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Scott Sumner

Two more examples of the nationalist's dilemma

May 18 2025

Scott Sumner

Stablecoins and monetary policy

May 16 2025

Scott Sumner

Is the cure worse than the disease?

May 14 2025

Scott Sumner

Never Reason from a Population Change

May 13 2025

Scott Sumner

Escalation dominance?

May 11 2025

Scott Sumner

The Fed needs a "Strong" leader.

May 9 2025

Scott Sumner

A new neoliberalism?

May 8 2025

Scott Sumner

Who runs trade surpluses?

May 6 2025

Scott Sumner

Spoiled by Success

May 3 2025

Scott Sumner

Game theory in Crazy Town

May 2 2025

Scott Sumner

Tariffs and the Economy

Apr 30 2025

Scott Sumner

Global Nationalism: Part 2

Apr 29 2025

Scott Sumner

When Externalities Conflict

Apr 27 2025

Scott Sumner

One Way or Another

Apr 24 2025

Scott Sumner

The Trade Debate Revisited

Apr 21 2025

Scott Sumner

Businesses are Suffering

Apr 19 2025

Scott Sumner

Trade deficits forever?

Apr 17 2025

Scott Sumner

Sleazy Boomers and Wholesome Zoomers

Apr 16 2025

Scott Sumner

Trade as a Scapegoat

Apr 13 2025

Scott Sumner

Why we cannot have nice things

Apr 11 2025

Scott Sumner

Bilateral Trade and Barter

Apr 9 2025

Scott Sumner

The Wisdom of Derek Thompson

Apr 7 2025

Scott Sumner

America's Cultural Revolution

Apr 5 2025

Scott Sumner

Remember Congress?

Apr 4 2025

Scott Sumner

The Slave to Our Passions

Apr 2 2025

Scott Sumner

Elasticity and Tax Burdens

Apr 1 2025

Scott Sumner

Laws are for the Little People

Mar 30 2025

Scott Sumner

No, VATs Are NOT Like Export Subsidies

Mar 28 2025

Scott Sumner

Largest tax increase in US history?

Mar 27 2025

Scott Sumner

The New China Shock

Mar 26 2025

Scott Sumner

Pointless Wars

Mar 25 2025

Scott Sumner

Is fiscal policy effective?

Mar 23 2025

Scott Sumner

Why Torsten Sløk was correct

Mar 20 2025

Scott Sumner

Listen to Dallas

Mar 18 2025

Scott Sumner

Corrections are Unhealthy

Mar 16 2025

Scott Sumner

China's Deflation: Made in the USA

Mar 14 2025

Scott Sumner

The NATO debate, one year later

Mar 12 2025

Scott Sumner

Two Excuses

Mar 10 2025

Scott Sumner

Economic Warfare

Mar 8 2025

Scott Sumner

Back to the farm?

Mar 6 2025

Scott Sumner

The Evolution of Sanctions

Mar 4 2025

Scott Sumner

Some Further Thoughts on Housing

Mar 3 2025

Scott Sumner

The Ultimate "Gold Card"

Mar 1 2025

Scott Sumner

What money?

Feb 27 2025

Scott Sumner

The New York Times Pivots on Immigration

Feb 26 2025

Scott Sumner

Trade sanctions on China?

Feb 24 2025

Scott Sumner

The King of New York

Feb 20 2025

Scott Sumner

Revealed preference as an analytical tool

Feb 19 2025

Scott Sumner

A VAT is Not a Tariff

Feb 18 2025

Scott Sumner

Is China waking up?

Feb 17 2025

Scott Sumner

Bitcoin Isn't Money

Feb 15 2025

Scott Sumner

Reciprocal tariff cuts?

Feb 13 2025

Scott Sumner

Should we allow bribery?

Feb 13 2025

Scott Sumner

Jason Furman on Bidenomics

Feb 11 2025

Scott Sumner

Global nationalism?

Feb 10 2025

Scott Sumner

Bad News on Inflation

Feb 7 2025

Scott Sumner

Freedom and Responsibility

Feb 5 2025

Scott Sumner

We're an Empire Now

Feb 4 2025

Scott Sumner

Does money make you happy?

Feb 1 2025

Scott Sumner

Immigration and Food Prices

Jan 29 2025

Scott Sumner

Oil Prices, Interest Rates and War

Jan 27 2025

Scott Sumner

Trickle-Down in Austin

Jan 26 2025

Scott Sumner

What does "pro-business" mean?

Jan 24 2025

Scott Sumner

Who likes pardons?

Jan 22 2025

Scott Sumner

Liberalism as a Vaccine

Jan 20 2025

Scott Sumner

Greedflation in Turkey? How about Greedspending?

Jan 18 2025

Scott Sumner

Dealing with Danes

Jan 16 2025

Scott Sumner

The Case Against Price Controls

Jan 14 2025

Scott Sumner

Short-Term Thinking

Jan 12 2025

Scott Sumner

It's all about the Fed?

Jan 10 2025

Scott Sumner

Don't Buy Greenland, Sell Alaska

Jan 9 2025

Scott Sumner

Not Your Grandfather's America

Jan 7 2025

Scott Sumner

Additional Comments on Inflation

Jan 5 2025

Scott Sumner

Revealed Preference

Jan 3 2025

Scott Sumner

What causes policy mistakes?

Jan 2 2025

Scott Sumner

The Politics of Immigration

Dec 31 2024

Scott Sumner

A Policy for All Seasons

Dec 29 2024

Scott Sumner

The Golden Age of Immigration is Now

Dec 27 2024

Scott Sumner

When Small is Beautiful

Dec 25 2024

Scott Sumner

Jason Harrison on the Politics of Taxes

Dec 23 2024

Scott Sumner

Is inflation meaningful? Is it useful?

Dec 19 2024

Scott Sumner

What went wrong in 2021?

Dec 17 2024

Scott Sumner

NGDP Guardrails: Do the Right Thing

Dec 15 2024

Scott Sumner

Subsidies and Waste

Dec 13 2024

Scott Sumner

Paul Krugman retires from the NYT

Dec 11 2024

Scott Sumner

Gell-Mann Amnesia and AI

Dec 9 2024

Scott Sumner

The Monkey's Paw and Interest Rates

Dec 8 2024

Scott Sumner

Wanna bet?

Dec 5 2024

Scott Sumner

The Roots of Debanking

Dec 3 2024

Scott Sumner

Supply and Demand for Fentanyl

Nov 30 2024

Scott Sumner

You Cannot Have Everything

Nov 27 2024

Scott Sumner

Do voters focus on prices or inflation?

Nov 25 2024

Scott Sumner

Learning the wrong lesson?

Nov 23 2024

Scott Sumner

Is California turning to the right?

Nov 20 2024

Scott Sumner

Do we understand elections?

Nov 20 2024

Scott Sumner

The Importance of Principles

Nov 17 2024

Scott Sumner

Peace for Our Time?

Nov 15 2024

Scott Sumner

The Importance of Diminishing Returns

Nov 13 2024

Scott Sumner

The "problem" of Induced Demand

Nov 11 2024

Scott Sumner

The Market Reaction to the Election

Nov 10 2024

Scott Sumner

Watch the Breakevens

Nov 7 2024

Scott Sumner

Externalities and Public Policy

Nov 5 2024

Scott Sumner

When should we defer to others?

Nov 3 2024

Scott Sumner

The Confidence-Man in the 21st Century

Nov 1 2024

Scott Sumner

Should bad outcomes always be prevented?

Oct 30 2024

Scott Sumner

The Media, Alcohol, and Illegal Drugs

Oct 28 2024

Scott Sumner

Germany, Japan, and Telangana

Oct 26 2024

Scott Sumner

Real Shocks and Recessions

Oct 24 2024

Scott Sumner

Is China a developing nation?

Oct 22 2024

Scott Sumner

Should lottery directors be licensed?

Oct 20 2024

Scott Sumner

Monetary Shocks: A Natural Experiment

Oct 18 2024

Scott Sumner

Powerful Anecdotes: Korea, Malaysia and Guyana

Oct 16 2024

Scott Sumner

The Economic Impact of Superstars

Oct 14 2024

Scott Sumner

Is divided government a good thing?

Oct 12 2024

Scott Sumner

Pin Factory, 40,000 BC

Oct 10 2024

Scott Sumner

Conor Sen on Fed Policy

Oct 8 2024

Scott Sumner

Goolsbee vs. Summers

Oct 4 2024

Scott Sumner

What ails the Anglosphere?

Oct 3 2024

Scott Sumner

Why Sanctions Often Fail to Work

Oct 1 2024

Scott Sumner

John Cochrane on Interest Rates and Exchange Rates

Sep 29 2024

Scott Sumner

When Mockery Boomerangs

Sep 27 2024

Scott Sumner

Monetary Policy Was Even Worse than We Thought

Sep 26 2024

Scott Sumner

What monetary stimulus?

Sep 24 2024

Scott Sumner

When Policy Goals Conflict

Sep 22 2024

Scott Sumner

Pessimism Bias in Polling

Sep 20 2024

Scott Sumner

Why the Experts are Wrong about Inflation

Sep 18 2024

Scott Sumner

Are we rich?

Sep 16 2024

Scott Sumner

The Cost of Regulation

Sep 15 2024

Scott Sumner

Carbon taxes vs. regulation

Sep 12 2024

Scott Sumner

Do consumers prefer price gouging?

Sep 10 2024

Scott Sumner

America's 9th Largest Export

Sep 9 2024

Scott Sumner

Don't be a Contrarian

Sep 6 2024

Scott Sumner

Are unrealized capital gains income?

Sep 4 2024

Scott Sumner

A Question for Anti-Utilitarians

Sep 2 2024

Scott Sumner

Are low wages a competitive advantage in trade?

Aug 31 2024

Scott Sumner

Mandates vs. Deregulation

Aug 30 2024

Scott Sumner

Why Housing is Important

Aug 27 2024

Scott Sumner

Do tariffs raise prices?

Aug 25 2024

Scott Sumner

Goods, Services, and Tariffs

Aug 24 2024

Scott Sumner

Heterodox Views on Monetary Policy

Aug 22 2024

Scott Sumner

Bullied into Deflation

Aug 20 2024

Scott Sumner

Should monetary policy be implemented by economists?

Aug 18 2024

Scott Sumner

Higher Taxes or Lower Spending?

Aug 16 2024

Scott Sumner

Immigration and the Business Cycle

Aug 14 2024

Scott Sumner

Further thoughts on US exceptionalism

Aug 12 2024

Scott Sumner

Making Huawei Stronger

Aug 11 2024

Scott Sumner

The Scorecard on Pot Legalization

Aug 9 2024

Scott Sumner

Tariffs are Taxes on Trade

Aug 8 2024

Scott Sumner

Should the Fed Placate the Markets?

Aug 6 2024

Scott Sumner

Why Do Interest Rates Matter?

Aug 4 2024

Scott Sumner

Our Tortoise-like Fed

Aug 2 2024

Scott Sumner

What if the Fed Doesn't Cut?

Jul 31 2024

Scott Sumner

The Case for Pigouvian Taxes

Jul 29 2024

Scott Sumner

Go Midwest, young man?

Jul 27 2024

Scott Sumner

The Immigration Pillow

Jul 25 2024

Scott Sumner

Capitalism and Freedom

Jul 23 2024

Scott Sumner

How Not to Tax the Rich

Jul 22 2024

Scott Sumner

Tom Holden on Monetary Policy

Jul 19 2024

Scott Sumner

How to Think About Supply Shocks

Jul 17 2024

Scott Sumner

China's Real Problem is Nominal

Jul 15 2024

Scott Sumner

Dreams and Nightmares

Jul 13 2024

Scott Sumner

Nepotism and Global Politics

Jul 11 2024

Scott Sumner

Elevator Blues

Jul 9 2024

Scott Sumner

Stingy Boomers?

Jul 7 2024

Scott Sumner

Negative Sum Thinking in Mission Viejo

Jul 5 2024

Scott Sumner

The "cost of living" is Highly Subjective

Jul 3 2024

Scott Sumner

Singapore, Inc.

Jul 2 2024

Scott Sumner

Modern art and political polarization

Jun 30 2024

Scott Sumner

Is Macro Making Progress?

Jun 27 2024

Scott Sumner

Focus on What We Say, Not What We Do

Jun 26 2024

Scott Sumner

The Internal Contradictions of Nationalism

Jun 23 2024

Scott Sumner

Ask a stupid question . . .

Jun 21 2024

Scott Sumner

The wisdom of Janan Ganesh

Jun 19 2024

Scott Sumner

Nominal GDP as an Indicator

Jun 17 2024

Scott Sumner

When China Innovates

Jun 15 2024

Scott Sumner

Is Art as Progressive as Science?

Jun 13 2024

Scott Sumner

Bernanke on Forward Guidance

Jun 12 2024

Scott Sumner

Where Biden Went Off Course

Jun 9 2024

Scott Sumner

Double Trouble

Jun 7 2024

Scott Sumner

Lessons from a Non-Recession

Jun 6 2024

Scott Sumner

Bad Reasoning

Jun 4 2024

Scott Sumner

Summarizing my Blogging

Jun 2 2024

Scott Sumner

Thanks for Nothing

Jun 1 2024

Scott Sumner

That’s the Style: Markets and Modernism

May 30 2024

Scott Sumner

Economic Theory and Reality

May 28 2024

Scott Sumner

Some Call it Treason

May 27 2024

Scott Sumner

Does Scottish Poverty Cause Drug Use?

May 24 2024

Scott Sumner

Fear of Financial Instability

May 22 2024

Scott Sumner

Problems with Progressivism and Populism

May 20 2024

Scott Sumner

Population and Density

May 18 2024

Scott Sumner

The Actual "Great Replacement"

May 16 2024

Scott Sumner

Let's Hope that Tariffs are Inflationary

May 14 2024

Scott Sumner

Visions of the 21st century

May 12 2024

Scott Sumner

The Ukraine War: Who should sacrifice?

May 10 2024

Scott Sumner

Fed Forecasting: AI or Markets?

May 8 2024

Scott Sumner

Was High Inflation Inevitable?

May 6 2024

Scott Sumner

Imagine There's No Zoning

May 5 2024

Scott Sumner

Where's the Best Place to Live?

May 2 2024

Scott Sumner

America, but with fewer immigrants

Apr 30 2024

Scott Sumner

How should we make housing more "affordable"?

Apr 28 2024

Scott Sumner

The Centralization of Power

Apr 26 2024

Scott Sumner

Is Nationalism Bad for Your Health?

Apr 25 2024

Scott Sumner

Externalities Should be Handled with Care

Apr 23 2024

Scott Sumner

Neoconservatism, Nationalism and Liberalism

Apr 22 2024

Scott Sumner

Socialism is a Luxury Good

Apr 21 2024

Scott Sumner

Now do Japan

Apr 18 2024

Scott Sumner

Hey teacher, call on me!

Apr 16 2024

Scott Sumner

Some Counterintuitive Thoughts on Monetary Policy

Apr 15 2024

Scott Sumner

The Anti-Chinese Roots of American Public Policy

Apr 12 2024

Scott Sumner

Should We Make Fun of JP Morgan?

Apr 10 2024

Scott Sumner

"All the new jobs are going to immigrants"

Apr 8 2024

Scott Sumner

Which Price Indices are Most Useful?

Apr 6 2024

Scott Sumner

The Road to Serfdom

Apr 4 2024

Scott Sumner

Decriminalization Doesn't Solve the Problem

Apr 2 2024

Scott Sumner

The World We've Lost

Mar 31 2024

Scott Sumner

Is the Natural Rate of Unemployment Turning Higher?

Mar 29 2024

Scott Sumner

Higher Taxes or Lower Benefits?

Mar 27 2024

Scott Sumner

Customs Unions and Free Trade Zones

Mar 25 2024

Scott Sumner

Why No Recession (so far)?

Mar 24 2024

Scott Sumner

Money Multipliers on Mars

Mar 22 2024

Scott Sumner

Does Money Buy Happiness?

Mar 20 2024

Scott Sumner

Charter Cities in Kenya

Mar 19 2024

Scott Sumner

Does Taxing Capital Encourage Capital Formation?

Mar 17 2024

Scott Sumner

You Cannot Prioritize Everything

Mar 15 2024

Scott Sumner

Powell is Wrong About Inflation

Mar 14 2024

Scott Sumner

Preserving Canada's Wilderness

Mar 12 2024

Scott Sumner

Two Definitions of Bubbles

Mar 10 2024

Scott Sumner

Expect More Banking Turmoil

Mar 8 2024

Scott Sumner

A Chat with Claude 3

Mar 6 2024

Scott Sumner

American Paranoia

Mar 4 2024

Scott Sumner

China's Two Problems

Mar 2 2024

Scott Sumner

Florida's Foreign Policy

Feb 29 2024

Scott Sumner

Does Illegal Immigration Help to Reduce Crime?

Feb 27 2024

Scott Sumner

A Charter City for Egypt?

Feb 26 2024

Scott Sumner

The Problem with Doves

Feb 24 2024

Scott Sumner

Is the Value of Gold Stable?

Feb 22 2024

Scott Sumner

Price Dispersion and Income

Feb 21 2024

Scott Sumner

Does it Matter Whether Addiction is a Disease?

Feb 19 2024

Scott Sumner

A Rare Success Story

Feb 17 2024

Scott Sumner

Toilets and AI

Feb 15 2024

Scott Sumner

Do Wages Cause Inflation?

Feb 13 2024

Scott Sumner

China's Weak Economy

Feb 11 2024

Scott Sumner

Is Arabia the New America?

Feb 10 2024

Scott Sumner

Policy Effects in the Ultra-Long Run

Feb 8 2024

Scott Sumner

The Washington State Experiment

Feb 6 2024

Scott Sumner

Resting on our Laurels?

Feb 4 2024

Scott Sumner

Beckworth Interviews Eggertsson

Feb 2 2024

Scott Sumner

Gravity and Wage Stickiness

Jan 31 2024

Scott Sumner

Is Blogging Effective?

Jan 29 2024

Scott Sumner

What About Gradualism?

Jan 27 2024

Scott Sumner

Poorly Defined Concepts in Macroeconomics

Jan 25 2024

Scott Sumner

The Weird and Depressing Debate Over AS/AD

Jan 23 2024

Scott Sumner

Just When You Thought Things Couldn't Get Any Worse

Jan 22 2024

Scott Sumner

What I've Been Reading

Jan 20 2024

Scott Sumner

Bad Business: The Role of Subsidy and Regulation

Jan 18 2024

Scott Sumner

Status Quo Bias

Jan 15 2024

Scott Sumner

Two Types of New Cities

Jan 13 2024

Scott Sumner

Does Consumption-Led Growth Exist?

Jan 11 2024

Scott Sumner

The Myth of the 1950s Utopia

Jan 9 2024

Scott Sumner

Poverty: Is it Circumstances or Decision-Making?

Jan 7 2024

Scott Sumner

The Wisdom of Giuliano da Empoli

Jan 5 2024

Scott Sumner

Newcomb's Paradox and the Banality of Success

Jan 3 2024

Scott Sumner

Money/Macro: Who is the GOAT?

Jan 1 2024

Scott Sumner

You May Not Care About War . . .

Dec 30 2023

Scott Sumner

Tyler Cowen on Recent Fed Policy

Dec 28 2023

Scott Sumner

Two Types of Forecasting Errors

Dec 26 2023

Scott Sumner

Nemo judex in causa sua

Dec 25 2023

Scott Sumner

The New McCarthyism

Dec 23 2023

Scott Sumner

The Global Distribution of AI Talent

Dec 21 2023

Scott Sumner

Delete Fiscal Policy from Macro

Dec 19 2023

Scott Sumner

Why Not Fiscal Policy?

Dec 17 2023

Scott Sumner

What Kind of Driver Are You?

Dec 15 2023

Scott Sumner

A Very Good Question

Dec 13 2023

Scott Sumner

What Should We Expect from Forward Guidance?

Dec 12 2023

Scott Sumner

Were the 1960s a "Tightening Episode"?

Dec 11 2023

Scott Sumner

Karl Smith on Monetary Policy Puzzles

Dec 9 2023

Scott Sumner

Productivity Puzzles

Dec 6 2023

Scott Sumner

How Important are "The Issues"?

Dec 5 2023

Scott Sumner

Drug War Propaganda

Dec 2 2023

Scott Sumner

Should Mexico Attack the USA?

Nov 30 2023

Scott Sumner

The Wittgenstein Test

Nov 28 2023

Scott Sumner

Harrison Bergeron in the Skies

Nov 26 2023

Scott Sumner

Would Trump Make Inflation Worse?

Nov 24 2023

Scott Sumner

Things That Didn't Cause the Great Depression

Nov 22 2023

Scott Sumner

Dollarization for Argentina?

Nov 20 2023

Scott Sumner

The Open Society and its Enemies

Nov 18 2023

Scott Sumner

Do the Banks Pay FDIC Fees?

Nov 16 2023

Scott Sumner

Libertarianism and Free Will

Nov 14 2023

Scott Sumner

Applying Arnold Kling's Three Languages of Politics

Nov 12 2023

Scott Sumner

Relative Prices in China

Nov 10 2023

Scott Sumner

The Grasshoppers are Coming for your Savings

Nov 8 2023

Scott Sumner

China's Best Province

Nov 6 2023

Scott Sumner

Reporters Don't Write Headlines

Nov 4 2023

Scott Sumner

Old Calabria: The Benefits of Emigration

Nov 2 2023

Scott Sumner

Don't Confuse Supply with Quantity Supplied

Oct 31 2023

Scott Sumner

The death of Li Keqiang

Oct 31 2023

Scott Sumner

Is Currency Forced into Circulation?

