Market Monetarism and The Future of Monetary Policy with Scott Sumner

Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, joins Erik on this episode to discuss: - Why Scott says that the fed should have been more expansionary during the Great Recession. - The usefulness of level targeting. - Why house prices are going to remain permanently high for the 21st century. - An explanation of market monetarism and its implications for monetary policy. - Why he is forecasting low inflation in contrast to many of his peers. - How market monetarism differs from modern monetary theory and Austrian economics. Thanks for listening — if you like what you hear, please review us on your favorite podcast platform.  Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal. Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup