Undertone Scott Sumner
10 snips
Nov 30, 2023 In this podcast, Scott and the host discuss a range of interesting topics including film, literature, asset bubbles, monetary policy, the impact of pessimism on art, the importance of nominal GDP in monetary policy, and the resistance to implementing NgDP targeting. They also touch on subjects like the meaning of jobs, behavioral vs classical economics, and technology's impact on productivity.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
Philosophy, Economics, and Metaphors
02:33 • 25min
The Pursuit of Happiness and Anticipation of Future Happiness
27:26 • 2min
Exploring the Boundary between Classical Economics and Behavioral Economics
28:56 • 5min
Analyzing Asset Bubbles and the Bubble Hypothesis
34:17 • 6min
The Importance of Nominal GDP in Monetary Policy
39:54 • 8min
Exploring the Resistance to Implementing NgDP Targeting
48:09 • 24min