Wednesday, January 11, 2012

Crash Course in Monetary Policy: You will be tested

OK, I'm weird.  I think this discussion between Scott Sumner of Bentley University and Russ Roberts of George Mason University is fascinating.  To quote the blurb on the web site "Sumner argues that monetary policy has been too tight and helped create the [current economic] crisis. He disputes the relevance of the so-called liquidity trap and argues that aggressive monetary policy is both possible and desirable. The conversation closes with a discussion of what we have learned and failed to learn during the crisis."


If you are a glutton for punishment you can take a look at Sumner's blog The Money Illusion.

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