Scott Sumner

Archive for Scott Sumner

I Was Writing About the Natural Rate of Interest Before It Was Cool

As Free Advice readers know, I have had my differences with Scott Sumner. But in a recent exchange he told me: “I’d encourage you to brush up on the Wicksellian theory of interest rates, it might help you to better understand my argument.” More generally, it seems that all the cool bloggers are talking about […]

The Two Faces of Scott Sumner

I don’t know if Scott Sumner’s world view contained contradictions all along and I am just recently noticing them, or if he decided to punt on most of his original views and focus on “we need more inflation” to not muddy the waters. In any event, Scott used to lecture people when they thought about […]

Potpourri

==> Tyler Cowen links to this funny story. They should print up EIN buttons. (Exorcise Inflation Now) ==> Peter Schiff on the death of his father, Irwin. ==> I call a blogging foul on Scott Sumner. Ray Lopez applauds me. (I promise I’m not Ray.)

What Evidence for Market Monetarism Sumner Giveth, Sumner Taketh Away

There’s no way I can condense the argument down to a few excerpts. In order for you to understand my point here, you’re going to have to roll up your sleeves and read Scott Sumner’s whole post, in which he presents two different lines of evidence to argue that “real” shocks don’t cause unemployment while […]

Trolling, Trolling, Trolling Down the River

Largely because I’m technologically impaired, I don’t follow a large number of blogs. So even if I zing a certain blogger regularly, he should feel flattered. In that light, I offer the following two items: ==> I was mostly being a smart aleck when I pointed out that Scott Sumner was being Krugman-esque when he […]

Potpourri

==> If you were bothered by my pontifications on the Ahmed clock case, don’t read Gene Callahan. ==> Richard Ebeling doesn’t view low interest rates as tonic for an ailing economy. ==> ZeroHedge on Mark Spitznagel–we ain’t seen nothin yet. (Sung to the tune of Sinatra’s, “The Worst Is Yet to Come.”) ==> Ben Powell […]

Scott Sumner, the Dr. Who of Economics Blogging

On EconLog he recently had a post entitled, “Recessions often begin before the thing that caused them occurs.” Now that is a deliberately provocative title, but I understand what he means and in principle I could agree with him (though not in the particulars of his post). However, today at his blog Scott writes: “I […]

One Last One on Sumner vs. Murphy

I am really going to drop it after this, partly because we have devolved into metal chair bashing, and partly because I plan on doing some technical papers while at Texas Tech, and Scott may be one of the few bloggers who appreciates them… Anyway, in this post Scott first lectures me on how the […]