March 25, 2013

Sumner on Money, Business Cycles, and Monetary Policy

  • Russell Roberts

    Affiliated Senior Scholar
00:00
 
Contact us
To speak with a scholar or learn more on this topic, visit our contact page.

Scott Sumner of Bentley University and blogger at The Money Illusion talks with EconTalk host Russ Roberts about the basics of money, monetary policy, and the Fed. After a discussion of some of the basics of the money supply, Sumner explains why he thinks monetary policy in the United States during and since the crisis has been inadequate. Sumner stresses the importance of the Fed setting expectations and he argues for the dominance of monetary policy over fiscal policy.