The Money Illusion. My new blog is over at Substack:scottsumner.substack.comThis will be my final Money Illusion post. The blog began on February 2, 2009...

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  • TheMoneyIllusion

    1. I frequently argue that the money/happiness correlations are misleading, that it is happiness causing prosperity. An expert on happiness now suggests that there is abundant evidence for that propos...

  • TheMoneyIllusion » Demystifying NeoFisherism

    James Bullard has a new paper out discussing the NeoFisherian perspective on interest rates.  According to the NeoFisherian view, holding interest rates at a low level for a long period of time will l...

  • TheMoneyIllusion » The Keynesian blind spot

    I've seen recent signs that the gap between Keynesians and market monetarists is narrowing.  David Beckworth reached out to fiscal advocates in a recent post, and Ryan Avent also tried to bridge the g...

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