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Scott Sumner

Affiliation: Bentley University

Scott Sumner has taught economics at Bentley University for the past 27 years.

He earned a BA in economics at Wisconsin and a PhD at University of Chicago.

Professor Sumner's current research topics include monetary policy targets and the Great Depression. His areas of interest are macroeconomics, monetary theory and policy, and history of economic thought.

Professor Sumner has published articles in the Journal of Political Economy, the Journal of Money, Credit and Banking, and the Bulletin of Economic Research.

Visit: TheMoneyIllusion




Scott Sumner's Latest Articles | 279

Housing, the CPI, and Real Wages

Sep 20, 2011| 

At times like these I’m glad I’m not in Paul Krugman’s shoes.  Here Krugman discusses the fact that inflation isn’t declining, even though NK models say... Read »

Tax Rates on All T-Securities Now Exceed 100%

Sep 18, 2011| 

For the first time I can recall the tax rate on all T-securities (for someone in a 33% income tax bracket) exceeds 100%.  Even for the 30 year bond.  For 10 year... Read »

Does Libertarianism Mean We Have to Pay for Everything?

Sep 15, 2011| 

I don’t know the answer to the question, but NoahOpinion seems to: Since the dawn of time, libertarians have equated property rights with freedom. Intuitively,... Read »

Do or Do Not. There is No Try.

Sep 14, 2011| 

I know that you are already rolling your eyes over the corny Star Wars reference, but I’ve never been more serious in my life.  The Fed has a simple decision... Read »

Why Stocks are Volatile

Sep 12, 2011| 

The New York Times reports that stocks have been highly volatile in the past three years: Market Swings Are Becoming New Standard The stock market just can’t seem... Read »

Warren Buffett Faces a 90% Plus Tax Rate

Sep 10, 2011| 

I actually don’t know the exact tax rate, but from what I can tell it’s probably well in excess of 90%.  Unfortunately, Warren Buffett seems to know little... Read »

A Missed Opportunity

Sep 9, 2011| 

It was even worse than I expected.  I expected one good thing (an employer-side payroll tax cut) and lots of ineffective demand stimulus measures.  The actual... Read »

The Fed Needs to Stop Trying to Reduce Interest Rates

Sep 7, 2011| 

Here are two possible messages from the upcoming September Fed meeting: 1.  We are coming out of this meeting with all guns blazing.  We will cut the interest... Read »

The End of History: Why the Fed Will Fail

Aug 22, 2011| 

In 1989 Francis Fukuyama made a bold prediction.  The world would become increasing democratic and market-oriented.  Other political models would gradually wither... Read »

The Sad End of Monetarism

Aug 13, 2011| 

Two years ago Allan Meltzer warned that the Fed’s policies would lead to high inflation.  Paul Krugman and I told him he was wrong.  In a new article in the... Read »

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