Scott Sumner
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Ralph G. Hawtrey Chair Emeritus of Monetary Policy
Scott Sumner is the Ralph G. Hawtrey Chair Emeritus of Monetary Policy at the Mercatus Center at George Mason University and Professor Emeritus at Bentley University. In his writing and research, Sumner specializes in monetary policy, the role of the international gold market in the Great Depression, and the history of macroeconomic thought.
Named by Foreign Policy magazine in 2012 as one of the “top 100 global thinkers,” Sumner has published papers in academic journals including the Journal of Political Economy, Economic Inquiry, and the Journal of Money, Credit and Banking. He is author of the popular economics blog The Money Illusion and a contributor to EconLog. His work has appeared in media outlets nationwide and beyond, including the New York Times, Wall Street Journal, BBC, CNBC, The Economist, Financial Times, Politico, The National Interest, and The American.
Sumner received his PhD and MA in economics from the University of Chicago and his BA in economics from the University of Wisconsin.
Latest Work
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
An Effective Monetary Policy with Nominal GDP Level Targeting
- | Monetary Policy Monetary Policy
- | Books Books
Alternative Approaches to Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on Alternative Approaches to Monetary Policy
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What Would it Mean to Abolish the Bank of Canada? | EconLib
- | Expert Commentary Expert Commentary
Adam Smith Was Right | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Is It So Difficult To Achieve a Soft Economic Landing? | The Hill
- | Expert Commentary Expert Commentary
Consumption Taxes | EconLib
- | Expert Commentary Expert Commentary
Our Hidden Taxes on Thrift | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Conflation | EconLib
- | Expert Commentary Expert Commentary
Furman and Smith on Inflation | The Money Illusion
Latest Work
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
An Effective Monetary Policy with Nominal GDP Level Targeting
- | Monetary Policy Monetary Policy
- | Books Books
Alternative Approaches to Monetary Policy
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on Alternative Approaches to Monetary Policy
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What Would it Mean to Abolish the Bank of Canada? | EconLib
- | Expert Commentary Expert Commentary
Adam Smith Was Right | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Is It So Difficult To Achieve a Soft Economic Landing? | The Hill
- | Expert Commentary Expert Commentary
Consumption Taxes | EconLib
- | Expert Commentary Expert Commentary
Our Hidden Taxes on Thrift | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Conflation | EconLib
- | Expert Commentary Expert Commentary
Furman and Smith on Inflation | The Money Illusion
Latest Work
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
An Effective Monetary Policy with Nominal GDP Level Targeting
- | Monetary Policy Monetary Policy
- | Books Books
Alternative Approaches to Monetary Policy
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
What Would Milton Friedman Say about Market Monetarism?
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
POLICY SPOTLIGHT: Average Inflation Targeting and the Benefits of Offsetting Periods of High or Low Inflation
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
The Princeton School and the Zero Lower Bound
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
A Critique of Interest Rate–Oriented Monetary Economics
- | Monetary Policy Monetary Policy
- | Research Papers Research Papers
Housing Policy, Monetary Policy, and the Great Recession
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Reforming the Fed’s Toolkit and Quantitative Easing Practices: A Plan to Achieve Level Targeting
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Currency Manipulation, Saving Manipulation, and the Current Account Balance
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on Alternative Approaches to Monetary Policy
- | TV Appearance TV Appearance
Fed Meeting | BBC World
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Monetary Policy | The Unreasonable Podcast
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on The Money Illusion
- | F. A. Hayek Program F. A. Hayek Program
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Hayek Program Podcast Hayek Program Podcast
"Money and the Rule of Law" Book Panel
- | F. A. Hayek Program F. A. Hayek Program
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Hayek Program Podcast Hayek Program Podcast
Lawrence H. White & Scott Sumner on "The Money Illusion"
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on What Milton Friedman Would Think of Monetary Policy Today
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
Scott Sumner Argues the Bernanke Fed Was Too Tight | The Bob Murphy Show
- | Radio Appearance Radio Appearance
Scott Sumner on Made in America - COVID Unemployment Benefits
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on the Princeton School of Macroeconomics and Overcoming Inflationary Fears
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What Would it Mean to Abolish the Bank of Canada? | EconLib
- | Expert Commentary Expert Commentary
Adam Smith Was Right | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Why Is It So Difficult To Achieve a Soft Economic Landing? | The Hill
- | Expert Commentary Expert Commentary
Consumption Taxes | EconLib
- | Expert Commentary Expert Commentary
Our Hidden Taxes on Thrift | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Conflation | EconLib
- | Expert Commentary Expert Commentary
Furman and Smith on Inflation | The Money Illusion
- | Expert Commentary Expert Commentary
When Should the Inflation Target be Raised? | The Money Illusion
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
What is a Low Interest Rate Policy? | The Money Illusion
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary