Monday, June 23, 2014

Scott Sumner — Unpersuaded [by Piketty]


Humor.

Econlog
Unpersuaded
Scott Sumner, Professor of Economics, Bentley University

5 comments:

Dan Kervick said...

Well, that was a strange rant.

Oh, and the funniest part: Sumner wants us to believe he is "cewnter-left", when in fact he is a rabid anti-democratic wingnut.

y said...

he's not saying he's center left, he's saying that he favors a progressive consumption tax, "like many center-left economists".

But yes he is bonkers.

Detroit Dan said...

I'm amazed that anyone pays attention to Sumner.

y said...

Of course Sumners claim that taxes on capital should be zero is based on one of those absurd new classical models in which the population is assumed to be comprised of hyper-rational identical clones who can see the future.

Neil Wilson said...

Sumner is pure monetary policy only.

Mainstream is monetary policy mostly, but likes to play the fiscal 'get out of jail free' card when monetary policy fails - as it always does.

The problem is relying on monetary policy.