Oct 29 2023

Scott Sumner

Commenter Jeff on FAIT

Oct 27 2023

Scott Sumner

Crime and Punishment

Oct 26 2023

Scott Sumner

Demographics are Not Japan's Problem

Oct 23 2023

Scott Sumner

Markets and Zoning

Oct 22 2023

Scott Sumner

Don’t Predict Problems---Prevent Them

Oct 19 2023

Scott Sumner

Competition in the 21st Century

Oct 17 2023

Scott Sumner

Richard Clarida on What Went Wrong

Oct 16 2023

Scott Sumner

Yglesias on Industrial Policy

Oct 12 2023

Scott Sumner

The Elasticity of Supply of Homeless People

Oct 10 2023

Scott Sumner

Regulation Favors the Elites

Oct 8 2023

Scott Sumner

Never Reason from a Quantity Change

Oct 6 2023

Scott Sumner

Taiwan and Montesquieu

Oct 5 2023

Scott Sumner

Some questions for Bloomberg

Oct 3 2023

Scott Sumner

The Zero Sum Death Spiral

Oct 1 2023

Scott Sumner

What's Wrong with Macro?

Sep 29 2023

Scott Sumner

Macroeconomics at 100

Sep 28 2023

Scott Sumner

Out-of-Sample Failures

Sep 26 2023

Scott Sumner

Why so sad?

Sep 24 2023

Scott Sumner

Economics is Really Hard

Sep 22 2023

Scott Sumner

Socializing Risk

Sep 20 2023

Scott Sumner

Can supply and demand explain inflation?

Sep 18 2023

Scott Sumner

Nationalism and Corruption

Sep 16 2023

Scott Sumner

The challenge facing YIMBYs

Sep 14 2023

Scott Sumner

Emergent Tokyo

Sep 12 2023

Scott Sumner

The real problem is nominal (wages)

Sep 10 2023

Scott Sumner

Should we root for poverty?

Sep 8 2023

Scott Sumner

A comment on Jordà, Singh, and Taylor

Sep 6 2023

Scott Sumner

Now they see the problem

Sep 4 2023

Scott Sumner

The confusing China debate

Sep 3 2023

Scott Sumner

Do we incarcerate too many or too few?

Aug 31 2023

Scott Sumner

Non-obvious correlations

Aug 29 2023

Scott Sumner

Avoid trendy economics

Aug 27 2023

Scott Sumner

Everything is correlated

Aug 25 2023

Scott Sumner

Demographic anxiety

Aug 23 2023

Scott Sumner

The government doesn't feel your pain

Aug 21 2023

Scott Sumner

The Laffer curve for incarceration

Aug 20 2023

Scott Sumner

AI control and monetary policy

Aug 17 2023

Scott Sumner

Did Argentina's unemployment rate fall last night?

Aug 15 2023

Scott Sumner

Fertile ground for libertarianism?

Aug 14 2023

Scott Sumner

How do barter economies avoid inflation?

Aug 13 2023

Scott Sumner

99 lead balloons

Aug 11 2023

Scott Sumner

A tale of twin cities

Aug 9 2023

Scott Sumner

Ricardo Reis on the Phillips curve

Aug 7 2023

Scott Sumner

The actual Phillips curve

Aug 4 2023

Scott Sumner

The new left/right axis

Aug 3 2023

Scott Sumner

Rich like Asians, homeless like Latinos

Aug 1 2023

Scott Sumner

What goes around comes around

Jul 30 2023

Scott Sumner

Cochrane on nominal GDP targeting

Jul 28 2023

Scott Sumner

Leftists and trust fund kids

Jul 25 2023

Scott Sumner

Strategic ambiguity?

Jul 24 2023

Scott Sumner

Singa-Dubai

Jul 22 2023

Scott Sumner

The unintended consequences of nationalism

Jul 20 2023

Scott Sumner

Monetary policy and wages

Jul 18 2023

Scott Sumner

Would drug legalization increase overdose fatalities?

Jul 16 2023

Scott Sumner

The Fed doesn't fight inflation

Jul 14 2023

Scott Sumner

Do sanctions work?

Jul 12 2023

Scott Sumner

Density and congestion

Jul 10 2023

Scott Sumner

Is the job market "healthy"?

Jul 9 2023

Scott Sumner

The reactionary impulse

Jul 7 2023

Scott Sumner

Has higher education been fixed?

Jul 5 2023

Scott Sumner

When confused, re-evaluate your model

Jul 4 2023

Scott Sumner

A tale of two suburbs

Jul 2 2023

Scott Sumner

National agoraphobia

Jun 30 2023

Scott Sumner

Weight gain and price gain

Jun 28 2023

Scott Sumner

There is no solid ground in politics

Jun 27 2023

Scott Sumner

Scientists, Pundits, and the Origin of COVID-19

Jun 25 2023

Scott Sumner

Journalistic clichés

Jun 23 2023

Scott Sumner

Was Arthur Burns a bad Fed chair?

Jun 22 2023

Scott Sumner

Housing and Immigration

Jun 19 2023

Scott Sumner

America's Most Bipartisan Issue

Jun 19 2023

Scott Sumner

Dumb Ideas

Jun 16 2023

Scott Sumner

Leave us alone

Jun 14 2023

Scott Sumner

Financial Problems are Endogenous

Jun 13 2023

Scott Sumner

A Rising Tide Lifts Yachts and Rowboats

Jun 11 2023

Scott Sumner

The Wolf is Getting Closer

Jun 9 2023

Scott Sumner

A Target Band for Inflation?

Jun 7 2023

Scott Sumner

Robert Hetzel's History of the Fed

Jun 5 2023

Scott Sumner

Beware of Foolproof Recession Indicators

Jun 3 2023

Scott Sumner

California has Money to Burn

Jun 1 2023

Scott Sumner

The Fed Must Offset Fiscal Policy

May 30 2023

Scott Sumner

Is World War III inevitable?

May 29 2023

Scott Sumner

Friday night football

May 26 2023

Scott Sumner

Furman and Bernanke on NGDP as an indicator

May 25 2023

Scott Sumner

On the uncertainty of our judgement

May 23 2023

Scott Sumner

Cochrane on rational expectations

May 21 2023

Scott Sumner

One area where the US leads the world

May 19 2023

Scott Sumner

A single Fed mandate?

May 17 2023

Scott Sumner

An idealistic economist

May 17 2023

Scott Sumner

Getting Back on Track (A Steph Curry Fed)

May 14 2023

Scott Sumner

Correlation, causation, and big changes

May 12 2023

Scott Sumner

Scott Alexander is still (probably) wrong

May 10 2023

Scott Sumner

Noah Smith's Pessimistic Vision

May 8 2023

Scott Sumner

What current macro puzzle?

May 7 2023

Scott Sumner

Why is demand so strong?

May 5 2023

Scott Sumner

About that 2022 "Recession"

May 3 2023

Scott Sumner

Why Scott Alexander is Wrong

May 1 2023

Scott Sumner

The cost of economic nationalism

Apr 30 2023

Scott Sumner

The virtue of patience

Apr 29 2023

Scott Sumner

Coasean economics in Irvine

Apr 27 2023

Scott Sumner

Rising prices and falling output

Apr 24 2023

Scott Sumner

Leftists and liars

Apr 23 2023

Scott Sumner

Millionaires prefer . . .

Apr 20 2023

Scott Sumner

The Fed as social psychologist

Apr 18 2023

Scott Sumner

The cost of giving in to blackmail

Apr 16 2023

Scott Sumner

Taiwan, the ROC, and Super Bowl XXXII

Apr 13 2023

Scott Sumner

Greenspan on NGDP targeting

Apr 12 2023

Scott Sumner

Profit margins and inflation

Apr 10 2023

Scott Sumner

Alternative Approaches to Monetary Policy

Apr 6 2023

Scott Sumner

FDIC and small banks

Apr 4 2023

Scott Sumner

Am I a "liquidationist"?

Apr 2 2023

Scott Sumner

Josh Hendrickson on the (other) alignment problem

Mar 30 2023

Scott Sumner

The return of industrial policies

Mar 28 2023

Scott Sumner

Do banks create money?

Mar 25 2023

Scott Sumner

A tale of two banks

Mar 23 2023

Scott Sumner

The bigger bailout

Mar 22 2023

Scott Sumner

Did the Fed cause the banking crisis?

Mar 20 2023

Scott Sumner

Lyn Alden on Bank Safety

Mar 18 2023

Scott Sumner

The wrong way to think about moral hazard

Mar 15 2023

Scott Sumner

Time inconsistency in bank regulation

Mar 13 2023

Scott Sumner

Promises, promises

Mar 13 2023

Scott Sumner

"Bank management must be investigated"

Mar 11 2023

Scott Sumner

Silver linings from inflation?

Mar 9 2023

Scott Sumner

Strange rebels

Mar 7 2023

Scott Sumner

QE and low inflation are not alternatives

Mar 5 2023

Scott Sumner

Fine for parking?

Mar 2 2023

Scott Sumner

Uncomfortable truths

Feb 28 2023

Scott Sumner

The southwestern US has plenty of water

Feb 26 2023

Scott Sumner

Poverty is crowded

Feb 24 2023

Scott Sumner

Some thoughts on progress, freedom, and happiness

Feb 22 2023

Scott Sumner

The internal contradictions of progressivism

Feb 20 2023

Scott Sumner

Arms are fungible

Feb 19 2023

Scott Sumner

Do elections have consequences?

Feb 16 2023

Scott Sumner

Correlation and causation

Feb 15 2023

Scott Sumner

Dutch housing shortage (TLDR)

Feb 13 2023

Scott Sumner

Natural resources are overrated

Feb 11 2023

Scott Sumner

Nationalism is a negative sum game

Feb 9 2023

Scott Sumner

Inconvenient views

Feb 7 2023

Scott Sumner

A Chat on supply and demand

Feb 5 2023

Scott Sumner

About that employment-population ratio

Feb 3 2023

Scott Sumner

(Almost) nobody gets macro

Feb 2 2023

Scott Sumner

Fortunately, this isn't the Volcker disinflation

Jan 31 2023

Scott Sumner

What if new housing does not reduce housing prices?

Jan 30 2023

Scott Sumner

Update your priors

Jan 28 2023

Scott Sumner

Time for Some Soul Searching

Jan 26 2023

Scott Sumner

If things are going well

Jan 25 2023

Scott Sumner

Feudalism in America

Jan 23 2023

Scott Sumner

Zoning and "malinvestment"

Jan 22 2023

Scott Sumner

Should we become entangled with our adversaries?

Jan 21 2023

Scott Sumner

On reconsideration, Arthur Burns was still a bad Fed chair

Jan 18 2023

Scott Sumner

How to succeed without really trying

Jan 16 2023

Scott Sumner

My 2021 mistake

Jan 14 2023

Scott Sumner

Good news on inflation

Jan 12 2023

Scott Sumner

The Decline of Growth

Jan 11 2023

Scott Sumner

Nationalism is Bad for Your Health

Jan 9 2023

Scott Sumner

Reputation Bubbles, Crime, and the EMH

Jan 8 2023

Scott Sumner

Is Rapid Job Growth a Good Thing?

Jan 6 2023

Scott Sumner

Garett Jones on Culture and Migration

Jan 4 2023

Scott Sumner

Minor changes with major effects

Jan 2 2023

Scott Sumner

Bennett McCallum, RIP

Jan 2 2023

Scott Sumner

A rose by any other name

Dec 31 2022

Scott Sumner

The boom of 2022 and the failure of contrarianism

Dec 30 2022

Scott Sumner

America knows best

Dec 28 2022

Scott Sumner

Different varieties of inflation

Dec 27 2022

Scott Sumner

Guilty of intent to commit charity?

Dec 25 2022

Scott Sumner

Covid returns to China

Dec 23 2022

Scott Sumner

About that illegal pot

Dec 22 2022

Scott Sumner

Inflation can be brought down quickly

Dec 20 2022

Scott Sumner

In Japan, wages are also the problem

Dec 18 2022

Scott Sumner

Which conspiracy theories should you believe?

Dec 16 2022

Scott Sumner

Call it "wages"

Dec 14 2022

Scott Sumner

Can you raise a family on one income?

Dec 14 2022

Scott Sumner

Main Street and Wall Street

Dec 13 2022

Scott Sumner

Is macroeconomics in its infancy?

Dec 11 2022

Scott Sumner

Stand your ground

Dec 9 2022

Scott Sumner

Unintended consequences of sanctions

Dec 7 2022

Scott Sumner

Content moderation is difficult

Dec 6 2022

Scott Sumner

Quasi-efficient markets

Dec 4 2022

Scott Sumner

Lael Brainard on monetary policy

Dec 1 2022

Scott Sumner

Was Robin Hood a utilitarian?

Nov 29 2022

Scott Sumner

The muddled thinking of protectionists

Nov 28 2022

Scott Sumner

George Selgin on the postwar economy

Nov 26 2022

Scott Sumner

The mystery of politics

Nov 24 2022

Scott Sumner

Canada's new Conservative leader

Nov 22 2022

Scott Sumner

What do you mean by policy lags?

Nov 21 2022

Scott Sumner

Justice for Sherry Chen

Nov 19 2022

Scott Sumner

The Cato Institute on monetary reform

Nov 17 2022

Scott Sumner

Monetary reforms, demand shocks, and modern macroeconomics

Nov 15 2022

Scott Sumner

Ethan Ilzetzki on monetary policy

Nov 14 2022

Scott Sumner

Crypto regulation bleg

Nov 12 2022

Scott Sumner

The "anomalies" keep piling up

Nov 10 2022

Scott Sumner

Bureaucrats impeded by bureaucracy

Nov 9 2022

Scott Sumner

Five perspectives on Fed losses

Nov 7 2022

Scott Sumner

Why so glum (part 2)

Nov 6 2022

Scott Sumner

The doves were wrong

Nov 4 2022

Scott Sumner

Five new Manhattans

Nov 2 2022

Scott Sumner

The libertarian solution

Oct 31 2022

Scott Sumner

Lessons from the Russian gas debacle

Oct 30 2022

Scott Sumner

Persistent inflation is always and everywhere a monetary phenomenon

Oct 27 2022

Scott Sumner

The truth about Trump and Truss

Oct 25 2022

Scott Sumner

Galileo would understand

Oct 23 2022

Scott Sumner

The policy lag puzzle

Oct 21 2022

Scott Sumner

Money to burn?

Oct 19 2022

Scott Sumner

Gradualism turned out to be a mistake

Oct 17 2022

Scott Sumner

Who could have foreseen this?

Oct 15 2022

Scott Sumner

Brad DeLong's 20th century

Oct 13 2022

Scott Sumner

Governments do not stabilize markets

Oct 12 2022

Scott Sumner

Are you certain that the Fed has tightened?

Oct 10 2022

Scott Sumner

Tell the truth (lessons from Iran and Iraq)

Oct 8 2022

Scott Sumner

Better call a rules utilitarian

Oct 6 2022

Scott Sumner

Thoughts on the neoliberal wave

Oct 4 2022

Scott Sumner

People who adhere to cultural norms

Oct 2 2022

Scott Sumner

Back in the DDR

Sep 30 2022

Scott Sumner

Time to pay the piper?

Sep 28 2022

Scott Sumner

YIMBY's surprising win in California

Sep 27 2022

Scott Sumner

The (political) equilibrium interest rate

Sep 25 2022

Scott Sumner

Should we read dead economists?

Sep 23 2022

Scott Sumner

The city without zoning

Sep 21 2022

Scott Sumner

Donald Kohn on The Money Illusion

Sep 19 2022

Scott Sumner

The open society and its enemies

Sep 17 2022

Scott Sumner

Minor crimes in Alabama

Sep 15 2022

Scott Sumner

Stabilizing the economy

Sep 12 2022

Scott Sumner

Are Chinese nationalists woke?

Sep 10 2022

Scott Sumner

Solidarity

Sep 8 2022

Scott Sumner

Wokism in the developing world

Sep 6 2022

Scott Sumner

In praise of slackers?

Sep 4 2022

Scott Sumner

Recessions and corrections

Sep 2 2022

Scott Sumner

Adam Smith was right

Aug 31 2022

Scott Sumner

Neel Kashkari's schandenfreude

Aug 29 2022

Scott Sumner

Prospects for a soft landing?

Aug 28 2022

Scott Sumner

Consumption taxes

Aug 26 2022

Scott Sumner

Our hidden taxes on thrift

Aug 24 2022

Scott Sumner

What would it mean to abolish the Bank of Canada?

Aug 23 2022

Scott Sumner

How much choice do you want?

Aug 21 2022

Scott Sumner

Monetary conflation

Aug 19 2022

Scott Sumner

A tiger by the tail

Aug 17 2022

Scott Sumner

Switzerland's secret sauce

Aug 15 2022

Scott Sumner

Libertarian monetary policy bleg

Aug 14 2022

Scott Sumner

The paradox of "restrictive financial conditions"

Aug 12 2022

Scott Sumner

Hollywood and reality

Aug 11 2022

Scott Sumner

What do you see?

Aug 9 2022

Scott Sumner

IMMENSELY confusing

Aug 8 2022

Scott Sumner

Barro's dubious recession call

Aug 5 2022

Scott Sumner

Public opinion is a slippery concept

Aug 3 2022

Scott Sumner

History lessons

Aug 2 2022

Scott Sumner

Raise taxes on investment?

Jul 30 2022

Scott Sumner

Nudged into the oncoming lane

Jul 29 2022

Scott Sumner

A good press conference

Jul 28 2022

Scott Sumner

What is monetary policy?

Jul 26 2022

Scott Sumner

Is high unemployment inevitable?

Jul 25 2022

Scott Sumner

When policies are not credible

Jul 21 2022

Scott Sumner

Thanks for nothing!

Jul 19 2022

Scott Sumner

How do you know if AD is too high?

Jul 18 2022

Scott Sumner

The surveillance state

Jul 15 2022

Scott Sumner

Stagflation and boomflation

Jul 13 2022

Scott Sumner

Why do macroeconomists keep changing their model?

Jul 11 2022

Scott Sumner

Popularism and freedom

Jul 8 2022

Scott Sumner

Why macro forecasting is difficult

Jul 7 2022

Scott Sumner

It's about time

Jul 6 2022

Scott Sumner

Ideas don't stay discredited forever

Jul 4 2022

Scott Sumner

The "two negative quarters" myth

Jul 3 2022

Scott Sumner

The risk of recession

Jul 1 2022

Scott Sumner

NIMBY, YIMBY or MIMBY?

Jun 29 2022

Scott Sumner

What do you actually believe?

Jun 28 2022

Scott Sumner

Blue votes, red policy

Jun 27 2022

Scott Sumner

Krugman on the effects of a hot economy

Jun 26 2022

Scott Sumner

To succeed, one must recognize success

Jun 24 2022

Scott Sumner

Killing 4 birds with one stone

Jun 22 2022

Scott Sumner

Global warming: Are both sides wrong?

Jun 21 2022

Scott Sumner

Is there a case for higher inflation?

Jun 20 2022

Scott Sumner

Why so glum?

Jun 17 2022

Scott Sumner

What happened to good news?

Jun 16 2022

Scott Sumner

The woke are feeding on themselves

Jun 14 2022

Scott Sumner

The Fed knew

Jun 13 2022

Scott Sumner

6% of Americans are woke extremists

Jun 13 2022

Scott Sumner

Nationalism and the global economy

Jun 11 2022

Scott Sumner

Supply is more elastic than you think

Jun 10 2022

Scott Sumner

Why so many Covid deaths?

Jun 9 2022

Scott Sumner

Is Europe also overheating?

Jun 7 2022

Scott Sumner

Firemen and arsonists

Jun 5 2022

Scott Sumner

The other F-word

Jun 4 2022

Scott Sumner

Is fiscal policy fairer?

Jun 1 2022

Scott Sumner

What "obvious" reason?

May 28 2022

Scott Sumner

Who are the homeless?

May 26 2022

Scott Sumner

Is pilot error a possibility?

May 25 2022

Scott Sumner

California housing prices and homelessness

May 23 2022

Scott Sumner

Is money getting tighter?

May 22 2022

Scott Sumner

Theory and empirical evidence

May 20 2022

Scott Sumner

Is California a good place to live?

May 19 2022

Scott Sumner

Think big, but don't buy Greenland

May 16 2022

Scott Sumner

The problem with fiscal policy

May 14 2022

Scott Sumner

Inflation is worse than it looks

May 12 2022

Scott Sumner

First they came for the communists . . .

May 11 2022

Scott Sumner

America's most libertarian governor?

May 9 2022

Scott Sumner

Ending transitory inflation is easy

May 7 2022

Scott Sumner

Steer the bus AND straighten the road

May 6 2022

Scott Sumner

Mercatus Center Friedman symposium

May 4 2022

Scott Sumner

Avoid snap judgments

May 1 2022

Scott Sumner

The man who was correct

Apr 28 2022

Scott Sumner

The power to subsidize is the power to destroy

Apr 26 2022

Scott Sumner

The Fed 3.0

Apr 26 2022

Scott Sumner

Jason Furman was wrong

Apr 24 2022

Scott Sumner

Jason Furman is right

Apr 23 2022

Scott Sumner

Then and now

Apr 22 2022

Scott Sumner

NIRA redux

Apr 20 2022

Scott Sumner

The dog that didn't bark

Apr 18 2022

Scott Sumner

It's the stupidity, stupid

Apr 16 2022

Scott Sumner

Removing ego from monetary policy

Apr 14 2022

Scott Sumner

Should we have free trade in a dangerous world?

Apr 12 2022

Scott Sumner

Don't conflate nationalism with patriotism

Apr 10 2022

Scott Sumner

Nominal GDP as a policy guide

Apr 9 2022

Scott Sumner

Whom can you trust?

Apr 8 2022

Scott Sumner

Is there a carbon tax in our future?

Apr 5 2022

Scott Sumner

All that glitters . . .

