Scott Sumner
Scott Sumner's Latest Articles | 83
It’s China’s World, We Just Live in It
One day after striking back at Ryan Avent, Paul Krugman posted another essay on the Chinese yuan, and this one’s actually very thoughtful. In the end I still... Read »
What Will Economists 40 Years from Now Think of Us?
When you read this you’ll see why I couldn’t resist falling off the wagon. Paul Krugman has again called for the US to pressure the Chinese to revalue the... Read »
Worth 1000 Words
This is the graph that should have been posted with the “Payback” post last week. I’d like to thank Rob Fightmaster, who helped me get this and several... Read »
The New York Times and Former President Bush Need to Read Krugman
In my comment section, I keep getting Keynesian commenters claiming that fiscal stimulus is the only way to boost AD in a recession. Here is a similar example... Read »
My Congressman on the Big Think
Barney Frank starts off by trying to blame the Bush administrations for the financial crisis: And the Clinton Administration was better than the Bush Administration. ... Read »
Why Didn’t the Housing Crash Cause High Unemployment?
A recent FT article by Vernon Smith and Steven Gjerstad discusses two big housing crashes, one occurred between 1928 and 1929, and the other occurred between 2006:1... Read »
Is Obama to Blame?
Well at least this time he didn’t mischaracterize my views. But I still think Paul Krugman slightly misunderstood my point. If you don’t know what I am referring... Read »
What Should the Grand Bargain Look Like?
It’s 2010. That means WWII ended 65 years ago. And that means a fiscal train wreck is approaching fast. And that means it’s time for one of those committees... Read »
What We Should Be Debating
We should be debating: Whether to cut the fed funds target from 0.25% to 0% Whether to put an interest penalty on excess reserves Whether to do additional QE ... Read »
What Goes Up . . . Usually Stays Up
Back in May 2003 The Economist said that many countries were in the midst of a housing bubble: A SURVEY in The Economist in May predicted that house prices would... Read »
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- Hugo. .. …while extreme capitalism does not hesitate to lie (no explicit bibliographic...
- Dan Allen .. If only the lazy Germans would stop taking from hard working Americans, then...
- Aspen .. Apology accepted. :) The pleasure was all mine.
- CMCJ .. Well, one more step towards the end of the U.S.A. The country says no, so we get it...
- Karl Marx .. Yes, the southern europeans are paid more than they are worth. The exchange rate...
- Zhuubaajie .. There is a never-published school of conspiracy economics that goes as follows: 1....
- Jan .. @Karl Marx It is not ants and grasshoppers but just macroeconomic imbalances that caused...
- Lionel A .. skorrent says ‘It absorbs it so well that the first 50 ppm in the atmosphere...
