Scott Sumner

Archive for Scott Sumner

Is Market Monetarism Pining for the Fjords?

Scott Sumner has a new post at EconLog saying that Keynesianism isn’t just resting (in reference to the famous Monty Python “Dead Parrot” sketch). Scott does a great job busting Mike Konczal, who earlier in 2013 had said the year would be a great test for market monetarism vs. Keynesianism. Since the Keynesian warnings about […]

Potpourri

==> I had briefly toyed with the idea of ignoring Krugman in 2014, but then I realized: You guys want me on that wall, you need me on that wall. For now: A while ago someone exclaimed with horror in the comments here that Krugman was referring to his opponents as cockroaches, and that this […]

Potpourri

==> I am going to be at the First Annual “Save Long Island” Forum in mid-January. If you buy your tickets in 2013, they are 50% off. I will be debating “Money Masters”‘ Bill Still Friday night, and there are lots of interesting speakers/performers. ==> Tucker talks teetotalling in a tux. ==> The NSA really […]

Some Sumner Shuffles

I often focus on Krugman Kontradictions, but here at Free Advice we have given examples of Sumner Shuffles. Now Scott is much more slippery than Krugman, so to get a true Sumner Shuffle is difficult. I’ve been checking his blog lately to see what he has to say about the Fed’s “taper” announcement–it was expansionary […]

Scott Sumner Wants to Take Income Away From All of Us

In a post titled, “Income is meaningless, example #388” Scott quotes from Matt Yglesias who wrote: One issue this poses is that analysis of political issues in terms of “income” quartiles can get pretty misleading. A married couple where dad earns $65,000 a year and mom works part time bringing home $15,000 a year is […]

Potpourri

==> David R. Henderson reports on media bias in the Denver school shooting (one and two). ==> Some of these kids’ test answers are literally “laugh out loud” funny. Be sure you get what’s going on with the Chinese immigrant one. ==> A classic Rothbard essay on dealing with water shortages. Yes, he lays out […]

Am I Reading This Right?

Dang, I think the chickens are coming home to roost from all the times I called Scott Sumner “insane.” In an update to his post on Williamson Scott writes: Update: Kudos to Bob Murphy for getting there before I did. I wonder if the quickness someone gets to the problem with Williamson’s argument is inversely […]

A Policy Proposal That All Economic Schools of Thought Should Prefer to the Status Quo

[UPDATES in the middle and then at the end.] Once again, Nick Rowe has argued that according to the very model that Paul Krugman claims to be using–and I mean here, the full-blown model with intertemporal optimization, not the cruder IS/LM model that Krugman thinks gives surprisingly good policy recommendations, using the full-blown model as […]