Apr 3 2022

Scott Sumner

Back to gold?

Mar 31 2022

Scott Sumner

What caused the high inflation?

Mar 29 2022

Scott Sumner

Trust, but verify

Mar 27 2022

Scott Sumner

Like sending a check to Putin

Mar 25 2022

Scott Sumner

Yes, we can "whip inflation now"

Mar 23 2022

Scott Sumner

Why the Fed should hit its target

Mar 21 2022

Scott Sumner

Industrial policy and wish lists

Mar 20 2022

Scott Sumner

Should bank examiners do monetary policy?

Mar 18 2022

Scott Sumner

The Fed abandons average inflation targeting

Mar 16 2022

Scott Sumner

Artificially low rates? Yes, finally.

Mar 15 2022

Scott Sumner

No sanctions without globalization

Mar 14 2022

Scott Sumner

How confident should you be?

Mar 11 2022

Scott Sumner

Don't blame the hippies

Mar 9 2022

Scott Sumner

What Dutch disease?

Mar 7 2022

Scott Sumner

Foreign policy is hard

Mar 5 2022

Scott Sumner

Do you remember 1973?

Mar 4 2022

Scott Sumner

Heading down north, part 2

Mar 2 2022

Scott Sumner

Confusion about "overheating"

Feb 28 2022

Scott Sumner

There is no such thing as Russian public opinion

Feb 25 2022

Scott Sumner

A SWIFT and sure way to punish Russia

Feb 24 2022

Scott Sumner

The rise and fall and rise of nationalism

Feb 24 2022

Scott Sumner

Do we need labels to think?

Feb 23 2022

Scott Sumner

Is FAIT a mystery cult?

Feb 21 2022

Scott Sumner

Is money (nominally) neutral?

Feb 18 2022

Scott Sumner

The pessimists were correct about Covid

Feb 17 2022

Scott Sumner

Heading down north

Feb 15 2022

Scott Sumner

Where the Fed went wrong

Feb 13 2022

Scott Sumner

The inflation outlook is getting worse

Feb 12 2022

Scott Sumner

Straight Outta Compton

Feb 10 2022

Scott Sumner

Should the Fed be led by experts?

Feb 8 2022

Scott Sumner

NGDP targeting and libertarianism

Feb 6 2022

Scott Sumner

The Fed and climate change

Feb 4 2022

Scott Sumner

Selgin is right, but it's an endless battle

Feb 1 2022

Scott Sumner

The "old inflation playbook" still applies

Jan 29 2022

Scott Sumner

Is the US government causing the chip shortage?

Jan 27 2022

Scott Sumner

Is the Fed committed to average inflation targeting?

Jan 26 2022

Scott Sumner

Bryan Caplan on prices and shortages

Jan 25 2022

Scott Sumner

No, "the market" isn't worried about "the Fed"

Jan 24 2022

Scott Sumner

Kevin Erdmann was right

Jan 23 2022

Scott Sumner

A rose by any other name

Jan 22 2022

Scott Sumner

Was MMT influential?

Jan 20 2022

Scott Sumner

Protectionism doesn't protect jobs (in aggregate)

Jan 19 2022

Scott Sumner

Flight 447, Britney Spears, and Audi cars

Jan 17 2022

Scott Sumner

Two types of environmentalism

Jan 15 2022

Scott Sumner

Borderline cases

Jan 13 2022

Scott Sumner

The dream of a united Europe

Jan 11 2022

Scott Sumner

Why I'm a contrarian on fiscal policy

Jan 9 2022

Scott Sumner

Stop talking about "getting back to 2%"

Jan 7 2022

Scott Sumner

The actual case for wage/price controls

Jan 5 2022

Scott Sumner

The poison of nationalism

Jan 3 2022

Scott Sumner

Where are we making progress?

Jan 1 2022

Scott Sumner

Exactly who is targeting inflation at 2%?

Dec 28 2021

Scott Sumner

Three kinds of people

Dec 27 2021

Scott Sumner

What makes an issue political?

Dec 26 2021

Scott Sumner

Decentralized Tokyo

Dec 23 2021

Scott Sumner

Does immigration reduce wages?

Dec 21 2021

Scott Sumner

The dog that didn't bark

Dec 20 2021

Scott Sumner

Anne Case and Angus Deaton on health care and wage stagnation

Dec 19 2021

Scott Sumner

Contra Caplan on Covid caution

Dec 17 2021

Scott Sumner

Who is hurt most by inflation?

Dec 15 2021

Scott Sumner

Market efficiency in sports

Dec 13 2021

Scott Sumner

Yglesias on monetary policy

Dec 11 2021

Scott Sumner

It didn't begin with Covid

Dec 10 2021

Scott Sumner

Yes, monetary policy did cause the Great Depression

Dec 8 2021

Scott Sumner

Taking Tegucigalpa seriously

Dec 7 2021

Scott Sumner

Kowtowing to the CCP

Dec 5 2021

Scott Sumner

The politics of "right to die"

Dec 4 2021

Scott Sumner

A boringly conventional contrarian

Dec 1 2021

Scott Sumner

Nominal GDP >>> Aggregate Demand

Nov 29 2021

Scott Sumner

Are carbon taxes unpopular?

Nov 28 2021

Scott Sumner

Japan's "curious" lack of inflation

Nov 26 2021

Scott Sumner

What is a "low interest rate policy"?

Nov 24 2021

Scott Sumner

2021 >>>>>>>> 2009

Nov 22 2021

Scott Sumner

Iraqi WMD redux

Nov 19 2021

Scott Sumner

There is no magic wand

Nov 17 2021

Scott Sumner

What caused the inflation?

Nov 15 2021

Scott Sumner

When it's time to panic

Nov 14 2021

Scott Sumner

Freedom and tradition

Nov 12 2021

Scott Sumner

Why is inflation bad?

Nov 10 2021

Scott Sumner

Democracy and government spending

Nov 8 2021

Scott Sumner

There is no "wait and see" for Fed policy

Nov 6 2021

Scott Sumner

Baby knows best

Nov 4 2021

Scott Sumner

Inflation: Is it supply or demand?

Nov 2 2021

Scott Sumner

Monetary policy and central planning

Nov 1 2021

Scott Sumner

What should have happened in 2008-09

Oct 30 2021

Scott Sumner

The nominal recovery is now complete

Oct 28 2021

Scott Sumner

What kind of immigrants does the GOP want?

Oct 26 2021

Scott Sumner

How nationalism blinds us

Oct 24 2021

Scott Sumner

Yes, political polarization has gotten much worse

Oct 22 2021

Scott Sumner

Businesses cooperate, politicians compete

Oct 20 2021

Scott Sumner

Does Lloyd Austin understand the purpose of NATO?

Oct 18 2021

Scott Sumner

Will Texas choose to be pro-business or pro-market?

Oct 16 2021

Scott Sumner

An unsung success story

Oct 15 2021

Scott Sumner

Capitalism has a disparate impact

Oct 13 2021

Scott Sumner

Why "tax the rich" isn't working

Oct 11 2021

Scott Sumner

Further thoughts on Washington State

Oct 10 2021

Scott Sumner

When forecasts don't pan out

Oct 9 2021

Scott Sumner

Why weren't we polarized in the past?

Oct 7 2021

Scott Sumner

Some thoughts on modernism

Oct 5 2021

Scott Sumner

Exceptional Washington

Oct 3 2021

Scott Sumner

A dubious record

Oct 1 2021

Scott Sumner

Money neutrality, super-neutrality, and non-neutrality

Sep 29 2021

Scott Sumner

Endogenous and exogenous steering

Sep 27 2021

Scott Sumner

What does "local control" actually mean?

Sep 25 2021

Scott Sumner

Is California still a trendsetter?

Sep 24 2021

Scott Sumner

Doug Irwin on the Korean miracle

Sep 22 2021

Scott Sumner

Inflation and relative prices

Sep 20 2021

Scott Sumner

It's not what you don't know; it's what you know that ain't so

Sep 18 2021

Scott Sumner

Average is over

Sep 17 2021

Scott Sumner

Myths we teach our children

Sep 15 2021

Scott Sumner

The dreary 21st century

Sep 13 2021

Scott Sumner

Patriotism and nationalism

Sep 11 2021

Scott Sumner

Is market monetarism actually "monetarist"

Sep 10 2021

Scott Sumner

If you want liberty, aim for success (and vice versa)

Sep 8 2021

Scott Sumner

Conservatism in the 21st century

Sep 6 2021

Scott Sumner

Well, that didn't take long!

Sep 3 2021

Scott Sumner

It's never too late

Sep 2 2021

Scott Sumner

Beware of conspiracy theories

Sep 1 2021

Scott Sumner

Benjamin Schoefer on the Musical Chairs Model

Aug 30 2021

Scott Sumner

Against employment targets

Aug 29 2021

Scott Sumner

The Third Amendment

Aug 28 2021

Scott Sumner

Unemployment insurance reduces employment

Aug 25 2021

Scott Sumner

MMT and Japan

Aug 24 2021

Scott Sumner

Ryan Avent on policy counterfactuals

Aug 22 2021

Scott Sumner

Commercial censorship?

Aug 20 2021

Scott Sumner

Does identity change?

Aug 18 2021

Scott Sumner

Whither sovereignty?

Aug 17 2021

Scott Sumner

Eh, what's happening?

Aug 14 2021

Scott Sumner

Don't mess with Texans (The Afghanistan war was a smashing success)

Aug 12 2021

Scott Sumner

The authoritarian nationalist playbook

Aug 8 2021

Scott Sumner

What emergency?

Aug 6 2021

Scott Sumner

Scott Alexander on the FDA

Aug 5 2021

Scott Sumner

Who wants efficient passenger rail?

Aug 3 2021

Scott Sumner

Void if vague

Jul 31 2021

Scott Sumner

Pollsters are people too

Jul 30 2021

Scott Sumner

Should policymakers maximize aggregate utility?

Jul 28 2021

Scott Sumner

Trust, but verify

Jul 26 2021

Scott Sumner

Yglesias on military spending

Jul 24 2021

Scott Sumner

Is restaurant productivity booming? (Probably not)

Jul 22 2021

Scott Sumner

I believe the TRUE science!

Jul 20 2021

Scott Sumner

Should we rely on the FDA for advice?

Jul 19 2021

Scott Sumner

Big fruit and low-hanging fruit

Jul 16 2021

Scott Sumner

Is inflation always a monetary phenomenon?

Jul 14 2021

Scott Sumner

Two types of debt monetization (and one misconception)

Jul 13 2021

Scott Sumner

What can we infer from the Swedish Covid policy?

Jul 12 2021

Scott Sumner

Meaning and connotation

Jul 10 2021

Scott Sumner

Two types of utilitarianism

Jul 9 2021

Scott Sumner

Why don't firms pay more?

Jul 7 2021

Scott Sumner

First impressions

Jul 4 2021

Scott Sumner

The stories we tell

Jul 2 2021

Scott Sumner

The "good old days" that never were

Jul 1 2021

Scott Sumner

Teaching the Fed as the hero

Jun 29 2021

Scott Sumner

Strange moral calculations

Jun 26 2021

Scott Sumner

TV prices and British queens

Jun 24 2021

Scott Sumner

Temporary insanity (learning from mistakes)

Jun 22 2021

Scott Sumner

Inflation is a nominal phenomenon

Jun 19 2021

Scott Sumner

Friedman's smashing success

Jun 17 2021

Scott Sumner

The pointless debate over inflation

Jun 15 2021

Scott Sumner

In praise of "death panels"

Jun 12 2021

Scott Sumner

Is a ban on corporate ransom payments feasible?

Jun 10 2021

Scott Sumner

When should NGDP be unstable?

Jun 9 2021

Scott Sumner

Friedman as a critic of Keynesian economics

Jun 8 2021

Scott Sumner

The labor supply shock

Jun 5 2021

Scott Sumner

Regulation can be painful

Jun 2 2021

Scott Sumner

How do deficits matter?

May 31 2021

Scott Sumner

A new model of the macroeconomy

May 29 2021

Scott Sumner

That 1970s inflation

May 27 2021

Scott Sumner

I'm still waiting

May 25 2021

Scott Sumner

It's alright, Ma, change your lane

May 22 2021

Scott Sumner

Is digital currency a threat to banking?

May 20 2021

Scott Sumner

Did a lab leak cause a global pandemic?

May 18 2021

Scott Sumner

What about bribery?

May 16 2021

Scott Sumner

Ransom bleg

May 14 2021

Scott Sumner

The problem with interest rate targeting

May 12 2021

Scott Sumner

The real story

May 9 2021

Scott Sumner

A crazy idea: Tell the truth

May 8 2021

Scott Sumner

Fiscal policy and interest rates

May 5 2021

Scott Sumner

The Fed is not a passive observer

May 3 2021

Scott Sumner

Capital gains nonsense, part 2

Apr 30 2021

Scott Sumner

Double taxation of coconuts

Apr 29 2021

Scott Sumner

Lower property values? That's the point.

Apr 28 2021

Scott Sumner

Capital gains nonsense

Apr 26 2021

Scott Sumner

Zoning, race, and ideology

Apr 24 2021

Scott Sumner

What the wage data is telling us

Apr 22 2021

Scott Sumner

Teenage employment has bounced back

Apr 20 2021

Scott Sumner

You get what you pay for

Apr 19 2021

Scott Sumner

The summer of 2021

Apr 17 2021

Scott Sumner

What causes recessions?

Apr 16 2021

Scott Sumner

Covid: The next issue

Apr 14 2021

Scott Sumner

The problem with environmental impact statements

Apr 12 2021

Scott Sumner

Who are the experts?

Apr 11 2021

Scott Sumner

Why are economists losing prestige?

Apr 10 2021

Scott Sumner

Which ideas are winning?

Apr 8 2021

Scott Sumner

The future belongs to the Squamish

Apr 6 2021

Scott Sumner

Robert Mundell, RIP

Apr 5 2021

Scott Sumner

No, the unemployment rate is not "meaningless"

Apr 2 2021

Scott Sumner

How many people should we produce?

Mar 31 2021

Scott Sumner

The cultural impact of rent control

Mar 29 2021

Scott Sumner

Cancel culture? Internet culture? Human culture?

Mar 27 2021

Scott Sumner

When to blame?

Mar 25 2021

Scott Sumner

Proactive and reactive COVID policies

Mar 23 2021

Scott Sumner

The professor vs. the markets

Mar 22 2021

Scott Sumner

Will the Fed follow its rhetoric or its rule?

Mar 21 2021

Scott Sumner

Did people eat two dinners in the 1970s?

Mar 18 2021

Scott Sumner

How much should we borrow?

Mar 17 2021

Scott Sumner

Internal contradictions in progressivism

Mar 16 2021

Scott Sumner

Suggestions for the Reserve Bank of New Zealand?

Mar 14 2021

Scott Sumner

Who gains under non-price rationing?

Mar 12 2021

Scott Sumner

The old left and cancel culture

Mar 10 2021

Scott Sumner

Why is the UK doing so much better?

Mar 7 2021

Scott Sumner

Information, behavior, and frictions (short course on economics)

Mar 5 2021

Scott Sumner

Can economists be trusted?

Mar 4 2021

Scott Sumner

The COVID confidence man

Mar 2 2021

Scott Sumner

About those "bond vigilantes"

Mar 1 2021

Scott Sumner

The two China policies

Feb 27 2021

Scott Sumner

One hundred years of solitude

Feb 24 2021

Scott Sumner

The Mae West of energy sources

Feb 24 2021

Scott Sumner

Correlation and causation

Feb 22 2021

Scott Sumner

Dean Baker on wealth

Feb 21 2021

Scott Sumner

Promise to be irresponsible?

Feb 18 2021

Scott Sumner

When is fiscal stimulus appropriate?

Feb 16 2021

Scott Sumner

The seen and the unseen

Feb 14 2021

Scott Sumner

Free trade and free labor markets

Feb 12 2021

Scott Sumner

Hume, hockey sticks, and The Great Forgetting

Feb 11 2021

Scott Sumner

What is this "monetary policy" that you refer to?

Feb 9 2021

Scott Sumner

Romney's child allowance proposal

Feb 7 2021

Scott Sumner

Olivier Blanchard on monetary offset

Feb 6 2021

Scott Sumner

If it ain't broke . . .

Feb 5 2021

Scott Sumner

The Covid election

Feb 4 2021

Scott Sumner

Censorship is a two-edged sword

Feb 3 2021

Scott Sumner

My new article on MMT

Feb 1 2021

Scott Sumner

Panda: Pandering to the public's ignorance

Jan 31 2021

Scott Sumner

The equity and efficiency of SALT cap repeal

Jan 29 2021

Scott Sumner

Nationalism, prejudice, and FDA regulation

Jan 28 2021

Scott Sumner

Selective outrage

Jan 27 2021

Scott Sumner

Markets are good at allocating resources

Jan 26 2021

Scott Sumner

Welfare states and the new (center) left

Jan 24 2021

Scott Sumner

Interest rates and housing affordability

Jan 22 2021

Scott Sumner

Monetary Policy: AIT seems on target

Jan 20 2021

Scott Sumner

Supply and aggregate supply are unrelated concepts

Jan 19 2021

Scott Sumner

Regulation and Vaccines: It's much worse than you think

Jan 17 2021

Scott Sumner

The "mad scientist" problem

Jan 15 2021

Scott Sumner

China won the trade war

Jan 12 2021

Scott Sumner

Daniel Kaufmann on Swiss monetary policy

Jan 11 2021

Scott Sumner

There's no one behind the curtain

Jan 9 2021

Scott Sumner

Biden approves First Dose First!

Jan 8 2021

Scott Sumner

Why are stocks up today?

Jan 7 2021

Scott Sumner

There are no non-Bayesians in a COVID foxhole

Jan 5 2021

Scott Sumner

Sadie Alexander: The First African-American Economist

Jan 4 2021

Scott Sumner

The costs of not maximizing aggregate utility

Jan 2 2021

Scott Sumner

Gold hoarding during the Great Depression

Jan 1 2021

Scott Sumner

Nice vaccine; pity there's no distribution mechanism

Dec 29 2020

Scott Sumner

Connect the dots

Dec 25 2020

Scott Sumner

The world is full of inflation

Dec 23 2020

Scott Sumner

Praise and Blame: Meritocracy and Utilitarianism

Dec 22 2020

Scott Sumner

It's not just housing

Dec 20 2020

Scott Sumner

Understanding MMT

Dec 19 2020

Scott Sumner

Whip ambiguity now!

Dec 18 2020

Scott Sumner

The Swiss cost of living is too low

Dec 16 2020

Scott Sumner

No free lunch for government debt

Dec 15 2020

Scott Sumner

Death panels, euthanasia, and the conservative embrace of herd immunity

Dec 12 2020

Scott Sumner

That doesn't mean what you think it means

Dec 11 2020

Scott Sumner

Simplifying the teaching of money

Dec 10 2020

Scott Sumner

Krugman on the effect of increased money growth

Dec 9 2020

Scott Sumner

When regulators engage in "white lies"

Dec 5 2020

Scott Sumner

Relief, not stimulus

Dec 3 2020

Scott Sumner

Does Oklahoma have America's most pot-friendly regime?

Dec 2 2020

Scott Sumner

Three MMT fallacies

Nov 29 2020

Scott Sumner

A meta-theory of money/macro

Nov 28 2020

Scott Sumner

Confusing claims regarding Mnuchin's recent Cares Act decision

Nov 27 2020

Scott Sumner

Further thoughts on MMT and net saving

Nov 25 2020

Scott Sumner

The importance of expectations

Nov 24 2020

Scott Sumner

MMT bleg

Nov 23 2020

Scott Sumner

The relationship between identity and politics is complicated

Nov 21 2020

Scott Sumner

Postmodernism is not an inherently left wing ideology

Nov 20 2020

Scott Sumner

College grads and highly specialized societies

Nov 18 2020

Scott Sumner

Conspiracy theories can cost lives

Nov 17 2020

Scott Sumner

Non-linearities in Covid outcomes

Nov 14 2020

Scott Sumner

Is Rand Paul actually wrong?

Nov 13 2020

Scott Sumner

There's nothing "WEIRD" about conspiracy theories

Nov 12 2020

Scott Sumner

The difficult politics of Covid

Nov 11 2020

Scott Sumner

The thing party vs. the idea party

Nov 10 2020

Scott Sumner

About those Muslim immigrants to Germany

Nov 9 2020

Scott Sumner

Morning in America?

Nov 6 2020

Scott Sumner

Some thoughts on polling

Nov 4 2020

Scott Sumner

A good night for libertarians

Nov 4 2020

Scott Sumner

How should we teach monetary policy?

Nov 2 2020

Scott Sumner

The price of medical ethics (and fiscal stimulus)

Oct 30 2020

Scott Sumner

Arnold Kling on Modigliani-Miller and money

Oct 28 2020

Scott Sumner

Parties become popular by taking unpopular stands

Oct 28 2020

Scott Sumner

(Un)Orthodox economics

Oct 26 2020

Scott Sumner

Look at money!

Oct 25 2020

Scott Sumner

Two important and widely held views have been discredited

Oct 23 2020

Scott Sumner

Is progressivism a scam?

Oct 22 2020

Scott Sumner

If you are not taxing consumption . . .

Oct 20 2020

Scott Sumner

Are rational people weird?

Oct 19 2020

Scott Sumner

All ideologies eventually (seem to) fail

Oct 18 2020

Scott Sumner

Vermont is a safe space

Oct 17 2020

Scott Sumner

When in doubt, don't imprison

Oct 16 2020

Scott Sumner

Do politicians listen to economists?

Oct 13 2020

Scott Sumner

Just how expansionary has the Fed actually been?

