Latest posts by Jesse Hathaway (see all)
- Sanders’ ‘Stop BEZOS Act’ Boosts Government — Not Workers’ Prosperity - November 1, 2018
- There’s No Time Like the Present for Tax Reform 2.0 - September 19, 2018
- Fan Ownership, Not Stadium Welfare, Would Be Best For Sports Fans and Taxpayers - April 24, 2018
In today’s episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Mercatus Center monetary policy program director and Bentley University economics professor Scott Sumner about the American stock market’s recent up-and-down volatility, the increasing threat of an international economic recession, and how our country’s centralized banking policies make the problem worse.
The first step to solving a problem is setting goals, and Sumner explains how the Federal Reserve’s lack of measurable targets and tight grip on leads to an aimless attitude towards monetary policies. Instead of the current system of centralized control, Sumner proposes creating market-based controls responsive to the so-called “wisdom of the crowds.”