Evidence receipt / belief
Published · transcript-backedScott Sumner: belief
8 Jan 2025 Conversations with Tyler Scott Sumner on Monetary Rules, Blooming Late, and the Death of Cinema
“Also, in the field of economics, just seeing how policy shocks were interpreted at the time, as compared to how we think of them today — monetary policy decisions by Franklin Roosevelt and the New Deal and so on — I found that very enlightening.”
Source trail
Everything needed to verify it.
- Speaker
- Scott Sumner
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 8 Jan 2025
- Publisher
- Conversations with Tyler
Transcript context
…You think they weren’t panicked enough, or there was a high variance of being panicked? How would you describe it? I think, in the case of the rise of the Nazi Party, there was no awareness of how transformative, in a negative way, the events would be. You’d see things in the New York Times like experts expect Hitler to moderate his views as he gets closer to power, and obviously that did not occur. Also, in the field of economics, just seeing how policy shocks were interpreted at the time, as compared to how we think of them today — monetary policy decisions by Franklin Roosevelt and the New Deal and so on — I found that very enlightening. When FDR abrogates the gold clause, what was the typical response?…
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