Oct 11 2020

Scott Sumner

How soon we forget

Oct 10 2020

Scott Sumner

Trade deficit whack-a-mole

Oct 8 2020

Scott Sumner

Tim Duy on fiscal stimulus

Oct 6 2020

Scott Sumner

Identifying monetary shocks

Oct 6 2020

Scott Sumner

Special treatment for the powerful?

Oct 3 2020

Scott Sumner

This isn't a Keynesian business cycle

Oct 2 2020

Scott Sumner

The masquerading problem

Sep 30 2020

Scott Sumner

Stephen Williamson on NGDP level targeting

Sep 28 2020

Scott Sumner

Congress >>> economics profession

Sep 25 2020

Scott Sumner

Taiwan's surprising boom

Sep 24 2020

Scott Sumner

The problem with court packing

Sep 22 2020

Scott Sumner

The lessons of Abenomics

Sep 21 2020

Scott Sumner

What do models tell us?

Sep 18 2020

Scott Sumner

The Fed can create money

Sep 16 2020

Scott Sumner

Friends in high places

Sep 15 2020

Scott Sumner

The headline should match the article

Sep 13 2020

Scott Sumner

Misinformation and foreign policy

Sep 11 2020

Scott Sumner

All Hail Lars Christensen!

Sep 9 2020

Scott Sumner

Fiscal stimulus also boosts inflation

Sep 7 2020

Scott Sumner

Japan's new leader

Sep 5 2020

Scott Sumner

Something there is that doesn't love a wall

Sep 4 2020

Scott Sumner

Sweden and Taiwan revisited

Sep 2 2020

Scott Sumner

More men on the moon?

Sep 1 2020

Scott Sumner

COVID-19 in the Western Hemisphere

Aug 30 2020

Scott Sumner

How will we know if average inflation targeting is working?

Aug 28 2020

Scott Sumner

A win for monetarism?

Aug 27 2020

Scott Sumner

Philippe Lemoine on Covid-19 conspiracy theories

Aug 25 2020

Scott Sumner

What does the UK want from Brexit?

Aug 23 2020

Scott Sumner

Are the old opposed to progress?

Aug 21 2020

Scott Sumner

Herd immunity is not a number (part 2)

Aug 20 2020

Scott Sumner

What if the economy does not tank in August?

Aug 18 2020

Scott Sumner

No lion tamers at the Fed

Aug 17 2020

Scott Sumner

The new McCarthyism

Aug 16 2020

Scott Sumner

Further thoughts on consumption and GDP

Aug 15 2020

Scott Sumner

Consumption is not a part of GDP

Aug 14 2020

Scott Sumner

The wheel of ideology revisited

Aug 13 2020

Scott Sumner

Capitalists of the world unite!

Aug 12 2020

Scott Sumner

Conservatives and the mythical third way

Aug 11 2020

Scott Sumner

Sweden prediction

Aug 9 2020

Scott Sumner

I've changed my mind on the Fed's mandate

Aug 8 2020

Scott Sumner

The emerging war on thrift

Aug 6 2020

Scott Sumner

A Sword of Damocles for TikTok?

Aug 5 2020

Scott Sumner

Rethinking the Great Recession

Aug 4 2020

Scott Sumner

How strong is the paternalist argument for drug regulations?

Aug 3 2020

Scott Sumner

Is utilitarianism WEIRD?

Aug 2 2020

Scott Sumner

Wasted ammunition?

Jul 30 2020

Scott Sumner

Should we root for second best policies?

Jul 29 2020

Scott Sumner

The business cycle drives investment

Jul 27 2020

Scott Sumner

'Profit' is a meaningless term

Jul 24 2020

Scott Sumner

Is stimulus costly?

Jul 22 2020

Scott Sumner

Free to build

Jul 20 2020

Scott Sumner

This is how it's supposed to work

Jul 18 2020

Scott Sumner

Herd immunity is not a number (it's a function)

Jul 16 2020

Scott Sumner

What we know about COVID-19

Jul 14 2020

Scott Sumner

Could it have been much worse?

Jul 12 2020

Scott Sumner

Progressivism goes off the rails

Jul 11 2020

Scott Sumner

Monetary economics: The three heresies

Jul 8 2020

Scott Sumner

2020 hindsight

Jul 6 2020

Scott Sumner

How is the US doing?

Jul 5 2020

Scott Sumner

Two countries, going in opposite directions

Jul 4 2020

Scott Sumner

The totalitarian temptation

Jul 3 2020

Scott Sumner

Reforming unemployment insurance

Jun 30 2020

Scott Sumner

The Supreme Court is a follower, not a leader

Jun 28 2020

Scott Sumner

Living on a one dimensional planet

Jun 25 2020

Scott Sumner

Shooting ourselves in the foot

Jun 23 2020

Scott Sumner

Winter in Australia

Jun 21 2020

Scott Sumner

Keep government out of the media

Jun 18 2020

Scott Sumner

The Fed is unlikely to monetize the debt

Jun 17 2020

Scott Sumner

Should we trust elite opinion?

Jun 15 2020

Scott Sumner

Stop asking the Fed about inequality (and start asking about inflation)

Jun 13 2020

Scott Sumner

Fewer laws, less police brutality

Jun 12 2020

Scott Sumner

African-American lives matter

Jun 11 2020

Scott Sumner

Nationalism and tech

Jun 8 2020

Scott Sumner

What does it mean to say a debt is "unsustainable"?

Jun 6 2020

Scott Sumner

Lockdowns are partly endogenous

Jun 4 2020

Scott Sumner

Herd immunity was never a feasible option

Jun 2 2020

Scott Sumner

A libertarian is a conservative who has been oppressed

Jun 1 2020

Scott Sumner

Highway 61 revisited

May 31 2020

Scott Sumner

Kudos to the UK

May 30 2020

Scott Sumner

Will we have a depression?

May 29 2020

Scott Sumner

Matt Yglesias on Hong Kong

May 28 2020

Scott Sumner

Libertarianism, not libertarians

May 27 2020

Scott Sumner

When the personal becomes political

May 25 2020

Scott Sumner

Richard Timberlake on the gold standard

May 24 2020

Scott Sumner

How should we evaluate policy?

May 23 2020

Scott Sumner

A liberal world trading system: Who says no?

May 20 2020

Scott Sumner

Wrong headline

May 19 2020

Scott Sumner

Authoritarianism and lockdowns

May 18 2020

Scott Sumner

The pandemic and UBI

May 17 2020

Scott Sumner

Negative interest rates and negative IOER

May 15 2020

Scott Sumner

Is health care discretionary?

May 13 2020

Scott Sumner

"Everyone has their reasons"

May 11 2020

Scott Sumner

Big government is not the solution; it's the problem

May 10 2020

Scott Sumner

The wrong debate

May 8 2020

Scott Sumner

There is no magic bullet

May 8 2020

Scott Sumner

Consumption shocks and debt

May 7 2020

Scott Sumner

Remember "Remember the Maine"?

May 6 2020

Scott Sumner

America has very high standards

May 5 2020

Scott Sumner

The main (economic) problem is social distancing, not lockdowns

May 4 2020

Scott Sumner

Trump's effusive praise of China's coronavirus response

May 3 2020

Scott Sumner

The good, the bad, and the ugly

May 2 2020

Scott Sumner

The Fed is trying to solve the wrong problem

Apr 30 2020

Scott Sumner

"national security reasons"

Apr 29 2020

Scott Sumner

Shouldn't the public decide?

Apr 28 2020

Scott Sumner

Further thoughts on the pandemic

Apr 27 2020

Scott Sumner

Update on flights from China

Apr 23 2020

Scott Sumner

The Financial Times on the internal contradictions of nationalism

Apr 23 2020

Scott Sumner

Why the travel ban did not work

Apr 21 2020

Scott Sumner

Central banks can "magically" prevent disinflation

Apr 20 2020

Scott Sumner

Typhoon

Apr 17 2020

Scott Sumner

Distorted perceptions of risk

Apr 16 2020

Scott Sumner

Sweden is not the model (Taiwan is)

Apr 15 2020

Scott Sumner

The importance of federalism

Apr 14 2020

Scott Sumner

Why did the markets miss it?

Apr 13 2020

Scott Sumner

How do you say "deficits don't matter" in Italian?

Apr 10 2020

Scott Sumner

Don't regulate health and safety

Apr 8 2020

Scott Sumner

The least bad prediction of our post-coronavirus future

Apr 6 2020

Scott Sumner

Multiplier misconceptions

Apr 5 2020

Scott Sumner

Libertarianism dodged a bullet

Apr 4 2020

Scott Sumner

Our economy will likely reboot too slowly

Apr 3 2020

Scott Sumner

"This isn't the last such crisis we'll have"

Apr 2 2020

Scott Sumner

Hubris in the West

Mar 31 2020

Scott Sumner

The world is what it is

Mar 29 2020

Scott Sumner

Some misconceptions about wage stickiness

Mar 28 2020

Scott Sumner

A battle fought on a million fronts

Mar 26 2020

Scott Sumner

The white man's disease?

Mar 25 2020

Scott Sumner

Airlines frequently go bankrupt

Mar 24 2020

Scott Sumner

Serendipity: California, the NBA, and the benefits of overreaction

Mar 23 2020

Scott Sumner

The fruits of nationalism

Mar 22 2020

Scott Sumner

Hope springs eternal

Mar 21 2020

Scott Sumner

The case for coercion is weaker than it looks

Mar 20 2020

Scott Sumner

The intuition behind the productivity norm

Mar 19 2020

Scott Sumner

Scott Alexander on Herbert Hoover

Mar 18 2020

Scott Sumner

There's never been a worse time for fiscal stimulus

Mar 17 2020

Scott Sumner

The "d" word

Mar 16 2020

Scott Sumner

The Fed didn't use even 10% of its "ammunition" today

Mar 15 2020

Scott Sumner

Does anyone actually care about monetary and fiscal "ammunition"?

Mar 15 2020

Scott Sumner

Leaders are followers

Mar 14 2020

Scott Sumner

Why are markets so pessimistic?

Mar 12 2020

Scott Sumner

The answer: One week

Mar 11 2020

Scott Sumner

Dishonesty is a core nationalist value, perhaps the core nationalist value

Mar 10 2020

Scott Sumner

Only the Fed can do major "fiscal policy"

Mar 9 2020

Scott Sumner

Oh, so NOW you want our goods

Mar 7 2020

Scott Sumner

The Great Saving Shock of 2020?

Mar 6 2020

Scott Sumner

State capacity in the US and Singapore

Mar 4 2020

Scott Sumner

The weird global coronavirus data

Mar 3 2020

Scott Sumner

Not all NGDP fluctuations are bad

Mar 2 2020

Scott Sumner

Don't count on the government to protect you

Mar 2 2020

Scott Sumner

Overheating forecast bleg

Feb 28 2020

Scott Sumner

Fiscal stimulus doesn't require big government or budget deficits

Feb 27 2020

Scott Sumner

If we want things to stay as they are, things will have to change

Feb 25 2020

Scott Sumner

Can monetary policy prevent an epidemic from hurting the economy?

Feb 24 2020

Scott Sumner

Are the US and the UK political systems converging?

Feb 22 2020

Scott Sumner

Paul Romer's second critique of economics

Feb 20 2020

Scott Sumner

Is the US an outlier on health care spending?

Feb 19 2020

Scott Sumner

Currency Manipulation, Saving Manipulation, and the Current Account Balance

Feb 18 2020

Scott Sumner

We've seen this movie before

Feb 17 2020

Scott Sumner

Don't anthropomorphize the economy

Feb 14 2020

Scott Sumner

Is Powell relying on help from fiscal policy?

Feb 12 2020

Scott Sumner

The Indian currency experiment

Feb 11 2020

Scott Sumner

Be careful what you ask for

Feb 8 2020

Scott Sumner

Only incompetent central bankers control interest rates

Feb 7 2020

Scott Sumner

Labor unions and the Electoral College

Feb 5 2020

Scott Sumner

Marcus Nunes and Ryan Avent were right

Feb 3 2020

Scott Sumner

No libertarian Brexit

Jan 30 2020

Scott Sumner

Authoritarian nationalism is bad for your health

Jan 30 2020

Scott Sumner

Trying to understand the Huawei threat

Jan 29 2020

Scott Sumner

People are more consequentialist than they assume

Jan 28 2020

Scott Sumner

Doubts about education "reform"

Jan 26 2020

Scott Sumner

Capitalism is making the Chinese both better and happier

Jan 25 2020

Scott Sumner

Yes, the system is rigged. But how?

Jan 22 2020

Scott Sumner

Which contentious issues are NOT partisan?

Jan 21 2020

Scott Sumner

Identity cards also have costs

Jan 18 2020

Scott Sumner

NeoFisherism and QE pessimism

Jan 15 2020

Scott Sumner

Black swans and eels

Jan 13 2020

Scott Sumner

You can't have it both ways

Jan 10 2020

Scott Sumner

Monetary policy: Better to expect too much than too little

Jan 7 2020

Scott Sumner

Do big cities help economic growth?

Jan 5 2020

Scott Sumner

Bryan's 20-20 vision.

Jan 2 2020

Scott Sumner

Price flexibility is stabilizing

Jan 1 2020

Scott Sumner

David Siegel on pain medication

Dec 29 2019

Scott Sumner

Good news; Chinese defaults are rising rapidly

Dec 26 2019

Scott Sumner

My 5 favorite books

Dec 25 2019

Scott Sumner

The new spending bill is a disaster

Dec 24 2019

Scott Sumner

Ryan Murphy's "Markets Against Modernity"

Dec 22 2019

Scott Sumner

Sunset, Earthrise

Dec 21 2019

Scott Sumner

Why so little home building?

Dec 18 2019

Scott Sumner

Nationalism and corruption

Dec 17 2019

Scott Sumner

Why trade wars don't work

Dec 14 2019

Scott Sumner

Good news for Trump

Dec 12 2019

Scott Sumner

Compared to what?

Dec 12 2019

Scott Sumner

Is the "War on Tech" just around the corner?

Dec 10 2019

Scott Sumner

Paul Volcker's legacy

Dec 9 2019

Scott Sumner

The business cycle is dying

Dec 7 2019

Scott Sumner

Facts about life expectancy (true and false)

Dec 4 2019

Scott Sumner

Stress test the government?

Dec 2 2019

Scott Sumner

Don't expect too much from sanctions

Dec 1 2019

Scott Sumner

Another reason why income is misleading

Nov 30 2019

Scott Sumner

There is no Deep State

Nov 28 2019

Scott Sumner

Bill Gates and Ohio auto parts factory workers

Nov 25 2019

Scott Sumner

The return of "might makes right"

Nov 24 2019

Scott Sumner

The best critiques are from within

Nov 23 2019

Scott Sumner

Let's have more talk of "magic money trees"

Nov 20 2019

Scott Sumner

About those Republican judges

Nov 19 2019

Scott Sumner

Income tax rates are a misleading indicator

Nov 18 2019

Scott Sumner

Why has the natural rate of unemployment fallen to such a low level?

Nov 16 2019

Scott Sumner

Putting the fun back into being a fungus

Nov 14 2019

Scott Sumner

Regulation creates concentration

Nov 11 2019

Scott Sumner

The bubble in phony bubble calls

Nov 10 2019

Scott Sumner

Why does Australia have mini-recessions?

Nov 7 2019

Scott Sumner

Pay attention to what people are not talking about

Nov 5 2019

Scott Sumner

The China (manipulation) shock and the (mostly) Trump fiscal shock

Nov 4 2019

Scott Sumner

Countries are not anecdotes

Nov 3 2019

Scott Sumner

Trump failed to save Big Coal; can Warren succeed?

Nov 2 2019

Scott Sumner

Do spending caps work?

Oct 31 2019

Scott Sumner

Stall speed and mini-recessions

Oct 29 2019

Scott Sumner

Duflo and Banerjee advocate bigger government

Oct 27 2019

Scott Sumner

Monetary offset is more mainstream than you think

Oct 25 2019

Scott Sumner

Can tariffs have a deflationary impact?

Oct 23 2019

Scott Sumner

Making Canada Great for the first time

Oct 22 2019

Scott Sumner

Will "soak the rich" make Democratic states feel blue?

Oct 21 2019

Scott Sumner

Theory and practice

Oct 19 2019

Scott Sumner

Is the UK about to become Canada?

Oct 16 2019

Scott Sumner

Credibility, predictability, consistency

Oct 14 2019

Scott Sumner

Rational expectations isn't the problem; it's the solution.

Oct 12 2019

Scott Sumner

The complex roots of anti-Asian bigotry

Oct 10 2019

Scott Sumner

Killing two birds with one stone

Oct 8 2019

Scott Sumner

Should presidents make policy?

Oct 7 2019

Scott Sumner

Do the "ends justify the means"?

Oct 4 2019

Scott Sumner

What the Saudi oil shock tells us about monetary policy

Oct 3 2019

Scott Sumner

Everyone's a monetarist (except when it comes to money)

Oct 1 2019

Scott Sumner

Politics is the problem---trade is the answer

Sep 30 2019

Scott Sumner

Are libertarians being purged?

Sep 28 2019

Scott Sumner

What does the US want from China?

Sep 27 2019

Scott Sumner

The curse of size

Sep 26 2019

Scott Sumner

Be careful what you wish for

Sep 24 2019

Scott Sumner

So you don't believe in using PPP data?

Sep 23 2019

Scott Sumner

The Great Chinese Firewall

Sep 21 2019

Scott Sumner

Bubble mutual funds

Sep 20 2019

Scott Sumner

Germany's real business cycle

Sep 19 2019

Scott Sumner

The market finds a way

Sep 18 2019

Scott Sumner

Can innovation be sped up?

Sep 14 2019

Scott Sumner

The unsung success of Japan's recent fiscal policy

Sep 12 2019

Scott Sumner

The proper goal of education is utility, not learning

Sep 10 2019

Scott Sumner

Is Fed policy "premised importantly" on market monetarism being true?

Sep 8 2019

Scott Sumner

Does price stickiness explain "lowflation"?

Sep 6 2019

Scott Sumner

The coming technocracy

Sep 3 2019

Scott Sumner

A UBI will not eliminate poverty

Aug 31 2019

Scott Sumner

Using monetary policy as a political weapon

Aug 29 2019

Scott Sumner

A trade war is not a carbon tax

Aug 27 2019

Scott Sumner

Language trumps money

Aug 26 2019

Scott Sumner

There's no reason to go heterodox

Aug 24 2019

Scott Sumner

Not all pessimistic theories can be true

Aug 23 2019

Scott Sumner

How soon we forget

Aug 22 2019

Scott Sumner

Industrial Policy: Shouldn't we actively encourage X, rather than just passively allow Y?

Aug 20 2019

Scott Sumner

21st century problems

Aug 19 2019

Scott Sumner

How has Keynes's liquidity trap theory held up over time?

Aug 17 2019

Scott Sumner

What is the lesson from the East Asian miracle?

Aug 16 2019

Scott Sumner

Easy credit and tight money

Aug 14 2019

Scott Sumner

The hardest problem in public policy

Aug 12 2019

Scott Sumner

Should we discourage medical malpractice lawsuits?

Aug 10 2019

Scott Sumner

Blind faith in government

Aug 8 2019

Scott Sumner

Think of low interest rates as an outcome, not a tool

Aug 6 2019

Scott Sumner

The laws of economics cannot be wished away

Aug 5 2019

Scott Sumner

Central banks should sell money, not give it away

Aug 2 2019

Scott Sumner

Beyond victims and villains

Aug 1 2019

Scott Sumner

Eight claims about interest rates

Jul 31 2019

Scott Sumner

Peter Thiel's pivot

Jul 30 2019

Scott Sumner

News from 2021

Jul 28 2019

Scott Sumner

Consumption and GDP

Jul 27 2019

Scott Sumner

Why the focus on non-residential investment?

Jul 25 2019

Scott Sumner

Recent studies of QE

Jul 22 2019

Scott Sumner

The JEC report on the economy

Jul 19 2019

Scott Sumner

Political issues of the 2020s

Jul 18 2019

Scott Sumner

Health care subsidies are almost impossible to reform

Jul 16 2019

Scott Sumner

Why both liberals and conservatives will lose on health care (in the short run)

Jul 16 2019

Scott Sumner

Good intentions are not enough

Jul 14 2019

Scott Sumner

Public opinion regarding cash for kidneys

Jul 12 2019

Scott Sumner

Do longer expansions store up trouble for the future?

Jul 10 2019

Scott Sumner

An epic example of wealth destruction

Jul 9 2019

Scott Sumner

The market is the dog; the Fed is the tail

Jul 8 2019

Scott Sumner

Appointing justices "such as Gorsuch and Kavanaugh"

Jul 7 2019

Scott Sumner

Don't ask the citizenship question

Jul 5 2019

Scott Sumner

Two more widely held views

Jul 5 2019

Scott Sumner

When doves fly

Jul 3 2019

Scott Sumner

Two areas where I am out of step

Jul 1 2019

Scott Sumner

The greatness of Milton Friedman

Jun 28 2019

Scott Sumner

Against political art

Jun 26 2019

Scott Sumner

War by any other means

Jun 24 2019

Scott Sumner

Macro theory for all times and all places

Jun 22 2019

Scott Sumner

Does the Fed set monetary policy in Hong Kong?

Jun 21 2019

Scott Sumner

The Trump administration's advice to Malaysia

Jun 20 2019

Scott Sumner

Poke out one of my eyes

Jun 18 2019

Scott Sumner

Freedom to travel

Jun 17 2019

Scott Sumner

What is the optimal NGDP growth rate?

Jun 16 2019

Scott Sumner

Should the government step in?

Jun 14 2019

Scott Sumner

Health care prices and quantities

Jun 12 2019

Scott Sumner

Annette Vissing-Jorgensen on Fed policy and interest rates

Jun 11 2019

Scott Sumner

John Cochrane on currency manipulation in Germany and Italy

Jun 9 2019

Scott Sumner

Is the Fed inflating asset prices?

