Chair of Monetary Policy
Contributor's Links: The Money Illusion

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University.  He is also Professor Emeritus at Bentley University and Research Fellow at the Independent Institute. In his writing and research, Sumner specializes in monetary policy, the ... more

ALL CONTRIBUTIONS

Arnold Kling On Monetary And Fiscal Policy
If you add more T-bills to the economy than people want to hold, they can drive down the price of T-bills, with no change in the price level.
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About Those "Bond Vigilantes"
In order to prevent inflation from occurring, the government must stop engaging in inflationary policies. Bond vigilantes won’t solve the problem.
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The Two China Policies
There has been some migration to southern China, but nowhere near enough to fully explain this divergence. The southern provinces really have done better, even in per capita terms.
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When Is Fiscal Stimulus Appropriate?
The US is doing much more fiscal stimulus than other big economies during the Covid crisis, even as a share of GDP.
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Free Trade And Free Labor Markets
Economists typically evaluate issues from both an equity and an efficiency perspective. Many economists favor policies that maximize efficiency, combined with some redistribution to compensate the losers.
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Expansionary Monetary Policy Causes Recessions
The Fed’s gradually building credibility behind its 2% AIT.
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PERSONAL BLOG

Latest Posts
Pandering To The Public's Ignorance
Andrew Gelman has a post discussing a website called “Panda”, which provides a wealth of misinformation about Covid-19. What makes the site of interest is that its board contains some pretty big names.
Trump Didn’t Want An Investigation, He Wanted An “investigation”
I’m rather discouraged by the fact that so many people seem to accept at face value that Trump wanted the Ukraine to investigate Biden.
The Sad Decline Of American Democracy
Yes, lots of horrible things are also occurring in China, but Americans really do need to look in the mirror.

Work Experience

Ralph G. Hawtrey Chair of Monetary Policy
Mercatus Center at George Mason University​
2015 - Present (6 years 4 months)
Professor of Economics
Bentley University
1982 - 2015 (33 years 8 months)

Education

Wisconsin University
BA
Economics
Chicago University
PhD

Publications