The Obscure Blogger Who Reversed the Recession
Jun 30, 2016
Scott Sumner is a monetary economist who studies the Great Depression and runs the blog The Money Illusion. He also used his knowledge 20th century economics to help fix the 2007-2009 recession. “Most of the discussion was missing the point,” Sumner says in this film by Ian Reid. “Other economists were looking at interest rates. They assumed money was easy. But commodity prices, stock prices, real estate prices, every other asset market was signaling money was too tight.”
This film was produced by Distant Moon and the Mercatus Center at George Mason University.
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Author: Jaclyn Skurie
About This Series
A showcase of short films curated by The Atlantic