Jun 7 2019

Scott Sumner

Advice to libertarians and progressives

Jun 5 2019

Scott Sumner

Five monetary policies

Jun 3 2019

Scott Sumner

Lessons of 2008

Jun 2 2019

Scott Sumner

The Fed's too slow

May 31 2019

Scott Sumner

The China shock ended long ago

May 30 2019

Scott Sumner

More double standards

May 28 2019

Scott Sumner

Fiscal austerity in Japan

May 26 2019

Scott Sumner

The confusing terminology of monetary policy

May 23 2019

Scott Sumner

"Things have changed"

May 22 2019

Scott Sumner

George Warren, market monetarist

May 21 2019

Scott Sumner

Virtue and vice signalling

May 20 2019

Scott Sumner

A little bit of knowledge is a dangerous thing

May 17 2019

Scott Sumner

The real wage myth

May 15 2019

Scott Sumner

Who is most vulnerable in a trade war?

May 14 2019

Scott Sumner

Inflation is about monetary policy

May 13 2019

Scott Sumner

Save us from the (economic) puritans

May 10 2019

Scott Sumner

How not to save for college

May 8 2019

Scott Sumner

Trillion $ Trump Tweets

May 6 2019

Scott Sumner

Sebastian Edwards on MMT and Latin American populism

May 3 2019

Scott Sumner

Individual truths, democratic truths, expert truths and market truths

May 1 2019

Scott Sumner

Backlash against whom?

Apr 30 2019

Scott Sumner

Gérard Araud on the decline of neoliberalism

Apr 28 2019

Scott Sumner

Changing places with Europe

Apr 26 2019

Scott Sumner

Does the Fed treat 2% inflation as a ceiling?

Apr 24 2019

Scott Sumner

"The" output gap doesn't exist

Apr 22 2019

Scott Sumner

Don't use a snow shovel to sip a cup of soup

Apr 20 2019

Scott Sumner

Shoot to kill: Power, precision, sufficiency and the appropriate target

Apr 18 2019

Scott Sumner

The sad decline of American democracy

Apr 17 2019

Scott Sumner

China's growth---what do we actually know?

Apr 16 2019

Scott Sumner

The strange endgame of protectionism

Apr 15 2019

Scott Sumner

How much has Brexit uncertainty slowed growth?

Apr 12 2019

Scott Sumner

The real MMT

Apr 10 2019

Scott Sumner

Happiness pessimist, economic agnostic

Apr 9 2019

Scott Sumner

Reforming labor markets

Apr 8 2019

Scott Sumner

Lucky to stabilize NGDP, not inflation

Apr 6 2019

Scott Sumner

Does MMT need a mathematical model? Or greater self-awareness?

Apr 4 2019

Scott Sumner

Market mimicking monetary policy

Apr 2 2019

Scott Sumner

The NGDP targeting boom

Mar 31 2019

Scott Sumner

Spending must be paid for---but when?

Mar 28 2019

Scott Sumner

Inspector Clouseau is looking for clues

Mar 26 2019

Scott Sumner

Good news on trade

Mar 24 2019

Scott Sumner

Change the culture

Mar 23 2019

Scott Sumner

Cutting rates would not be reversing course

Mar 22 2019

Scott Sumner

Steve Moore for the Fed?

Mar 22 2019

Scott Sumner

Why is the public debt situation in Italy worse than in Japan?

Mar 21 2019

Scott Sumner

How to sell a new idea in macroeconomics

Mar 19 2019

Scott Sumner

Who's afraid of taxing the rich?

Mar 18 2019

Scott Sumner

Why does the Fed oppose narrow banking?

Mar 16 2019

Scott Sumner

Are economics textbooks too expensive?

Mar 14 2019

Scott Sumner

Mankiw on teaching economics

Mar 12 2019

Scott Sumner

Excessive debt doesn't cause inflation

Mar 9 2019

Scott Sumner

In search of monetary equilibrium

Mar 9 2019

Scott Sumner

Three failures (MMT, statism, Keynesianism) and a (monetarist) success

Mar 6 2019

Scott Sumner

America's increasingly incoherent trade policy

Mar 5 2019

Scott Sumner

Global factors don't determine US inflation

Mar 3 2019

Scott Sumner

More MMT follies (Sympathy for Krugman)

Mar 1 2019

Scott Sumner

The wage decoupling mess

Feb 27 2019

Scott Sumner

Keynesianism, NeoFisherism, and MMT

Feb 26 2019

Scott Sumner

Alex Tabarrok on the kidney market

Feb 24 2019

Scott Sumner

About those "traditional models"

Feb 23 2019

Scott Sumner

It's blackmail all the way down

Feb 21 2019

Scott Sumner

Another big success for libertarianism

Feb 20 2019

Scott Sumner

High-powered money (100 years of stability)

Feb 18 2019

Scott Sumner

Lessons from the Golden State

Feb 17 2019

Scott Sumner

Against blackmail

Feb 15 2019

Scott Sumner

When the shoe was on the other foot (A suggestion for Chinese trade negotiators)

Feb 14 2019

Scott Sumner

The European elite is playing a dangerous game

Feb 11 2019

Scott Sumner

What does it mean to speculate that growth is faster than we think?

Feb 10 2019

Scott Sumner

How have US tariffs impacted China?

Feb 7 2019

Scott Sumner

The internal contradictions of liberalism and illiberalism

Feb 5 2019

Scott Sumner

The US and China---more alike than you think

Feb 4 2019

Scott Sumner

The gig economy, minimum wages, and unemployment

Feb 2 2019

Scott Sumner

Outfoxed and conned, part 2

Jan 31 2019

Scott Sumner

If you don't want people to believe you will do X, then don't do X

Jan 30 2019

Scott Sumner

A brief intellectual biography

Jan 28 2019

Scott Sumner

MMT is wrong

Jan 25 2019

Scott Sumner

Do free markets create urban sprawl?

Jan 24 2019

Scott Sumner

Lincicome on the China shock

Jan 21 2019

Scott Sumner

2% inflation changes everything

Jan 19 2019

Scott Sumner

No exit?

Jan 17 2019

Scott Sumner

Second thoughts on lead

Jan 16 2019

Scott Sumner

What determines manufacturing jobs growth?

Jan 13 2019

Scott Sumner

Should governments invest more when rates are low?

Jan 11 2019

Scott Sumner

What sort of top income tax rate does the public favor?

Jan 10 2019

Scott Sumner

There is no such thing as public opinion, example #734

Jan 9 2019

Scott Sumner

Please abolish the Fed's balance sheet

Jan 7 2019

Scott Sumner

The future of money

Jan 6 2019

Scott Sumner

It's getting harder to influence the Fed

Jan 3 2019

Scott Sumner

Alternative Money University

Jan 2 2019

Scott Sumner

Government regulation: Even worse than we thought

Dec 31 2018

Scott Sumner

Let's not emphasize behavioral economics

Dec 28 2018

Scott Sumner

Another neoliberal miracle

Dec 25 2018

Scott Sumner

Where are we overreacting today?

Dec 23 2018

Scott Sumner

The US is becoming more like Europe

Dec 21 2018

Scott Sumner

If I knew the answer to that question . . .

Dec 19 2018

Scott Sumner

The many problems with public opinion

Dec 18 2018

Scott Sumner

People, there's a whole world out there

Dec 16 2018

Scott Sumner

Just blow it all up?

Dec 14 2018

Scott Sumner

Regulation watch

Dec 12 2018

Scott Sumner

Bitcoin is not a bubble

Dec 11 2018

Scott Sumner

What should be regarded as property?

Dec 10 2018

Scott Sumner

Parmesan cheese and Sunbucks Coffee

Dec 9 2018

Scott Sumner

Monetary policy effectiveness: Regimes and instruments

Dec 7 2018

Scott Sumner

Recession risk and the circularity problem

Dec 6 2018

Scott Sumner

How should we think about the theft of intellectual property?

Dec 5 2018

Scott Sumner

Should the Fed purchase Treasuries only?

Dec 5 2018

Scott Sumner

The politics of budget deficits

Dec 3 2018

Scott Sumner

The dog that isn't barking

Dec 2 2018

Scott Sumner

Fun with life expectancies

Nov 30 2018

Scott Sumner

How should we think about Russian meddling in the 2016 election?

Nov 29 2018

Scott Sumner

Some thoughts on Powell's speech

Nov 28 2018

Scott Sumner

Automation causes trade

Nov 26 2018

Scott Sumner

How important is economic growth? And can we do much about it?

Nov 23 2018

Scott Sumner

Thanksgiving in Little Hill Village

Nov 22 2018

Scott Sumner

Tonto's perspective

Nov 20 2018

Scott Sumner

Us and them

Nov 18 2018

Scott Sumner

Extremism in the defense of subsidized liberty is a (conservative) vice

Nov 16 2018

Scott Sumner

The Wizard of OZK

Nov 14 2018

Scott Sumner

Teaching to the test

Nov 12 2018

Scott Sumner

Some thoughts on global warming

Nov 10 2018

Scott Sumner

(Unconditional) prediction is overrated

Nov 8 2018

Scott Sumner

No more public mass transit infrastructure

Nov 6 2018

Scott Sumner

I don't find "monetary disequilibrium" to be a useful concept

Nov 4 2018

Scott Sumner

Are workers paid their marginal product? Should they be?

Nov 2 2018

Scott Sumner

The case for European health care

Oct 31 2018

Scott Sumner

Should the Fed pay attention to the stock market?

Oct 29 2018

Scott Sumner

No equity/efficiency trade-off here

Oct 25 2018

Scott Sumner

Fed independence? Compared to what?

Oct 25 2018

Scott Sumner

What wage mystery?

Oct 24 2018

Scott Sumner

A not so happy ending

Oct 23 2018

Scott Sumner

Two questions about commercial real estate lending

Oct 21 2018

Scott Sumner

What's good for big tobacco . . .

Oct 18 2018

Scott Sumner

Pro-business but not pro-market

Oct 16 2018

Scott Sumner

Why recessions are hard to predict

Oct 14 2018

Scott Sumner

Decentralization and international affairs

Oct 11 2018

Scott Sumner

Trade realism

Oct 9 2018

Scott Sumner

Nordhaus and Romer

Oct 8 2018

Scott Sumner

Expansions are getting longer, booms are not (plus Iran deal bonus)

Oct 6 2018

Scott Sumner

The "cringe"

Oct 5 2018

Scott Sumner

Is maximizing "total wages" the right goal?

Oct 4 2018

Scott Sumner

Why a federal minimum wage?

Oct 3 2018

Scott Sumner

YIMBY!

Oct 2 2018

Scott Sumner

Fuzzy sets and the biggest scandal in economics

Sep 30 2018

Scott Sumner

A Laffer Curve for government spending

Sep 29 2018

Scott Sumner

What can we learn from the Bank of England?

Sep 27 2018

Scott Sumner

Reihan Salam on immigration

Sep 25 2018

Scott Sumner

Micro vs. macro

Sep 22 2018

Scott Sumner

NIMBYism isn't just about housing

Sep 22 2018

Scott Sumner

Rashomon in 2008

Sep 19 2018

Scott Sumner

Are tariffs a big threat to China?

Sep 18 2018

Scott Sumner

Integrating immigrants

Sep 16 2018

Scott Sumner

Bring back monetarism!

Sep 14 2018

Scott Sumner

The new philanthropy

Sep 13 2018

Scott Sumner

Did Lehman cause the Great Recession?

Sep 11 2018

Scott Sumner

Who should be allowed to deposit money at the Fed?

Sep 9 2018

Scott Sumner

Don't confuse accounting with causal relationships

Sep 7 2018

Scott Sumner

The Man Who Fell to Earth

Sep 4 2018

Scott Sumner

Mugged by regulation

Sep 3 2018

Scott Sumner

Social democracy isn't socialism

Sep 2 2018

Scott Sumner

Tate Lacey sees hints of NGDP targeting in Powell's remarks

Aug 31 2018

Scott Sumner

Who should pay for fixing externalities?

Aug 30 2018

Scott Sumner

Neoliberalism is not dead

Aug 27 2018

Scott Sumner

Why so little inflation?

Aug 26 2018

Scott Sumner

The problem with sticky price models

Aug 26 2018

Scott Sumner

How to judge a judge

Aug 23 2018

Scott Sumner

Italy: The real problem is real

Aug 21 2018

Scott Sumner

Lots of axes to grind

Aug 20 2018

Scott Sumner

Charter cities in China

Aug 18 2018

Scott Sumner

Interpreting public opinion

Aug 14 2018

Scott Sumner

Be skeptical of surveys of public opinion, example #441

Aug 13 2018

Scott Sumner

The wisdom of Nick Rowe

Aug 12 2018

Scott Sumner

The US will "lose" a currency war

Aug 11 2018

Scott Sumner

Let's transfer more technology to China

Aug 10 2018

Scott Sumner

Against the Electoral College (people, not cows)

Aug 8 2018

Scott Sumner

Pro-market but not pro-business

Aug 7 2018

Scott Sumner

Keynesian fiscal policy is dead

Aug 4 2018

Scott Sumner

Post hoc ergo propter hoc

Aug 3 2018

Scott Sumner

3 misconceptions about the yield spread

Jul 30 2018

Scott Sumner

Inside Democrats, outside Republicans

Jul 29 2018

Scott Sumner

How much value does the Chinese government place on freedom?

Jul 27 2018

Scott Sumner

Ignorance is bliss (for the EU)

Jul 26 2018

Scott Sumner

Peter Navarro is losing

Jul 25 2018

Scott Sumner

State capitalism, part 2

Jul 24 2018

Scott Sumner

The moral hazard presidency?

Jul 22 2018

Scott Sumner

Political Correctness in San Francisco

Jul 20 2018

Scott Sumner

Is Fed policy too easy or too tight?

Jul 17 2018

Scott Sumner

The chickens come home to roost

Jul 15 2018

Scott Sumner

Does immigration help the Dems?

Jul 12 2018

Scott Sumner

If it walks like a duck . . .

Jul 11 2018

Scott Sumner

Are there any originalists?

Jul 8 2018

Scott Sumner

Process comes first

Jul 4 2018

Scott Sumner

Two articles on Fed policy

Jul 2 2018

Scott Sumner

Is neoliberalism dead?

Jun 30 2018

Scott Sumner

The US and Turkey

Jun 29 2018

Scott Sumner

Us and them

Jun 27 2018

Scott Sumner

A stable cryptocurrency?

Jun 25 2018

Scott Sumner

What causes recessions and "empressions"?

Jun 23 2018

Scott Sumner

Is economic nationalism even possible?

Jun 21 2018

Scott Sumner

Do poverty programs reduce poverty?

Jun 19 2018

Scott Sumner

Out-foxed and conned?

Jun 17 2018

Scott Sumner

What is the influence of wealth on demand?

Jun 15 2018

Scott Sumner

Our New Design

Jun 13 2018

Scott Sumner

Why the Singapore summit might be a net plus

Jun 12 2018

Scott Sumner

Good and bad nationalism

Jun 10 2018

Scott Sumner

Good and bad pardons

Jun 9 2018

Scott Sumner

FDR and George Warren

Jun 7 2018

Scott Sumner

Kevin Erdmann on the housing "bubble"

Jun 5 2018

Scott Sumner

Neoliberalism is the worst system, except for all the others

Jun 3 2018

Scott Sumner

Don't be afraid to catch a falling knife

Jun 1 2018

Scott Sumner

What "austerity"?

May 29 2018

Scott Sumner

Should central banks become banks?

May 28 2018

Scott Sumner

Moral responsibility

May 27 2018

Scott Sumner

Cash for bonds

May 24 2018

Scott Sumner

America bullies the world

May 22 2018

Scott Sumner

UBI vs. guaranteed jobs vs. wage subsidies

May 19 2018

Scott Sumner

Markets are inhuman (and that's a good thing)

May 17 2018

Scott Sumner

Safe haven or tight money?

May 15 2018

Scott Sumner

Questions about Japan

May 14 2018

Scott Sumner

How much idealism is ideal?

May 12 2018

Scott Sumner

Monetary policy (mostly) determines nominal wage growth

May 11 2018

Scott Sumner

Three contrarian opinions

May 10 2018

Scott Sumner

Leland Yeager, RIP

May 9 2018

Scott Sumner

A little bit of knowledge is a dangerous thing

May 8 2018

Scott Sumner

Very bad news on housing

May 7 2018

Scott Sumner

Trade is not the problem

May 5 2018

Scott Sumner

Does the recognition lag give the Fed an alibi for 2008?

May 2 2018

Scott Sumner

The monetary economics of the 2040s, today

Apr 30 2018

Scott Sumner

Target the unbiased forecast

Apr 28 2018

Scott Sumner

Macroprudential?

Apr 26 2018

Scott Sumner

So you want my opinion?

Apr 24 2018

Scott Sumner

Building more highways will reduce traffic congestion

Apr 22 2018

Scott Sumner

The US is unlikely to default

Apr 20 2018

Scott Sumner

Beware of macro survey questions

Apr 18 2018

Scott Sumner

Don't tax death

Apr 15 2018

Scott Sumner

It's that time of year again

Apr 13 2018

Scott Sumner

What empirical evidence should we trust?

Apr 11 2018

Scott Sumner

When "deregulation" becomes crony capitalism

Apr 7 2018

Scott Sumner

What happened in 2004?

Apr 4 2018

Scott Sumner

FDR's immaculate inflation

Apr 1 2018

Scott Sumner

Why stop at price level targeting?

Mar 30 2018

Scott Sumner

From liberalism to illiberalism

Mar 30 2018

Scott Sumner

How much leverage does America have in trade?

Mar 27 2018

Scott Sumner

Getting out in front of the parade

Mar 25 2018

Scott Sumner

What if Trump wins the China IP dispute?

Mar 22 2018

Scott Sumner

Forza Italia!

Mar 21 2018

Scott Sumner

The West was right about China

Mar 19 2018

Scott Sumner

Coase and Krugman

Mar 17 2018

Scott Sumner

Who are we?

Mar 16 2018

Scott Sumner

Functional capitalism

Mar 14 2018

Scott Sumner

Norway's peculiar decision

Mar 13 2018

Scott Sumner

Japan and market monetarism

Mar 12 2018

Scott Sumner

The letter and the spirit of the law

Mar 11 2018

Scott Sumner

You don't know what you've got till it's gone

Mar 9 2018

Scott Sumner

Two kinds of supply shocks

Mar 7 2018

Scott Sumner

1973: Utopia or dystopia?

Mar 5 2018

Scott Sumner

Imagine not knowing who the President is

Mar 4 2018

Scott Sumner

The new fault lines

Mar 3 2018

Scott Sumner

Trade war? What could go wrong?

Mar 2 2018

Scott Sumner

Don't give them anywhere to hide

Feb 28 2018

Scott Sumner

Answering the wrong question

Feb 27 2018

Scott Sumner

Americans are richer and happier* than Europeans

Feb 26 2018

Scott Sumner

Bad news from China

Feb 25 2018

Scott Sumner

Don't use the Phillips Curve, destroy it

Feb 24 2018

Scott Sumner

Will the Swiss adopt 100% reserve banking?

Feb 23 2018

Scott Sumner

You get what you pay for

Feb 22 2018

Scott Sumner

Do deficits matter?

Feb 21 2018

Scott Sumner

There's no success like failure

Feb 20 2018

Scott Sumner

Will Trump reverse Obama's H-4 program?

Feb 19 2018

Scott Sumner

Never reason from an interest rate spread

Feb 18 2018

Scott Sumner

Please, don't experiment with monetary policy

Feb 16 2018

Scott Sumner

Why are non-whites so libertarian?

Feb 15 2018

Scott Sumner

Is Paul Krugman now too conservative for our textbooks?

Feb 13 2018

Scott Sumner

Don't use monetary policy to boost wages

Feb 11 2018

Scott Sumner

What would a scientific cigarette policy look like?

Feb 9 2018

Scott Sumner

Charlie Brown and the GOP

Feb 7 2018

Scott Sumner

Beckworth interviews Neel Kashkari

Feb 6 2018

Scott Sumner

The National Review on Immigration

Feb 4 2018

Scott Sumner

Monetary policy: The view from the markets

Feb 2 2018

Scott Sumner

Further thoughts on Friedman's Presidential address

Feb 1 2018

Scott Sumner

A dilemma for libertarians: Should central banks be strong or weak?

Jan 29 2018

Scott Sumner

Nebraskans are protected by the 4th amendment

Jan 28 2018

Scott Sumner

Bullseye!

Jan 26 2018

Scott Sumner

Alternative Money University

Jan 24 2018

Scott Sumner

Friedman's Presidential Address after 50 years

Jan 22 2018

Scott Sumner

Just who are those "consumers"?

Jan 20 2018

Scott Sumner

A tax by any other name . . .

Jan 18 2018

Scott Sumner

Whereof One Cannot Speak, Thereof One Must Be Silent

Jan 16 2018

Scott Sumner

Affirmative action for drug pushers? (I say yes)

Jan 15 2018

Scott Sumner

Squalor and immigration

Jan 13 2018

Scott Sumner

What do people believe about interest rates?

Jan 11 2018

Scott Sumner

A blind spot at the New York Times

Jan 9 2018

Scott Sumner

Crime and civil liberties

Jan 7 2018

Scott Sumner

Why I'm not a progressive

Jan 5 2018

Scott Sumner

We should focus on building "unaffordable" housing

Jan 3 2018

Scott Sumner

Further thoughts on corporate income taxes

Dec 31 2017

Scott Sumner

Japan doesn't need easier money; the BOJ needs easier money

Dec 29 2017

Scott Sumner

Much ado about very little

Dec 28 2017

Scott Sumner

Is QE effective? (Please don't ask)

Dec 27 2017

Scott Sumner

I wish you a very neoliberal Christmas

Dec 25 2017

Scott Sumner

Is Portugal's drug policy a success?

