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
- | 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
What is Monetary Policy? | EconLib
- | Expert Commentary Expert Commentary
Is High Unemployment Inevitable? | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Policy isn’t What you Think it is | The Money Illusion
- | Expert Commentary Expert Commentary
What’s Wrong with the British Conservatives? | The Money Illusion
- | Expert Commentary Expert Commentary
Nonsensical Thoughts on the Hearings | The Money Illusion
- | Expert Commentary Expert Commentary
When Policies are not Credible | EconLib
- | Expert Commentary Expert Commentary
The Worse, The Better | The Money Illusion
- | Expert Commentary Expert Commentary
How do you Know if AD is too High? | EconLib
Latest Work
- | 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
What is Monetary Policy? | EconLib
- | Expert Commentary Expert Commentary
Is High Unemployment Inevitable? | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Policy isn’t What you Think it is | The Money Illusion
- | Expert Commentary Expert Commentary
What’s Wrong with the British Conservatives? | The Money Illusion
- | Expert Commentary Expert Commentary
Nonsensical Thoughts on the Hearings | The Money Illusion
- | Expert Commentary Expert Commentary
When Policies are not Credible | EconLib
- | Expert Commentary Expert Commentary
The Worse, The Better | The Money Illusion
- | Expert Commentary Expert Commentary
How do you Know if AD is too High? | EconLib
Latest Work
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Currency Manipulation: Reframing the Debate
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Should the Fed Pay Interest on Bank Reserves?
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
POLICY SPOTLIGHT: The Relationship between Interest Rates and Monetary Policy
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
POLICY SPOTLIGHT: How the Fed Controls Monetary Policy
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Understanding the Federal Reserve
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
How Reliable Is Modern Monetary Theory as a Guide to Policy?
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
How to Improve Fed Accountability and Transparency
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
How Prediction Markets Can Improve Monetary Policy: A Case Study
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Explaining Quantitative Easing
- | Academic & Student Programs Academic & Student Programs
- | Monetary Policy Monetary Policy
- | Research Papers Research Papers
The Promise of Nominal GDP Targeting
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on the Government’s Response to COVID-19 and the Future of Level Targeting
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on How Central Banks Should Respond to the Coronavirus Threat
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner's Unconventional Monetary Theory
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on Fed Performance since the Great Recession
- | Monetary Policy Monetary Policy
- | TV Appearance TV Appearance
Scott Sumner on CNBC's Closing Bell
- | Monetary Policy Monetary Policy
- | Mercatus Original Video Mercatus Original Video
Scott Sumner: The Story Behind "The Midas Paradox"
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Scott Sumner on *The Midas Paradox*, the Fed, and More
Latest Work
- | Expert Commentary Expert Commentary
Is High Unemployment Inevitable? | EconLib
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Monetary Policy isn’t What you Think it is | The Money Illusion
- | Expert Commentary Expert Commentary
What’s Wrong with the British Conservatives? | The Money Illusion
- | Expert Commentary Expert Commentary
Nonsensical Thoughts on the Hearings | The Money Illusion
- | Expert Commentary Expert Commentary
When Policies are not Credible | EconLib
- | Expert Commentary Expert Commentary
The Worse, The Better | The Money Illusion
- | Expert Commentary Expert Commentary
How do you Know if AD is too High? | EconLib
- | Expert Commentary Expert Commentary
China Envy | The Money Illusion
- | Expert Commentary Expert Commentary
Ends, Not Means | The Money Illusion
- | Expert Commentary Expert Commentary