This podcast episode features a long and winding conversation between John Papola and Scott Sumner. Scott is an economist, the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University, and the author of popular economics blog The Money Illusion.
The two take a deep dive into monetary policy and macroeconomics, framing the conversation with the current state of the COVID-19 outbreak, and the economic aftermath. They begin with the simple question of what money really is, and then take a fascinating path to more complex subjects such as interest rates, inflation, and quantitative easing.
More from our guest:
References from this episode:
1984 by George Orwell
The Midas Paradox by Scott Sumner
The Pursuit (flm)
The Money Illusion (blog)