Dec 23 2017

Scott Sumner

Don't forget about opportunity cost

Dec 22 2017

Scott Sumner

A penny for your thoughts

Dec 20 2017

Scott Sumner

Some comments on tax incidence

Dec 18 2017

Scott Sumner

Three big natural experiments

Dec 15 2017

Scott Sumner

Tyler Cowen and the Four Blind Men

Dec 13 2017

Scott Sumner

What if I didn't favor NGDP targeting?

Dec 10 2017

Scott Sumner

What's my core message?

Dec 7 2017

Scott Sumner

What does it mean to say "The Fed did too much"?

Dec 5 2017

Scott Sumner

Misconceptions about taxes

Dec 4 2017

Scott Sumner

House bill >>>>>>>>> Senate bill

Dec 2 2017

Scott Sumner

All hail Goushi Kataoka!

Dec 1 2017

Scott Sumner

Powell's Senate testimony

Nov 29 2017

Scott Sumner

Murder on the Orient Express

Nov 28 2017

Scott Sumner

Old classical macro plus reallocation

Nov 25 2017

Scott Sumner

Thanksgiving in Tesla Town

Nov 23 2017

Scott Sumner

Ryan Murphy on government effectiveness and growth

Nov 21 2017

Scott Sumner

How much do government workers cost?

Nov 19 2017

Scott Sumner

The third option

Nov 18 2017

Scott Sumner

How should we evaluate Herbert Hoover?

Nov 16 2017

Scott Sumner

Do the right thing

Nov 14 2017

Scott Sumner

Should Fed bond holdings be restricted?

Nov 12 2017

Scott Sumner

News flash: College students come from middle-aged parents

Nov 10 2017

Scott Sumner

David Beckworth interviews Doug Irwin

Nov 8 2017

Scott Sumner

Central banks should have listened to Eliezer Yudkowsky

Nov 7 2017

Scott Sumner

Wait, did Bernie Sanders win the election?

Nov 4 2017

Scott Sumner

Jerome Powell as Fed chair

Nov 2 2017

Scott Sumner

Better than expected, but will it survive?

Nov 2 2017

Scott Sumner

Bad policies lead to bad theory

Oct 30 2017

Scott Sumner

Another Fed mistake from 2008

Oct 29 2017

Scott Sumner

401k plans do not "subsidize saving"

Oct 27 2017

Scott Sumner

Do low taxes explain inequality?

Oct 26 2017

Scott Sumner

What can school choice accomplish?

Oct 25 2017

Scott Sumner

The 1987 stock market crash

Oct 23 2017

Scott Sumner

A breath of fresh air from John Cochrane

Oct 21 2017

Scott Sumner

Voters don't hate inflation

Oct 20 2017

Scott Sumner

Central bank infallibility is a core axiom of modern macro

Oct 19 2017

Scott Sumner

Don't assume that irrationality is hard-wired into humans

Oct 18 2017

Scott Sumner

Rethinking Macroeconomics

Oct 16 2017

Scott Sumner

1967 and 2008: Two botched policies

Oct 14 2017

Scott Sumner

Bernanke proposes an inflation/price level hybrid target

Oct 12 2017

Scott Sumner

Evidence for money non-neutrality

Oct 11 2017

Scott Sumner

Congratulations to Richard Thaler

Oct 9 2017

Scott Sumner

Balance of trade data is not what you think

Oct 8 2017

Scott Sumner

Define "efficient"

Oct 6 2017

Scott Sumner

First as tragedy, then as farce

Oct 5 2017

Scott Sumner

Roger Farmer on NGDP futures targeting

Oct 4 2017

Scott Sumner

Milton Friedman wouldn't have been confused

Oct 1 2017

Scott Sumner

Cultural Philistines and Marxism

Sep 29 2017

Scott Sumner

Modern Art and Occam's Razor

Sep 27 2017

Scott Sumner

The macroeconomic elite is definitely wrong about something

Sep 26 2017

Scott Sumner

America's middle class: 50 years of amazing progress

Sep 24 2017

Scott Sumner

Reply to Bryan on utilitarianism

Sep 23 2017

Scott Sumner

Don't change the forecast; change the policy

Sep 20 2017

Scott Sumner

Beckworth interviews Summers

Sep 19 2017

Scott Sumner

Does prosperity push us to the left?

Sep 17 2017

Scott Sumner

How should we encourage exports? (And should we?)

Sep 15 2017

Scott Sumner

How do we evaluate Robert Shiller's forecast?

Sep 13 2017

Scott Sumner

Macro events (in big economies) don't have micro causes

Sep 9 2017

Scott Sumner

Are most Americans radical libertarians?

Sep 6 2017

Scott Sumner

Larry Summers on the rise of monopoly power

Sep 4 2017

Scott Sumner

The labor market is not a reliable guide to policy

Sep 2 2017

Scott Sumner

How deregulation can improve bank safety

Aug 31 2017

Scott Sumner

The Real Problem was Nominal: Example #259

Aug 30 2017

Scott Sumner

The root causes of natural disasters

Aug 28 2017

Scott Sumner

Precursors of NeoFisherism

Aug 26 2017

Scott Sumner

The Fed can do what King Canute could not

Aug 24 2017

Scott Sumner

Just how political is the Fed?

Aug 23 2017

Scott Sumner

Never say never

Aug 22 2017

Scott Sumner

All That Glitters Is Not Gold: A Parable

Aug 20 2017

Scott Sumner

Fifty years ago

Aug 17 2017

Scott Sumner

Can the left and the right agree on a monetary reform plan?

Aug 16 2017

Scott Sumner

Some thoughts on stock prices and risk of nuclear war

Aug 13 2017

Scott Sumner

Neoliberalism is making the world much more equal

Aug 12 2017

Scott Sumner

More markets please

Aug 11 2017

Scott Sumner

Don't be early in bubble predictions

Aug 9 2017

Scott Sumner

I warned the Swiss that this would happen

Aug 7 2017

Scott Sumner

A note on the "natural" rate of interest

Aug 4 2017

Scott Sumner

Which bus would you take?

Aug 3 2017

Scott Sumner

The economic news is not good

Jul 29 2017

Scott Sumner

Do you really want to include capital gains?

Jul 25 2017

Scott Sumner

Germany is not the problem

Jul 19 2017

Scott Sumner

Sorry, I don't get the joke

Jul 16 2017

Scott Sumner

What Bernanke was up against

Jul 14 2017

Scott Sumner

Liu Xiaobo, RIP

Jul 13 2017

Scott Sumner

Gary Cohn as Fed chair?

Jul 12 2017

Scott Sumner

David Beckworth interviews Steve Horwitz

Jul 10 2017

Scott Sumner

Swift and Stevenson on economics

Jul 9 2017

Scott Sumner

A correction on a previous post on Luddite theories

Jul 8 2017

Scott Sumner

Confused by a price change

Jul 6 2017

Scott Sumner

The Phillips curve doesn't predict inflation

Jul 5 2017

Scott Sumner

Lies, true lies, and statistics

Jul 4 2017

Scott Sumner

How long can the China boom continue?

Jul 3 2017

Scott Sumner

Free trade is on the march

Jul 2 2017

Scott Sumner

My views on monetary economics

Jun 29 2017

Scott Sumner

How should we measure productivity?

Jun 26 2017

Scott Sumner

Nominal exchange rates, real exchange rates and protectionism

Jun 23 2017

Scott Sumner

What's causing the low inflation?

Jun 21 2017

Scott Sumner

Immigration and growth

Jun 19 2017

Scott Sumner

How much did poverty rise under Reagan?

Jun 17 2017

Scott Sumner

Larry Summers, market monetarist?

Jun 15 2017

Scott Sumner

What monopsony power in the labor market looks like

Jun 13 2017

Scott Sumner

The Fed needs a new "theory"

Jun 12 2017

Scott Sumner

Does tribalism breed extremism?

Jun 11 2017

Scott Sumner

The WSJ on the German trade surplus

Jun 9 2017

Scott Sumner

Should declining mobility impact monetary policy?

Jun 7 2017

Scott Sumner

Real and nominal shocks

Jun 5 2017

Scott Sumner

Two new picks for the Fed?

Jun 3 2017

Scott Sumner

American banking: Socialism or laissez-faire?

Jun 2 2017

Scott Sumner

Reasoning from a price change caused the Great Depression

May 31 2017

Scott Sumner

More Ginis please

May 29 2017

Scott Sumner

Saving, cost control, and infrastructure

May 27 2017

Scott Sumner

What if we had a financial crisis without tight money?

May 25 2017

Scott Sumner

"Public opinion" is not what you think

May 24 2017

Scott Sumner

Prediction markets and loss aversion

May 23 2017

Scott Sumner

The new Hypermind NGDP futures market

May 22 2017

Scott Sumner

Wages are the key to the business cycle

May 21 2017

Scott Sumner

Financial crisis or monetary policy failure?

May 19 2017

Scott Sumner

Do robots reduce employment?

May 17 2017

Scott Sumner

What does Greece tell us about the AS/AD model?

May 15 2017

Scott Sumner

Good news on trade?

May 14 2017

Scott Sumner

Avik Roy on GOP health care reform.

May 12 2017

Scott Sumner

Is the Greek public debt actually "unpayable"?

May 10 2017

Scott Sumner

Is history cyclical?

May 8 2017

Scott Sumner

Policy needs to be symmetrical

May 6 2017

Scott Sumner

Don't target unemployment

May 5 2017

Scott Sumner

America: A dromedary, not a Bactrian camel

May 3 2017

Scott Sumner

Antiestablishmentarianism

May 1 2017

Scott Sumner

Generals fighting the last war

Apr 30 2017

Scott Sumner

How can there be a shortage of construction workers?

Apr 28 2017

Scott Sumner

Ezra Klein on the Singapore health care miracle

Apr 26 2017

Scott Sumner

Trump and Le Pen

Apr 24 2017

Scott Sumner

Bretton Woods as a "guardrails" approach to monetary policy

Apr 24 2017

Scott Sumner

The "national defense" argument

Apr 21 2017

Scott Sumner

Let them eat quality?

Apr 19 2017

Scott Sumner

Does trade with China cost jobs?

Apr 16 2017

Scott Sumner

Avoid procyclical inflation

Apr 14 2017

Scott Sumner

The public only thinks it likes low inflation

Apr 13 2017

Scott Sumner

What housing supply glut?

Apr 12 2017

Scott Sumner

Murphy and Smith on NGDP and politics

Apr 11 2017

Scott Sumner

Supply and demand both matter

Apr 9 2017

Scott Sumner

Might Trump actually end up promoting liberalism?

Apr 8 2017

Scott Sumner

A little bit of knowledge is a dangerous thing

Apr 7 2017

Scott Sumner

What were the "costs and risks" of QE?

Apr 5 2017

Scott Sumner

Heterodoxy at the AER

Apr 1 2017

Scott Sumner

Two Michigan cities

Mar 31 2017

Scott Sumner

The Great Recession, productivity and productivity growth

Mar 29 2017

Scott Sumner

Stocks did not crash this morning

Mar 27 2017

Scott Sumner

Conservatives better hope that wages and prices are sticky

Mar 25 2017

Scott Sumner

Robert Frost and liberalism

Mar 23 2017

Scott Sumner

Interest on reserves and stock prices in 2008

Mar 21 2017

Scott Sumner

Is a falling population contractionary?

Mar 19 2017

Scott Sumner

Ricardo Reis on price level targeting

Mar 17 2017

Scott Sumner

I'm becoming increasingly worried about AI

Mar 14 2017

Scott Sumner

France's NIRA did just as poorly as America's

Mar 13 2017

Scott Sumner

A dangerous myth about trade deficits

Mar 11 2017

Scott Sumner

Why I favor taxing subsidized goods

Mar 7 2017

Scott Sumner

Initial thoughts on Obamacare 2.0

Mar 7 2017

Scott Sumner

Why not both?

Mar 5 2017

Scott Sumner

Do checks and balances reduce efficiency?

Mar 4 2017

Scott Sumner

Two popular views that can't both be right

Mar 2 2017

Scott Sumner

The (developed) world's 4th longest expansion

Mar 1 2017

Scott Sumner

Don't appoint a bunch of business people to the Fed

Feb 27 2017

Scott Sumner

Monetary offset in the UK?

Feb 25 2017

Scott Sumner

What has Syria ever done for us?

Feb 23 2017

Scott Sumner

A few predictions (Nothing will change)

Feb 22 2017

Scott Sumner

Whither the Ex-Im Bank?

Feb 21 2017

Scott Sumner

Beckworth interviews Eggertsson

Feb 19 2017

Scott Sumner

The lump of labor fallacy

Feb 17 2017

Scott Sumner

The problem is not tight money, it's unstable money

Feb 16 2017

Scott Sumner

How to think about taxes

Feb 15 2017

Scott Sumner

Protectionism is not inflationary

Feb 13 2017

Scott Sumner

Are rising prices, interest rates and exchanges rates a good thing?

Feb 10 2017

Scott Sumner

The shocking truth about border tax adjustments

Feb 9 2017

Scott Sumner

Why do so many economists favor fiscal stimulus in Japan?

Feb 8 2017

Scott Sumner

Has President Obama changed the GOP?

Feb 7 2017

Scott Sumner

How to identify shocks

Feb 5 2017

Scott Sumner

Not all macroeconomic problems are recessions

Feb 4 2017

Scott Sumner

Macroeconomics makes progress, one dead prediction at a time

Feb 2 2017

Scott Sumner

Poverty is a far bigger problem than inequality

Jan 30 2017

Scott Sumner

The retaliation begins

Jan 28 2017

Scott Sumner

Puzzled by the border tax

Jan 28 2017

Scott Sumner

When does executive enforcement discretion spill over into lawmaking?

Jan 26 2017

Scott Sumner

How will the rise in nationalism impact the number of countries?

Jan 25 2017

Scott Sumner

Bernanke on monetary offset and monetary policy impotence

Jan 23 2017

Scott Sumner

Arrival: Xi Jinping, Davos man

Jan 22 2017

Scott Sumner

AS/AD: Another suggested interpretation

Jan 21 2017

Scott Sumner

Trumpism in China

Jan 20 2017

Scott Sumner

China trade has been a boon to the US, China, and the world.

Jan 18 2017

Scott Sumner

The peculiar persistence of monetary policy denialism

Jan 16 2017

Scott Sumner

Liquidity traps and stupidity traps

Jan 14 2017

Scott Sumner

Was Obamacare truly evil, or just a missed opportunity?

Jan 13 2017

Scott Sumner

Border tax bleg

Jan 12 2017

Scott Sumner

Monetary offset isn't really a choice, it's built in to policy

Jan 11 2017

Scott Sumner

Deficits always matter

Jan 10 2017

Scott Sumner

Spending on consumption vs. spending on investment

Jan 8 2017

Scott Sumner

Utilitarianism: beyond victims and villains

Jan 4 2017

Scott Sumner

Finland's Universal Basic Income experiment

Jan 2 2017

Scott Sumner

Gary Cohn on the Chinese currency

Dec 31 2016

Scott Sumner

Growth, or jobs for Americans?

Dec 30 2016

Scott Sumner

Never reason from an exchange rate change

Dec 28 2016

Scott Sumner

The Texas magnet

Dec 25 2016

Scott Sumner

Economics is held in low repute

Dec 22 2016

Scott Sumner

Did monetary offset cause the Great Recession?

Dec 20 2016

Scott Sumner

India's money shortage

Dec 18 2016

Scott Sumner

What do markets tell us about US Presidents?

Dec 17 2016

Scott Sumner

Nick Rowe on John Cochrane's Neo-Fisherian model

Dec 15 2016

Scott Sumner

The Fed should now be aiming for below 2% inflation

Dec 14 2016

Scott Sumner

Why Trump's policies will not signficantly boost aggregate demand

Dec 13 2016

Scott Sumner

Automation and trade

Dec 11 2016

Scott Sumner

An open letter to America's CEOs

Dec 10 2016

Scott Sumner

What are the implications of higher interest rates?

Dec 9 2016

Scott Sumner

Europe has a massive and growing trade surplus, and is hemorrhaging manufacturing jobs

Dec 8 2016

Scott Sumner

Automation destroyed 20 million manufacturing jobs

Dec 7 2016

Scott Sumner

What caused the 1974 recession?

Dec 6 2016

Scott Sumner

Should Arthur Burns be rehabilitated?

Dec 6 2016

Scott Sumner

The Carrier scandal

Dec 5 2016

Scott Sumner

Who will save China's rust belt?

Dec 4 2016

Scott Sumner

What kind of inflation hurts the public?

Dec 2 2016

Scott Sumner

Primitive cultures need a dose of utilitarianism

Nov 30 2016

Scott Sumner

Did John Allison just endorse NGDP targeting?

Nov 29 2016

Scott Sumner

Capitalism has a PR problem

Nov 27 2016

Scott Sumner

The third domino?

Nov 23 2016

Scott Sumner

In defense of rational expectations models

Nov 22 2016

Scott Sumner

Janet Yellen confirms much of what I've been saying about fiscal stimulus

Nov 18 2016

Scott Sumner

Dr. Strangelove at the Fed

Nov 16 2016

Scott Sumner

Tyler Cowen on fiscal stimulus

Nov 15 2016

Scott Sumner

Lake Wobegon Keynesianism

Nov 14 2016

Scott Sumner

You always fail . . . until you succeed

Nov 12 2016

Scott Sumner

Implications of Trump for monetary policy?

Nov 10 2016

Scott Sumner

The morning after

Nov 9 2016

Scott Sumner

Final thoughts before the election

Nov 8 2016

Scott Sumner

Should the Fed give workers a raise? No

Nov 6 2016

Scott Sumner

Central bankers: They know not their own strength

Nov 4 2016

Scott Sumner

Legal in some states, life imprisonment in others

Nov 3 2016

Scott Sumner

Are Keynesians trying to bring back the Real Bills Doctrine?

Nov 2 2016

Scott Sumner

Your tactical advice should not reflect your preferred strategy

Nov 1 2016

Scott Sumner

The zero bound isn't interest rate pegging

Oct 30 2016

Scott Sumner

Japan refutes old Keynesianism

Oct 29 2016

Scott Sumner

Is the data "rigged"?

Oct 28 2016

Scott Sumner

21st century Vikings

Oct 26 2016

Scott Sumner

Saving cannot go "into" existing assets

Oct 24 2016

Scott Sumner

The WSJ's odd critique of the Fed

Oct 24 2016

Scott Sumner

Two approaches to macroeconomics

Oct 23 2016

Scott Sumner

How the EMH can reduce government spending, taxes, and inequality

Oct 21 2016

Scott Sumner

Is the Fed a firefighter or an arsonist?

Oct 20 2016

Scott Sumner

Global warming phonies

Oct 18 2016

Scott Sumner

Does AD influence AS?

Oct 18 2016

Scott Sumner

Why America can run trade deficits forever

Oct 16 2016

Scott Sumner

Open market operations vs. helicopter drops

Oct 15 2016

Scott Sumner

Why it's hard to give good advice to the Fed

Oct 13 2016

Scott Sumner

Why it's so hard to figure out what central banks are doing

Oct 12 2016

Scott Sumner

Are robots taking our jobs?

Oct 9 2016

Scott Sumner

Americans are becoming increasing supportive of trade and immigration

Oct 7 2016

Scott Sumner

Non-materialistic millennials and the Great Stagnation

Oct 6 2016

Scott Sumner

Brexit: What I got wrong, and what is still uncertain

Oct 4 2016

Scott Sumner

Infrastructure is not fiscal policy

Oct 3 2016

Scott Sumner

In defense of Johnson's brain freeze

Oct 2 2016

Scott Sumner

Look past the labels

Oct 1 2016

Scott Sumner

Missing moods at the Boston Globe

Sep 29 2016

Scott Sumner

Who is Peter Navarro?

Sep 27 2016

Scott Sumner

Bernanke on the Bank of Japan

Sep 26 2016

Scott Sumner

Both Barrels Blazing? What would that even look like?

Sep 25 2016

Scott Sumner

Can the economy handle a 20% fiscal contraction (at near zero interest rates?)

Sep 23 2016

Scott Sumner

Democracy: Trust the system, not the leaders

Sep 22 2016

Scott Sumner

The oil price collapse: Tax cut or reallocation?

Sep 21 2016

Scott Sumner

Globalization is not the problem, it's the solution

Sep 20 2016

Scott Sumner

Balance Sheet Anxiety (What almost everyone gets wrong)

Sep 18 2016

Scott Sumner

The Fed is planning for failure

Sep 15 2016

Scott Sumner

The Secret Stimulus: Another fiscal failure?

Sep 13 2016

Scott Sumner

In monetary policy, 8k peaks are easier to climb than 7k peaks

Sep 13 2016

Scott Sumner

Ryan Avent asks some very good questions

Sep 11 2016

Scott Sumner

Brexit is not about Britain, #2

Sep 9 2016

Scott Sumner

My paper at the monetary rules conference

Sep 7 2016

Scott Sumner

How would we know if wages were sticky?

Sep 6 2016

Scott Sumner

The interest rate fallacy

Sep 5 2016

Scott Sumner

Reply to Kocherlakota

Sep 3 2016

Scott Sumner

Brexit uncertainty and Brexit itself

Sep 2 2016

Scott Sumner

What would a principled defense of political correctness look like?

Sep 1 2016

Scott Sumner

Monetary offset: Why is it so difficult to understand?

Aug 30 2016

Scott Sumner

The Monster in the Mirror

Aug 28 2016

Scott Sumner

Low interest rates: They are not easy money, and they're here to stay

Aug 27 2016

Scott Sumner

NGDP targeting in Australia?

