Dawn Bennett, Host of Radio Show "Financial Myth Busting," Interviews Scott Sumner, Director of the Program on Monetary Policy at George Mason University
BENNETT: Scott Sumner is the Director of the Program on Monetary Policy at the Mercatus Center of George Mason University, as well as economist who teaches at Bentley University in Waltham, Massachusetts. His economic blog, The Money Illusion, popularized the idea of nominal GDP targeting which says that the Fed should target nominal GDP (real GDP growth plus the rate of inflation) to better "induce the correct level of business investment. Scott, welcome to Financial Myth Busting.
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