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Lawrence White & Scott Sumner on "The Money Illusion"

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Manage episode 301781832 series 1181635
Content provided by Melody McDonald and F.A. Hayek Program for Advanced Study in Philosophy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Melody McDonald and F.A. Hayek Program for Advanced Study in Philosophy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? On this episode of the Hayek Program Podcast, Scott Sumner and Lawrence White engage with this question as part of a broader discussion of Sumner's new book, "The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy." As part of the discussion, Sumner and White address the 2008 crisis in the context of fundamental questions regarding what type of monetary framework provides the best environment for a flourishing market economy. The pair address the use of tools such as nominal GDP targeting to foster this enviornment and consider the school of thought known as "market monetarism," for which Sumner is a leading advocate. CC Music: Twisterium
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183 episodes

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Manage episode 301781832 series 1181635
Content provided by Melody McDonald and F.A. Hayek Program for Advanced Study in Philosophy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Melody McDonald and F.A. Hayek Program for Advanced Study in Philosophy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? On this episode of the Hayek Program Podcast, Scott Sumner and Lawrence White engage with this question as part of a broader discussion of Sumner's new book, "The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy." As part of the discussion, Sumner and White address the 2008 crisis in the context of fundamental questions regarding what type of monetary framework provides the best environment for a flourishing market economy. The pair address the use of tools such as nominal GDP targeting to foster this enviornment and consider the school of thought known as "market monetarism," for which Sumner is a leading advocate. CC Music: Twisterium
  continue reading

183 episodes

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