Aug 26 2016

Scott Sumner

Tyler Cowen on NGDP targeting

Aug 23 2016

Scott Sumner

Disputes don't get resolved, they get swept under the rug

Aug 20 2016

Scott Sumner

Saving is not a problem

Aug 17 2016

Scott Sumner

The new "voodoo"

Aug 15 2016

Scott Sumner

Why the monetary policy pessimism?

Aug 12 2016

Scott Sumner

Words have fuzzy meanings--that's good

Aug 10 2016

Scott Sumner

Why the new old Keynesians are wrong about trade

Aug 8 2016

Scott Sumner

The Fed is caught in a vise

Aug 6 2016

Scott Sumner

"Fund" and games with fiscal policy

Aug 4 2016

Scott Sumner

I now consider myself to be a Libertarian

Aug 3 2016

Scott Sumner

What if everything doesn't go as expected?

Aug 2 2016

Scott Sumner

The new political divide

Jul 31 2016

Scott Sumner

Reasoning from a price change, example #213

Jul 29 2016

Scott Sumner

Pro and Contra Gauti Eggertsson

Jul 28 2016

Scott Sumner

Tyler Cowen on low interest rates

Jul 27 2016

Scott Sumner

Remorse

Jul 26 2016

Scott Sumner

The Fed's psyche

Jul 23 2016

Scott Sumner

Noah Smith and Zachary David refute the EMH

Jul 21 2016

Scott Sumner

Free, good and happy

Jul 20 2016

Scott Sumner

Uncertain about uncertainty

Jul 19 2016

Scott Sumner

Zachary David on NGDP futures targeting

Jul 18 2016

Scott Sumner

Decentralization in Turkey

Jul 16 2016

Scott Sumner

The costs of inflation and recession

Jul 14 2016

Scott Sumner

The Irish miracle

Jul 13 2016

Scott Sumner

Utilitarianism as a lodestar (Constructive Criticism for Caplan)

Jul 10 2016

Scott Sumner

Efficiency is not just a good idea, it's the only ethical policy

Jul 8 2016

Scott Sumner

Peter Conti-Brown on the Fed

Jul 7 2016

Scott Sumner

The second domino

Jul 6 2016

Scott Sumner

Aggregate demand is not consumption

Jul 4 2016

Scott Sumner

Krugman on monetary offset and China trade

Jul 4 2016

Scott Sumner

Supply and demand: Handle with care

Jul 2 2016

Scott Sumner

It's the end of the world as we know it . . . and the FTSE100 feels fine

Jun 30 2016

Scott Sumner

Could a successful Brexit wreck the eurozone?

Jun 29 2016

Scott Sumner

The pound depreciated by 10%. What does that mean?

Jun 27 2016

Scott Sumner

Sumnerian luck and monetary reform

Jun 25 2016

Scott Sumner

Brexit is not about Britain

Jun 24 2016

Scott Sumner

Bob Murphy reviews The Midas Paradox

Jun 23 2016

Scott Sumner

Was Chernobyl the best thing that ever happened to Europe's environment?

Jun 21 2016

Scott Sumner

Right wing doesn't mean pro-free market

Jun 19 2016

Scott Sumner

Just how influential is the USA?

Jun 17 2016

Scott Sumner

Three ways to do a UBI: None are feasible

Jun 16 2016

Scott Sumner

Neoliberalism: There is no alternative

Jun 15 2016

Scott Sumner

Reply to Jerry O'Driscoll

Jun 12 2016

Scott Sumner

The Left, Greece, and The Big Lie

Jun 11 2016

Scott Sumner

Some initial thoughts on banking reform

Jun 9 2016

Scott Sumner

Does QE reduce the public debt burden?

Jun 8 2016

Scott Sumner

Why are NYT editorials so staggeringly bad?

Jun 6 2016

Scott Sumner

Which direction for macro?

Jun 4 2016

Scott Sumner

Slippery slope? Let's hope so

Jun 3 2016

Scott Sumner

The infrastructure illusion

Jun 1 2016

Scott Sumner

It's hard to raise a lot of tax revenue

May 31 2016

Scott Sumner

Random thoughts on globalization

May 28 2016

Scott Sumner

Why Bryan Caplan almost always wins his bets

May 26 2016

Scott Sumner

You're not special

May 25 2016

Scott Sumner

Why most regulations are harmful

May 23 2016

Scott Sumner

The rich heart of Europe

May 21 2016

Scott Sumner

What do "experts" say about trade?

May 20 2016

Scott Sumner

Did Russia avoid high unemployment with NGDP targeting?

May 18 2016

Scott Sumner

The alt-right's demographic nightmare

May 16 2016

Scott Sumner

Don't solve problems, stop causing them

May 14 2016

Scott Sumner

Hillary Clinton on Fed structure

May 13 2016

Scott Sumner

The invisible hyperinflation monster (it's real)

May 12 2016

Scott Sumner

Was Hawtrey more Keynesian than Keynes?

May 11 2016

Scott Sumner

Two Nobel Prize winners, 18 years apart

May 8 2016

Scott Sumner

Against Brexit

May 6 2016

Scott Sumner

The Keynesian model is not a "big government" model

May 4 2016

Scott Sumner

Lucas on Keynes and "spending flows"

May 3 2016

Scott Sumner

Japan's catastrophic yen-quake

May 2 2016

Scott Sumner

A new study supports The Midas Paradox

Apr 30 2016

Scott Sumner

Once again, the Fed was wrong

Apr 28 2016

Scott Sumner

Does Tesla offer an end run around bad regulations?

Apr 27 2016

Scott Sumner

Economic theory, but only when it's convenient

Apr 26 2016

Scott Sumner

Market monetarism and market macroeconomics

Apr 24 2016

Scott Sumner

Market urbanism in Houston

Apr 23 2016

Scott Sumner

Keep it simple, and pay attention to the key stylized facts

Apr 21 2016

Scott Sumner

It's NGDP growth expectations that matter, not inflation expectations

Apr 20 2016

Scott Sumner

What's the matter with western Virginia?

Apr 19 2016

Scott Sumner

A tale of two city-states

Apr 17 2016

Scott Sumner

Forget forecasting, let's first shoot for nowcasting

Apr 16 2016

Scott Sumner

How government worsened inequality by ignoring the EMH

Apr 15 2016

Scott Sumner

Barbara Anderson, RIP

Apr 14 2016

Scott Sumner

Please don't pay me to research tax loopholes

Apr 13 2016

Scott Sumner

The "cost" of sloppy thinking

Apr 12 2016

Scott Sumner

David Beckworth has a new podcast series

Apr 11 2016

Scott Sumner

Does President Obama have wealth stashed away in one of the world's most secretive tax havens?

Apr 10 2016

Scott Sumner

How to tell if you are a modern progressive

Apr 7 2016

Scott Sumner

Nationalists are not utilitarians

Apr 7 2016

Scott Sumner

The First Great Moderation

Apr 6 2016

Scott Sumner

Grossman on NGDP shocks as policy indicators

Apr 4 2016

Scott Sumner

Extreme outliers: How meaningful are they?

Apr 2 2016

Scott Sumner

Lake Wobegon Keynesians

Mar 31 2016

Scott Sumner

A little bit pregnant

Mar 29 2016

Scott Sumner

Bernanke on monetary policy options

Mar 27 2016

Scott Sumner

Don't try to normalize interest rates

Mar 25 2016

Scott Sumner

Does anything matter? (And what would Pascal do?)

Mar 24 2016

Scott Sumner

Don't root for (or against) countries, policies, models, etc.

Mar 22 2016

Scott Sumner

Is economics more "scientific" than science?

Mar 20 2016

Scott Sumner

Socialism is harder than it looks

Mar 18 2016

Scott Sumner

Kocherlakota on the inflation outlook

Mar 17 2016

Scott Sumner

Switzerland's Vollgeld Initiative

Mar 16 2016

Scott Sumner

The media's blind spot: Negative IOR

Mar 15 2016

Scott Sumner

Two dubious ideas

Mar 14 2016

Scott Sumner

Why don't we see big NGDP crashes any longer?

Mar 13 2016

Scott Sumner

The year of thinking dangerously

Mar 10 2016

Scott Sumner

Playing the Trump card: Why do economists enjoy trashing their profession?

Mar 9 2016

Scott Sumner

The Emperor repeatedly forgets his clothes

Mar 7 2016

Scott Sumner

Krugman's confusing argument for more infrastructure spending

Mar 5 2016

Scott Sumner

Is China trade inflationary?

Mar 4 2016

Scott Sumner

Warren Buffett, out of sample

Mar 2 2016

Scott Sumner

Autor, Dorn, and Hanson on the China Shock

Feb 26 2016

Scott Sumner

If you believe in bubbles, then why are you a libertarian?

Feb 25 2016

Scott Sumner

EMH update

Feb 24 2016

Scott Sumner

Congratulations to the Free State Movement

Feb 22 2016

Scott Sumner

Drug overdose deaths: It's not just economics

Feb 19 2016

Scott Sumner

Real and monetary shocks, a numerical example

Feb 18 2016

Scott Sumner

Interest rate pessimism

Feb 16 2016

Scott Sumner

Yudkowsky's insight, Newcomb's Paradox, "air pockets", and long and variable leads

Feb 14 2016

Scott Sumner

Correlation and causation

Feb 12 2016

Scott Sumner

It takes a regime change

Feb 11 2016

Scott Sumner

Does Paul Krugman believe that markets are bilingual?

Feb 10 2016

Scott Sumner

Beckworth and Ponnuru on 2008

Feb 10 2016

Scott Sumner

Storytelling

Feb 7 2016

Scott Sumner

James Bullard on Neo-Fisherian economics

Feb 5 2016

Scott Sumner

Thank God economists cannot predict recessions

Feb 3 2016

Scott Sumner

Why doesn't a move toward easier money always lead to higher long term bond yields?

Feb 1 2016

Scott Sumner

Influence, target, control

Jan 29 2016

Scott Sumner

Some thoughts on utilitarianism and individual rights

Jan 28 2016

Scott Sumner

Paul Krugman on French economic policies

Jan 26 2016

Scott Sumner

Keynesian economics and cognitive illusions

Jan 23 2016

Scott Sumner

Kling and Johnson review The Midas Paradox

Jan 22 2016

Scott Sumner

Larry Summers and asset prices

Jan 21 2016

Scott Sumner

Hey Fed, stop hanging around the Combat Zone

Jan 20 2016

Scott Sumner

Behavioral economists aren't as smart as they think

Jan 18 2016

Scott Sumner

China is rapidly shifting to a service economy

Jan 17 2016

Scott Sumner

Am I an ideologue?

Jan 16 2016

Scott Sumner

We never seem to learn

Jan 15 2016

Scott Sumner

The European right and the GOP

Jan 15 2016

Scott Sumner

China's always been poorly governed

Jan 13 2016

Scott Sumner

Sympathy for the devil?

Jan 11 2016

Scott Sumner

What would an IS shock look like?

Jan 9 2016

Scott Sumner

Passing the buck

Jan 8 2016

Scott Sumner

The China currency mystery

Jan 7 2016

Scott Sumner

Who's afraid of level targeting?

Jan 6 2016

Scott Sumner

The day of reckoning arrives for global socialism

Jan 4 2016

Scott Sumner

NGDP or NGO?

Jan 2 2016

Scott Sumner

Robert Hetzel explains why the real problem was nominal

Jan 1 2016

Scott Sumner

There's no taste for accounting

Dec 30 2015

Scott Sumner

The art of the possible

Dec 28 2015

Scott Sumner

Economists who lack an imagination

Dec 25 2015

Scott Sumner

The Fed doesn't have a magic wand

Dec 24 2015

Scott Sumner

NeoFisherian recessions, with and without the confidence fairy

Dec 22 2015

Scott Sumner

Not all depressions are due to NGDP shortfalls

Dec 19 2015

Scott Sumner

Libertarians have nowhere to turn

Dec 18 2015

Scott Sumner

Everything is back to being the same again

Dec 16 2015

Scott Sumner

Intellectual regress

Dec 15 2015

Scott Sumner

Mood affiliation and the success of BOJ policy

Dec 13 2015

Scott Sumner

NGDP targeting is not "easy money"

Dec 11 2015

Scott Sumner

Word games: Krugman's odd definition of tight money

Dec 8 2015

Scott Sumner

Tim Fernholz on Ted Cruz's monetary policy views

Dec 6 2015

Scott Sumner

Is The Midas Paradox monetarist or anti-monetarist?

Dec 5 2015

Scott Sumner

Paging Frederic Mishkin

Dec 3 2015

Scott Sumner

Paul Krugman on inequality

Dec 3 2015

Scott Sumner

The Midas Paradox

Dec 1 2015

Scott Sumner

The new left

Nov 29 2015

Scott Sumner

Paul Krugman on jobs and GDP

Nov 27 2015

Scott Sumner

Ram on overconfidence

Nov 26 2015

Scott Sumner

Always double check your claims with the AS/AD model

Nov 25 2015

Scott Sumner

The Fed is above the law

Nov 24 2015

Scott Sumner

What if there is no zero bound problem?

Nov 21 2015

Scott Sumner

Wage stickiness as a macro problem

Nov 20 2015

Scott Sumner

Is the Fed beginning to see the light?

Nov 19 2015

Scott Sumner

What does Ted Cruz know that most Ivy League economists don't know?

Nov 17 2015

Scott Sumner

My view of macro

Nov 16 2015

Scott Sumner

The ADA seems to have failed

Nov 14 2015

Scott Sumner

Bernanke on fiscal policy

Nov 13 2015

Scott Sumner

Could Gramm, Leach, Bliley (1999) have prevented the 2008 banking crisis

Nov 11 2015

Scott Sumner

Bernanke's Memoir: Initial impressions confirmed

Nov 9 2015

Scott Sumner

A review of DeLong's review of Bernanke

Nov 7 2015

Scott Sumner

100% money?

Nov 6 2015

Scott Sumner

Arnold Kling on "Sumnernomics"

Nov 4 2015

Scott Sumner

There's nothing natural about the natural rate of interest

Nov 2 2015

Scott Sumner

A theory of house temperatures

Oct 31 2015

Scott Sumner

"In retrospect, that decision was certainly a mistake"

Oct 29 2015

Scott Sumner

Should the Fed raise rates? Will the Fed raise rates?

Oct 27 2015

Scott Sumner

Delaying the crash

Oct 25 2015

Scott Sumner

How I think

Oct 23 2015

Scott Sumner

Japan needs austerity, not fiscal stimulus

Oct 21 2015

Scott Sumner

The libertarian coast

Oct 20 2015

Scott Sumner

Reply to Arnold Kling

Oct 19 2015

Scott Sumner

Bernanke's memoir: First impressions

Oct 18 2015

Scott Sumner

Market monetarism is not (primarily) about NGDP targeting

Oct 17 2015

Scott Sumner

Thanks Texas

Oct 16 2015

Scott Sumner

More really good news

Oct 15 2015

Scott Sumner

Reply to Kevin Drum

Oct 15 2015

Scott Sumner

It's hard to teach a central bank new tricks

Oct 14 2015

Scott Sumner

Market monetarism continues to make progress

Oct 12 2015

Scott Sumner

Arnold Kling on the Fiscal Theory of the Price Level

Oct 10 2015

Scott Sumner

Yes, a strong dollar matters; but why?

Oct 8 2015

Scott Sumner

Everything's endogenous

Oct 7 2015

Scott Sumner

The Fed relies on a model that only works when its policy fails

Oct 5 2015

Scott Sumner

Banks played a major role in the Great Depression

Oct 4 2015

Scott Sumner

When the Fed ignores the market

Oct 3 2015

Scott Sumner

Missing the big picture

Oct 2 2015

Scott Sumner

Please stop talking about banking

Sep 30 2015

Scott Sumner

Concrete steps for Mr. Cochrane

Sep 29 2015

Scott Sumner

About those wacky libertarians

Sep 28 2015

Scott Sumner

Our bizarre system of taxing capital

Sep 26 2015

Scott Sumner

Japan adopts an NGDP target

Sep 25 2015

Scott Sumner

The Wicksellian Natural Rate of Interest

Sep 24 2015

Scott Sumner

Money is fungible

Sep 23 2015

Scott Sumner

Peering through the wrong end of the telescope?

Sep 22 2015

Scott Sumner

The future is soon

Sep 21 2015

Scott Sumner

Central banks target inflation

Sep 20 2015

Scott Sumner

Switzerland

Sep 19 2015

Scott Sumner

Keynesianism and market monetarism

Sep 18 2015

Scott Sumner

What makes you think Li knows the truth?

Sep 17 2015

Scott Sumner

Asking the wrong question

Sep 15 2015

Scott Sumner

Who benefits from a wage subsidy?

Sep 14 2015

Scott Sumner

Did the copper SOE help Chile develop?

Sep 13 2015

Scott Sumner

How the subprime crisis morphed into the Great Recession

Sep 12 2015

Scott Sumner

Does the impact of Keynesian stimulus depend on what we call it?

Sep 10 2015

Scott Sumner

Sticky wage model test: The results are in

Sep 9 2015

Scott Sumner

Does the Fed need guardrails? Should they want guardrails?

Sep 6 2015

Scott Sumner

Do we really want to control health care costs?

Sep 4 2015

Scott Sumner

Is the economy becoming less interest sensitive? And does it matter?

Sep 3 2015

Scott Sumner

Markets are self-aware

Sep 2 2015

Scott Sumner

Pseudo-recessions and actual recessions

Sep 1 2015

Scott Sumner

Tight money leads to lower interest rates

Aug 31 2015

Scott Sumner

Asian immigration will make America more unequal, and that's a good thing

Aug 30 2015

Scott Sumner

Recessions often begin before the thing that caused them occurs

Aug 29 2015

Scott Sumner

Beyond victims and villains

Aug 28 2015

Scott Sumner

Confirmation bias?

Aug 27 2015

Scott Sumner

Does a measly quarter point matter?

Aug 26 2015

Scott Sumner

Why bubbles are so hard to spot

Aug 25 2015

Scott Sumner

How bad government policies make us meaner

Aug 25 2015

Scott Sumner

Kelly Evans on short and long term interest rates

Aug 24 2015

Scott Sumner

It's worse than it looks

Aug 24 2015

Scott Sumner

More on levels vs. growth rates

Aug 21 2015

Scott Sumner

Policy affects levels, not growth rates (except in transition)

Aug 20 2015

Scott Sumner

Is Europe becoming more like the US?

Aug 17 2015

Scott Sumner

Divine coincidence?

Aug 15 2015

Scott Sumner

Michael Darda on Alan Blinder

Aug 14 2015

Scott Sumner

How shall we define 'liberal'?

Aug 13 2015

Scott Sumner

Why are so many currencies suddenly appreciating all over the world?

Aug 12 2015

Scott Sumner

Was China's devaluation a beggar-thy-neighbor policy?

Aug 11 2015

Scott Sumner

Free the yuan

Aug 10 2015

Scott Sumner

Don't apply AD to long run growth/distribution issues

Aug 9 2015

Scott Sumner

Shun the paper, not the person

Aug 8 2015

Scott Sumner

NGDP futures targeting means never having to say you're sorry

Aug 6 2015

Scott Sumner

Dennis Hastert and Colorado pot dealers

Aug 5 2015

Scott Sumner

Is the rise of utilitarianism unstoppable?

Aug 4 2015

Scott Sumner

China: The real problem is nominal

Aug 2 2015

Scott Sumner

An even greater stagnation

Jul 30 2015

Scott Sumner

Predicting failure

Jul 28 2015

Scott Sumner

Race and progressivism

Jul 27 2015

Scott Sumner

Paul Krugman on the minimum wage

Jul 23 2015

Scott Sumner

Government brings out the worst in us

Jul 19 2015

Scott Sumner

Slate.com's overconfidence was entirely predictable

Jul 17 2015

Scott Sumner

Weak currencies don't cause trade surpluses

Jul 16 2015

Scott Sumner

Rashomon at the Financial Times

Jul 14 2015

Scott Sumner

Paul Krugman on Greece and Germany

Jul 13 2015

Scott Sumner

Why is Greece such an economic success?

Jul 11 2015

Scott Sumner

Would NGDP targeting lead to excessive inflation?

Jul 9 2015

Scott Sumner

Britain's new minimum wage: Is there a hidden agenda?

Jul 8 2015

Scott Sumner

Raising rates tightens money, but isn't (necessarily) tight money

Jul 7 2015

Scott Sumner

Greece: What are the markets telling us?

Jul 5 2015

Scott Sumner

Does Germany "care" about Greece more than America "cares" about Puerto Rico?

Jul 3 2015

Scott Sumner

The Fed shouldn't reason from a quantity change

Jul 2 2015

Scott Sumner

Why I'm a supply and demand-sider

Jul 1 2015

Scott Sumner

Macroeconomics in small economies

Jun 30 2015

Scott Sumner

Europe's soft underbelly

Jun 29 2015

Scott Sumner

Why can't we have nice things?

Jun 28 2015

Scott Sumner

1937 and 2013

Jun 26 2015

Scott Sumner

I don't favor an interventionist monetary policy to fix recessions

Jun 24 2015

Scott Sumner

The "other things"

Jun 23 2015

Scott Sumner

A bit freer today than yesterday

Jun 22 2015

Scott Sumner

Japan's 2014 tax increase worked; they should do it again

Jun 21 2015

Scott Sumner

Could a well designed euro have worked?

Jun 20 2015

Scott Sumner

The Democrats move left

Jun 19 2015

Scott Sumner

Russ Roberts vs. Simon Wren-Lewis

Jun 18 2015

Scott Sumner

Kevin Drum's Third Law is wrong

Jun 16 2015

Scott Sumner

Matt Yglesias on environmental impact regulations

Jun 15 2015

Scott Sumner

Voters in successful neoliberal economies have no interest in Pikettynomics

Jun 14 2015

Scott Sumner

Interpersonal utility comparisons are unavoidable

Jun 13 2015

Scott Sumner

How egalitarianism failed Japan

Jun 12 2015

Scott Sumner

Market monetarism in Iceland?

