Scott Sumner

EconomistModernb. 1955· American

Economist who founded market monetarism and made nominal GDP level targeting a live option in the Fed framework debate, a rule that ties policy to a public target instead of committee discretion. He taught at Bentley University for 33 years and built the monetary policy program at the Mercatus Center. His books include The Midas Paradox and The Money Illusion, and he writes at The Pursuit of Happiness on Substack.