubbles?"
2014/01/12
Permanent Link | Comments (25)
Market monetarism in 2013
2014/01/10
Permanent Link | Comments (7)
Summers believes we can reduce bubbles with big budget deficits.
2014/01/07
Permanent Link | Comments (16)
Another disappointing reaction to The Great Market Monetarist Experiment
2014/01/04
Permanent Link | Comments (24)
Keynesianism: It's not just resting
2014/01/03
Permanent Link | Comments (43)
Don't follow the money
2014/01/01
Permanent Link | Comments (50)

Return to top