Market Monetarism and The Future of Monetary Policy with Scott Sumner

Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, joins Erik on this episode to discuss:

Why Scott says that the fed should have been more expansionary during the Great Recession.

The usefulness of level targeting.

Why house prices are going to remain permanently high for the 21st century.

An explanation of market monetarism and its implications for monetary policy.

Why he is forecasting low inflation in contrast to many of his peers.

How market monetarism differs from modern monetary theory and Austrian economics.

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