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

Reforming Unemployment Insurance
People rarely stop to think about just how bizarre our unemployment insurance system actually is.
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Identifying Monetary Policy Shocks
People generally visualize monetary shocks as a univariate phenomenon, perhaps a change in the short-term interest rate, or a change in the monetary base. Up or down.
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Living On A One Dimensional Planet
In a closed economy model you can replace the exchange rate with the money supply, the price of gold, CPI futures prices, or NGDP futures prices.
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Lockdowns Are Mostly Endogenous
Roughly 99% of people think lockdowns are a restrictive Covid-19 policy. I hope to convince you that lockdowns are mostly endogenous.
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Hard Money Is Giving Us Socialism
Over the past few years, I’ve occasionally done some posts with titles like “Inflation of socialism?” It’s now clear that society has decided on socialism. So how did we get here?
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The Fed Is Unlikely To Monetize The Debt
With the recent explosive growth in the Fed’s balance sheet, there’s been a lot of misleading discussion of the Fed “monetizing the debt”.
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Latest Posts
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 (5 years 7 months)
Professor of Economics
Bentley University
1982 - 2015 (34 years)

Education

Wisconsin University
BA
Economics
Chicago University
PhD

Publications