Our readingWhat is a korrent?
Monetary policy operates with long and variable lags, so attempts to fine-tune the economy make things worse.
Drawn from what Scott Sumner said, then moved away from
Subjectinterest rates
What Scott Sumner actually said
- Scott Sumner · held 1 day Monetary economist known for NGDP-level targeting
No longer holdsIn the 1970s I thought monetary policy operated with long and variable lags, and thus fine-tuning would make things worse.
Added to korrents 29 Aug 2026 · How quotes work · Something wrong? Tell us
Holders over time
Do you hold this korrent?Do you also believe this?
I hold this tooRelated korrents
Shared subject first, then similar wording. They may agree or disagree.