Sumner versus Cowen on Monetary Policy: Round 1

02/26/2015 Mises Wire Joseph T. Salerno

Over at EPJ Bob Wenzel offers an interesting take on market monetarist Scott Sumner’s dismissive critique of contrarian Tyler Cowen’s position that “monetary policy just doesn’t matter that much” during the recovery phase of the cycle. Wenzel awards the first round to Sumner in this blogospheric contretemps. We await Cowen’s response with interest.

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