Micah Erfan
@micaherfan·50.7K subscribers·998 videos
What caused the Great Recession: A discussion of ‘The Money Illusion’ | LIVE STREAM
Posted
November 9, 2021
Views
1,378
Likes
33
Comments
2
Engagement
November 9, 2021
1,378
33
2
2.54%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:30:11Now PlayingIn his new book, “The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy” (University of Chicago Press, 2021), Scott Sumner of the Mercatus Center explains that data such as interest and inflation rates can be easily misconstrued when used to guide monetary policy.
Data misinterpretations can explain why many central banks make mistakes. For example, Dr. Sumner rejects the view that stimulative monetary policy caused the housing bubble and Great Recession, attributing it instead to overly tight monetary policy. His ideas have spawned a promising new school of thought — “market monetarism” — an economic construct that melds key ideas from monetarism, rational expectations, “new Keynesian” thinking, and efficient-market theory.
Please join AEI as Dr. Sumner and a panel of experts discuss his new book.
Subscribe to AEI's YouTube Channel
Like us on Facebook
Follow us on Twitter
For more information
Photos marked "BY" are used under Creative Commons Attribution License
Photos marked “BYNC” are used under Creative Commons AttributionNonCommercial license
Third-party photos, graphics, and/or video clips in this video may have been cropped or reframed. Third-party photos, graphics, video clips, and/or music may have been edited in a way that does not alter the meaning of the third-party work(s). Music in this video may have been recut from its original arrangement and timing.
In the event this video uses Creative Commons assets: If not noted in the description, titles for Creative Commons assets used in this video can be found at the link provided after each asset.
The use of third-party photos, graphics, video clips, and/or music in this video does not constitute an endorsement from the artists and producers licensing those materials.
AEI operates independently of any political party and does not take institutional positions on any issues. AEI scholars, fellows, and their guests frequently take positions on policy and other issues. When they do, they speak for themselves and not for AEI or its trustees or other scholars or employees.
More information on AEI research integrity can be found here
#aei #news #politics #government #education #livestream #live #economics #recession #inflation #banks
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
