Categories

Pragmatic Capitalism

Practical Views on Money, Finance & Life

Scott Sumner is…right?

« Back to Previous Page
0

Just posting this for the true nerd who is interested. Scott Sumner has a post up discussing how the Neo Fisherian debate misses the point because it’s too focused on interest rates.

http://www.themoneyillusion.com/?p=29945

I think Scott is right. That whole debate views interest rates as the Archimedean Lever in the economy. It is a view based on the Natural Rate of Interest concept which I have been so critical of. Anyhow, I think it’s interesting when I agree with Sumner because it doesn’t happen often….

Closed
Marked as spam
Cullen Roche Posted by Cullen Roche
Posted on 07/17/2015 4:50 PM
206 views
Private answer
The only reason Sumner says this is because he thinks monetary policy should be implemented entirely through NGDP Targeting. He is completely and utterly biased by his policy bias.
Marked as spam
Posted by Anonymous
Answered on 07/19/2015 6:32 PM