19:I[66739,["/_next/static/chunks/0.3dg.jzl0xwf.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA","/_next/static/chunks/0qxr~fpya2kw0.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA","/_next/static/chunks/12wfgjmhh21qu.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA","/_next/static/chunks/028~snn2srcd-.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA","/_next/static/chunks/079qbl7l5rd72.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA","/_next/static/chunks/0hi8o2xq05aig.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA"],"default"] 1b:I[38632,["/_next/static/chunks/0qqtp3r0h7kah.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA","/_next/static/chunks/0iukvycbd42rl.js?dpl=dpl_BhmHa8NmNRnoMAUm8Lqp3TPz2qZA"],"IconMark"] 1a:T4c2,Scott Sumner, research associate on monetary policy at the Mercatus Center, joins Erik on this episode.

They discuss:

- What the US has done well and what it has not done well when it comes to fiscal and monetary policy.

- Why there has been a reversal of thinking on inflation between now and decades ago, and his thinking about dealing with inflation.

- Other tools that are available to influence the economy beyond interest rates.

- His thinking on modern monetary theory.

- The future of the economy with social distancing and high unemployment.

- The current debates within the Fed on monetary policy.

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Understanding The Current Macroeconomic Situation with Scott Sumner

Village Global Podcast

Understanding The Current Macroeconomic Situation with Scott Sumner