A long strange trip🔒 SSL Verified

Table of Contents

• ↓ TheMoneyIllusion
• ↓ Search
• ↓ About
• ↓ Alternative Approaches to Monetary Policy
• ↓ FAQs
• ↓ Archive
• ↓ Top Alternatives to themoneyillusion.com

6-Month Traffic Trend Estimate

Official Contact & Profiles

Visual representation extracted from themoneyillusion.com

Content Snippets from themoneyillusion.com

"For readers who don’t already know this, my new blog is over at Substack:scottsumner.substack.comThis will be my final Money Illusion post. The blog began on February 2, 2009. But the events that led to the blog took place in late 2008. Indeed my life can be divided into two segments, before and after September 16, 2008. It was that specific Fed meeting that radicalized me, and which led me to create this blog.Originally, I planned to go back and review my first few posts, to see how they compare to my current views. I’ve decided to do that on September 16th, over at my new blog. That’s the 16th anniversary of a Fed meeting that Ben Bernanke later described (in his memoir) as a mistake:"

"At the end of the discussion we modified our planned statement to note market developments but also agreed, unanimously, to leave the federal funds rate unchanged at 2 percent.In retrospect, that decision was certainly a mistake. Part of the reason for our choice was lack of time—lack of time in the meeting itself, and insufficient time to judge the effects of Lehman’s collapse."

"I’m not going to thank all the people that helped me along the way, as I’m so forgetful I’d leave out lots of names. The general categories include the other market monetarists, other bloggers, my commenters, my colleagues at Bentley, and my wife and daughter (who had to sacrifice when I devoted too much time to blogging.)"

"Special thanks to Joe Weisenthal, Derek Thompson, Matt Yglesias and of course Tyler Cowen, who made September 13, 2012 the high point of my life, at least from a career perspective. And yes, the praise was excessive. (Today, that era seems a bit unreal, like another life.)"

Key Topics & Focus Areas for themoneyillusion.com:

TheMoneyIllusion

Search

About

Alternative Approaches to Monetary Policy

FAQs

Archive