Scott Sumner, Bentley University - What Can Asset Prices Tell Us About The Great Recession?

[Scientisticsoviet]

I need to ask: Did not the innovation in financial markets, if not cause, accelerate the collapse?

[ianlippert]

Print money, let people speculate in the NGDP futures market, NGDP futures market tells us (surprise!) to expect higher NGDP and therefore to print more money! Rinse and repeat as we jump on the hyperinflation express.

[utubesqueeze]

Buy gold, that is all.

[ljl10]

sumner schools yall. evidence > vague assertions about "fanning flames" / malinvestment / hyperinflation or something.

[LCTesla]

how can anyone expect to make money on these NGDP future markets if the Fed commits to rigging the outcome on them ad-hoc..?

[AussieAustrianBlog]

EMH - plain wrong.

[hayekian]

this is complete nonsense.

[justinx0r]

@hayekian I hope you realize Hayek supported the Fed targeting nominal GDP and that Scott Sumner was influenced by it