Scott Sumner on Paul Krugman

“Paul Krugman was the one that said 2013 was a test of market monetarism.  He’s the one who said it was a test of whether monetary policy could offset the drag of fiscal stimulus.  And now the results are in. And what is Krugman’s response? I can’t quite tell, but it almost seems to me that he’s denying that any test took place.”

Robert McTeer is a former president of the Federal Reserve Bank of Dallas, and a former chancellor of the Texas A&M University System.

Scott Sumner, a Bentley University economist, has been described as the “eminence grise” of market monetarism. He, David Beckworth and Robert McTeer briefed congressional aides at an NCPA briefing on Capitol Hill.