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Bob Murphy Show - Robert Murphy EPISODE 204, 9th June 2021
Ep. 204 Scott Sumner Argues the Bernanke Fed Was Too Tight
00:00:00 01:26:12

Ep. 204 Scott Sumner Argues the Bernanke Fed Was Too Tight

Scott Sumner is a monetary economist with the Mercatus Center. He famously argued in late 2008 that the Fed was too tight with monetary policy, and eventually he has convinced many economists of his views. In this episode he explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.

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The audio production for this episode was provided by Podsworth Media.