Jun 10 2015

Scott Sumner

Second best policy arguments

Jun 9 2015

Scott Sumner

Peter Pan in Japan

Jun 8 2015

Scott Sumner

The world's three smallest macro models

Jun 7 2015

Scott Sumner

The (white) kids are alright

Jun 6 2015

Scott Sumner

Reply to Austan Goolsbee

Jun 3 2015

Scott Sumner

Larry Summers on NGDP targeting

Jun 3 2015

Scott Sumner

The Fed is not doing its job

Jun 2 2015

Scott Sumner

Why are interest expenses tax deductible?

Jun 1 2015

Scott Sumner

"Forcing" the GOP to accept needles

May 31 2015

Scott Sumner

Looking for AD in all the wrong places

May 31 2015

Scott Sumner

What went wrong in 2008?

May 29 2015

Scott Sumner

Greece and Detroit

May 28 2015

Scott Sumner

Questions that don't get asked very often

May 25 2015

Scott Sumner

Apple's open market purchases

May 22 2015

Scott Sumner

There is no such thing as "global aggregate demand"

May 21 2015

Scott Sumner

A consumption tax is a wealth tax

May 19 2015

Scott Sumner

Shocking data on wealth inequality

May 18 2015

Scott Sumner

Pop macroeconomics in an era of unprecedented non-change

May 16 2015

Scott Sumner

Reallocation and growth

May 14 2015

Scott Sumner

Low hanging fruit and the inequality question

May 13 2015

Scott Sumner

Labor market blues

May 10 2015

Scott Sumner

Markets > Polls > GOP pundits

May 8 2015

Scott Sumner

There's no such thing as public opinion, example #421

May 7 2015

Scott Sumner

How would we know if we won the War on Poverty?

May 6 2015

Scott Sumner

Yes, falling oil prices were like a tax cut

May 4 2015

Scott Sumner

In 1987, the Fed prevented another Great Depression by doing nothing

May 3 2015

Scott Sumner

No, the public doesn't understand comparative advantage (or supply and demand)

May 2 2015

Scott Sumner

More evidence for a Great Stagnation

May 1 2015

Scott Sumner

Robots, committees, or markets?

Apr 30 2015

Scott Sumner

The problem with "shocks"

Apr 29 2015

Scott Sumner

EconTalk Extra

Apr 27 2015

Scott Sumner

Optimal mutual funds in a world of bubbles

Apr 25 2015

Scott Sumner

It's not a beauty pageant

Apr 23 2015

Scott Sumner

What does it mean to suggest that interest rates are "artificially low"?

Apr 21 2015

Scott Sumner

Substitute goods and reasoning from a price change

Apr 20 2015

Scott Sumner

Did the Fed cause the sub-prime boom?

Apr 18 2015

Scott Sumner

Congress sets the goals, the Fed sets the intermediate target

Apr 16 2015

Scott Sumner

Is the Fed allowed to create GDP prediction markets?

Apr 15 2015

Scott Sumner

The wrong way to fix Social Security

Apr 14 2015

Scott Sumner

There is no sticky wage puzzle

Apr 12 2015

Scott Sumner

Don't blame the workers

Apr 11 2015

Scott Sumner

Low interest rates do not call for more investment

Apr 8 2015

Scott Sumner

Using monetary policy to prevent financial instability

Apr 7 2015

Scott Sumner

Germany is "balanced", it's the rest of Europe (and the ECB) that are unbalanced

Apr 4 2015

Scott Sumner

Milton Friedman argued that the Great Depression occurred despite massive QE

Apr 3 2015

Scott Sumner

Is Larry Summers reasoning from a price change?

Apr 1 2015

Scott Sumner

Talking about Britain while talking about Singapore

Mar 30 2015

Scott Sumner

What's new since 1982?

Mar 28 2015

Scott Sumner

This Sick Capitalism ®

Mar 25 2015

Scott Sumner

Is Stanley Fischer too complacent?

Mar 24 2015

Scott Sumner

Hard Asia, Soft Europe

Mar 23 2015

Scott Sumner

The Fed: What's the minimum acceptable accountability?

Mar 20 2015

Scott Sumner

Brad DeLong on the "sell by date" of Krugmanomics

Mar 18 2015

Scott Sumner

Will the GOP once again opt for big government?

Mar 17 2015

Scott Sumner

What's the "sell by date" of Krugmanomics?

Mar 16 2015

Scott Sumner

Krugman's dangerous idea (It worked for me too!)

Mar 13 2015

Scott Sumner

Everyone needs to be accountable

Mar 11 2015

Scott Sumner

Two ways of thinking about economics

Mar 9 2015

Scott Sumner

Is the "inequality" issue a cover for something else?

Mar 7 2015

Scott Sumner

The bizarre way economists calculate real income

Mar 4 2015

Scott Sumner

The last New Keynesian left alive

Mar 3 2015

Scott Sumner

How interest rates matter, and how they don't

Mar 1 2015

Scott Sumner

Bryan Caplan's conventional views

Feb 27 2015

Scott Sumner

Mission creep

Feb 26 2015

Scott Sumner

Power is a residual

Feb 25 2015

Scott Sumner

Should America help corrupt officials hide wealth?

Feb 21 2015

Scott Sumner

The housing bubble: Perceptions and reality

Feb 20 2015

Scott Sumner

Inconvenient truths

Feb 18 2015

Scott Sumner

Reasoning from a price change, example #341

Feb 16 2015

Scott Sumner

There's no point in arguing over definitions

Feb 14 2015

Scott Sumner

Have an opinion about string theory? How about macroeconomics?

Feb 13 2015

Scott Sumner

The Wittgenstein test

Feb 11 2015

Scott Sumner

Experiments in a Guaranteed Annual Income

Feb 9 2015

Scott Sumner

Statist policies in China

Feb 7 2015

Scott Sumner

The new jobs figures and macro theory

Feb 6 2015

Scott Sumner

What's so funny?

Feb 3 2015

Scott Sumner

A few thoughts on Greece

Feb 2 2015

Scott Sumner

The CBO's forecast, with and without "austerity"

Jan 30 2015

Scott Sumner

Questions for Keynesians (Show me the data)

Jan 28 2015

Scott Sumner

Stone Age Economics

Jan 27 2015

Scott Sumner

Monetary offset: Reply to my critics

Jan 25 2015

Scott Sumner

The Keynesian shell game

Jan 22 2015

Scott Sumner

Ralph Hawtrey

Jan 20 2015

Scott Sumner

Exchange rate pegs are usually a bad idea

Jan 19 2015

Scott Sumner

Central banking in a negative seignorage world

Jan 18 2015

Scott Sumner

Monetary Policy: The more ambitious your goals the less hard you have to work

Jan 17 2015

Scott Sumner

What's wrong with macro?

Jan 15 2015

Scott Sumner

Reasoning from multiple price changes

Jan 14 2015

Scott Sumner

The implications of zero interest rates for monetary and fiscal stimulus

Jan 13 2015

Scott Sumner

It's all in EC101

Jan 11 2015

Scott Sumner

Simon Wren-Lewis on expansionary austerity

Jan 9 2015

Scott Sumner

Sympathy for the top quintile

Jan 8 2015

Scott Sumner

Are German schoolchildren taught about the 1929-32 deflation?

Jan 7 2015

Scott Sumner

Tax dodging and currency

Jan 7 2015

Scott Sumner

Be skeptical, be very skeptical

Jan 5 2015

Scott Sumner

A penny for our thoughtless society

Jan 2 2015

Scott Sumner

I don't believe you (you're a liar)

Dec 30 2014

Scott Sumner

So how's the economy doing this year?

Dec 27 2014

Scott Sumner

The French experiment: Laffer >>>>>>> Piketty

Dec 24 2014

Scott Sumner

Choosing the right tools

Dec 22 2014

Scott Sumner

Markets describe reality; models should explain market reactions

Dec 20 2014

Scott Sumner

Central banks should do their job

Dec 17 2014

Scott Sumner

The ECB: Is it a hopeless case?

Dec 16 2014

Scott Sumner

Speaking of torture . . .

Dec 14 2014

Scott Sumner

John Cochrane on modern macro

Dec 12 2014

Scott Sumner

War on crime? Or war on the poor?

Dec 9 2014

Scott Sumner

Why debates over inflation are pointless

Dec 7 2014

Scott Sumner

What (if anything) can we learn from 1921?

Dec 5 2014

Scott Sumner

Bloggers >>>>>>>>>> Central banks

Dec 4 2014

Scott Sumner

Brad DeLong poses two questions about NGDP targeting

Dec 2 2014

Scott Sumner

The IMF hits a new low

Dec 1 2014

Scott Sumner

Falling oil prices have no implications for global growth. Oil production does

Nov 30 2014

Scott Sumner

Neo-Fisherism converges on market monetarism

Nov 28 2014

Scott Sumner

The Piketty Path to Riches

Nov 27 2014

Scott Sumner

A few thoughts on free banking

Nov 25 2014

Scott Sumner

Why America can't have small government (and China can)

Nov 25 2014

Scott Sumner

The smart against the dumb: The new Cold War

Nov 22 2014

Scott Sumner

Sticky wages and sticky fed funds rates

Nov 18 2014

Scott Sumner

No, low interest rates do not call for more public investment

Nov 16 2014

Scott Sumner

I'm not "the NGDP guy"

Nov 15 2014

Scott Sumner

The silence of the lambs

Nov 15 2014

Scott Sumner

Worse than a crime, it was a blunder: A pragmatic case for honesty

Nov 13 2014

Scott Sumner

The "War on Drugs" and crime rates

Nov 11 2014

Scott Sumner

Is George Selgin defending Keynes on liquidity traps?

Nov 11 2014

Scott Sumner

The problem of population

Nov 9 2014

Scott Sumner

An odd incident in modern liberalism

Nov 8 2014

Scott Sumner

How Europe did a "1937"

Nov 7 2014

Scott Sumner

Low interest rates do not cause low inflation, or high inflation

Nov 5 2014

Scott Sumner

The "it doesn't matter" theories

Nov 4 2014

Scott Sumner

For some strange reason Keynes and Hayek caused the Great Recession

Nov 2 2014

Scott Sumner

Supply and demand-side stagnation

Oct 30 2014

Scott Sumner

The ECB has an inflation target. How do the Germans propose they hit it?

Oct 26 2014

Scott Sumner

My naivete about government officials

Oct 25 2014

Scott Sumner

The great sin, the even greater sin, and the enlightened path

Oct 23 2014

Scott Sumner

Did the Bush tax rebates actually work?

Oct 22 2014

Scott Sumner

Nominal GDP is not real (and is really tiny)

Oct 20 2014

Scott Sumner

Housing and poverty

Oct 17 2014

Scott Sumner

It's the economy, stupid

Oct 16 2014

Scott Sumner

You know you're in trouble when even the Italians forget how to inflate

Oct 14 2014

Scott Sumner

No hawks or doves, just owls

Oct 12 2014

Scott Sumner

Economics is symmetrical

Oct 10 2014

Scott Sumner

A certain laxity in word choice

Oct 8 2014

Scott Sumner

Words and meaning (good theft and bad)

Oct 7 2014

Scott Sumner

Currency and lotteries: Is there a free lunch?

Oct 4 2014

Scott Sumner

Still no free lunch

Oct 3 2014

Scott Sumner

Flying blind

Sep 30 2014

Scott Sumner

Don't jump to conclusions (markets are smarter than you or I)

Sep 28 2014

Scott Sumner

What kind of Great Stagnation?

Sep 27 2014

Scott Sumner

Is the middle class being "squeezed?"

Sep 26 2014

Scott Sumner

Canadian success

Sep 23 2014

Scott Sumner

The Key to victory: Run against Piketty-nomics

Sep 22 2014

Scott Sumner

There is nothing tautological about market monetarism

Sep 21 2014

Scott Sumner

What's wrong with Hong Kong? (Too much government)

Sep 20 2014

Scott Sumner

Inequality in education

Sep 19 2014

Scott Sumner

Once again, tight money is the Achilles heel of the right

Sep 16 2014

Scott Sumner

Ending slavery made America richer

Sep 13 2014

Scott Sumner

The Closing of the Liberal Mind (pt. 2)

Sep 12 2014

Scott Sumner

Lorenzo on the opponents of neoliberalism

Sep 10 2014

Scott Sumner

The Wall Street Journal must think Milton Friedman was a Keynesian

Sep 9 2014

Scott Sumner

Is deflation bad?

Sep 8 2014

Scott Sumner

Never reason from a wage change

Sep 7 2014

Scott Sumner

Four things I believe

Sep 5 2014

Scott Sumner

Predicting bubbles

Sep 1 2014

Scott Sumner

Intellectual decay

Aug 28 2014

Scott Sumner

Mr. Bernanke vs. the Structuralists

Aug 26 2014

Scott Sumner

Never reason from a bond price change

Aug 24 2014

Scott Sumner

Nominal GDP targeting in developing countries

Aug 23 2014

Scott Sumner

When supply is demand

Aug 19 2014

Scott Sumner

Grade deflation, grade illusion, and academic depressions

Aug 17 2014

Scott Sumner

Never reason from a price change, even in Japan

Aug 15 2014

Scott Sumner

Tyler Cowen on ECB policy

Aug 14 2014

Scott Sumner

Jonathan Chait's bizarre idea of an honest poll

Aug 13 2014

Scott Sumner

The economy is more subtle and complex than you might assume

Aug 11 2014

Scott Sumner

The power of wishful thinking?

Aug 10 2014

Scott Sumner

When the straightforward interpretation seems crazy

Aug 9 2014

Scott Sumner

Charles Cooke's lame dismissal of left wing nerds

Aug 6 2014

Scott Sumner

Economics: Truer than it seems

Aug 4 2014

Scott Sumner

If something can't go on forever, it will

Aug 2 2014

Scott Sumner

Wolfers on the fiscal consensus

Jul 30 2014

Scott Sumner

"Helicopter drops" are a bad idea at any time

Jul 28 2014

Scott Sumner

I feel pain therefore I am (a utilitarian)

Jul 27 2014

Scott Sumner

Nick Rowe on fiscal policy (and reply to Caplan)

Jul 24 2014

Scott Sumner

Beyond left and right

Jul 23 2014

Scott Sumner

A few notes on utilitarianism

Jul 21 2014

Scott Sumner

The wisdom of Cass Sunstein

Jul 19 2014

Scott Sumner

Economics is all about consumption

Jul 18 2014

Scott Sumner

AD: Eleven stages of enlightenment

Jul 17 2014

Scott Sumner

Governments don't create problems, they solve problems

Jul 15 2014

Scott Sumner

Philip Booth on Thomas Piketty

Jul 14 2014

Scott Sumner

There are two kinds of people . . .

Jul 10 2014

Scott Sumner

Why no Kansas miracle?

Jul 7 2014

Scott Sumner

What about Asia?

Jul 3 2014

Scott Sumner

Mr. Krugman's peculiar post

Jul 2 2014

Scott Sumner

When is nominal GDP targeting optimal?

Jun 28 2014

Scott Sumner

Piketty on "merit"

Jun 26 2014

Scott Sumner

Unpersuaded

Jun 23 2014

Scott Sumner

The Fed at 100: A century of procyclical policy

Jun 20 2014

Scott Sumner

What does 1933-80 tell us about banking regulation?

Jun 17 2014

Scott Sumner

Fiscally inefficient monetary policy

Jun 13 2014

Scott Sumner

Never reason from an interest rate change

Jun 11 2014

Scott Sumner

Liberalism unbound: Free lunch and dinner--all you can eat!

Jun 10 2014

Scott Sumner

Obama is to the right of Texas on pot legalization

Jun 7 2014

Scott Sumner

The First Fundamental Law of Capitalism

Jun 6 2014

Scott Sumner

Private affluence, public squalor, high taxes

Jun 4 2014

Scott Sumner

Piketty on Kuznets

Jun 2 2014

Scott Sumner

Can we have confidence in our opinions on immigration?

May 30 2014

Scott Sumner

Inflation targeting: It's even worse than you thought

May 28 2014

Scott Sumner

The goal of monetary stimulus is to boost saving

May 26 2014

Scott Sumner

Basketball teams compete with each other. Basketball team companies cooperate, as they should.

May 23 2014

Scott Sumner

The middle class is doing fine

May 21 2014

Scott Sumner

Has Medicaid succeeded?

May 18 2014

Scott Sumner

What is monetary policy?

May 16 2014

Scott Sumner

Rational expectations doesn't require smart people

May 14 2014

Scott Sumner

Never debate the impact of a price change

May 13 2014

Scott Sumner

The paradoxes of applying nationalism to immigration

May 11 2014

Scott Sumner

When ideologies change

May 7 2014

Scott Sumner

The economy should be "left alone to sort things out" during a recession

May 5 2014

Scott Sumner

The correct reason to oppose high MTRs

May 2 2014

Scott Sumner

Is it OK to reason from a (aggregate) wage change?

Apr 30 2014

Scott Sumner

A pragmatic view of causation

Apr 26 2014

Scott Sumner

There's only one sensible way to measure economic inequality

Apr 24 2014

Scott Sumner

German success is surprisingly recent

Apr 22 2014

Scott Sumner

Why the EMH is truer than supply and demand

Apr 21 2014

Scott Sumner

Quantum finance

Apr 19 2014

Scott Sumner

Bad news; industrial production is soaring

Apr 17 2014

Scott Sumner

Larry Summers is persuasive

Apr 16 2014

Scott Sumner

Germany's mysterious recovery

Apr 14 2014

Scott Sumner

Inequality among doctors

Apr 10 2014

Scott Sumner

Never reason from an inflation rate change

Apr 7 2014

Scott Sumner

What we are up against

Apr 5 2014

Scott Sumner

Marshall's scissors and the Law of Reflux

Apr 2 2014

Scott Sumner

One multiplier to rule them all! (apologies to Nick Rowe)

Mar 31 2014

Scott Sumner

Fracking boom won't create many manufacturing jobs

Mar 29 2014

Scott Sumner

Central banks do not deserve our respect

Mar 27 2014

Scott Sumner

Adding a risk mandate: A 5 bumper shot in billiards?

Mar 26 2014

Scott Sumner

Endless bubbles?

Mar 24 2014

Scott Sumner

Are ZMP workers uneducated or unmotivated?

Mar 22 2014

Scott Sumner

Why we debate the unimportant issues

Mar 20 2014

Scott Sumner

The Legacy of Milton Friedman

Mar 18 2014

Scott Sumner

How the interest rate increase of 2015 caused the Great Recession

Mar 13 2014

Scott Sumner

Economics must be harder than it looks

Mar 11 2014

Scott Sumner

The old rules still apply (What the rest of the profession could learn from Ben Bernanke)

Mar 10 2014

Scott Sumner

Krugman slides deeper into old Keynesianism

Mar 6 2014

Scott Sumner

Unemployment was 9.0% in May 1975, and money was too easy

Mar 6 2014

Scott Sumner

NGDP targeting is not a "fragile" policy

Mar 5 2014

Scott Sumner

Is Abenomics working?

Mar 3 2014

Scott Sumner

The mysterious rise in youth unemployment

Mar 1 2014

Scott Sumner

Does happiness cause income?

Feb 27 2014

Scott Sumner

Williamson pulls rank on Yglesias

Feb 26 2014

Scott Sumner

Australia's auto industry collapses as America's booms

Feb 25 2014

Scott Sumner

Was Mishkin the Benjamin Strong of 2008?

Feb 24 2014

Scott Sumner

The Keynesian information bubble

Feb 23 2014

Scott Sumner

The 2008 transcripts: The real issues

Feb 22 2014

Scott Sumner

Bastiat just rolled over in his grave

Feb 18 2014

Scott Sumner

In the 1930s it seemed "obvious" that financial turmoil had caused the Great Depression

Feb 17 2014

Scott Sumner

Questions that have no answer

Feb 15 2014

Scott Sumner

Krugman and Gruber are deeply confused about "voluntary" job losses

Feb 15 2014

Scott Sumner

Never reason from a price change, example #305

Feb 14 2014

Scott Sumner

Immaculate inflation and immaculate growth

Feb 13 2014

Scott Sumner

Why do booms feel good?

Feb 10 2014

Scott Sumner

OK, now I'm really confused (the snake and the peg)

Feb 7 2014

Scott Sumner

The ECB is steering the economy (plus a survey of nautical metaphors)

Feb 4 2014

Scott Sumner

Where the Stress Falls

Feb 2 2014

Scott Sumner

Keynesian confirmation bias

Jan 30 2014

Scott Sumner

Why so glum?

Jan 28 2014

Scott Sumner

Chinese families move from nice neighborhoods to slums, for the schools.

Jan 27 2014

Scott Sumner

NGDP isn't "the economy"

Jan 25 2014

Scott Sumner

Don't expect too much from inflation

Jan 23 2014

Scott Sumner

Imagine there's no economic inequality

Jan 20 2014

Scott Sumner

Eighty years later and the results are the same

Jan 17 2014

Scott Sumner

Why are Keynesians so far-sighted?

Jan 14 2014

Scott Sumner

Do barriers create "bubbles?"

Jan 12 2014

Scott Sumner

Market monetarism in 2013

Jan 10 2014

Scott Sumner

Summers believes we can reduce bubbles with big budget deficits.

Jan 7 2014

Scott Sumner

Another disappointing reaction to The Great Market Monetarist Experiment

Jan 4 2014

Scott Sumner

Keynesianism: It's not just resting

Jan 3 2014

Scott Sumner

Don't follow the money

Jan 1 2014