Evidence receipt / uncertainty
Published · transcript-backedScott Sumner: uncertainty
8 Jan 2025 Conversations with Tyler Scott Sumner on Monetary Rules, Blooming Late, and the Death of Cinema
“You and I maybe aren’t in that scene. I don’t know. That’s all I could give you on that one.”
Source trail
Everything needed to verify it.
- Speaker
- Scott Sumner
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 8 Jan 2025
- Publisher
- Conversations with Tyler
Transcript context
…Maybe they are that way. We don’t know, do we? Right? You and I maybe aren’t in that scene. I don’t know. That’s all I could give you on that one. Let me ask you some questions about NGDP targeting. Now, Carl Schmitt, as you know, is an important thinker from the ’20s, and he has the famous saying — it goes something like, “The sovereign is he who decides the exception.” If that is the case, can there ever be a monetary rule at all? Whether or not it’s desirable, can we ever get discretion out of the hands of the central bank and Treasury?…
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