irwin08

Hello Prof. Sumner! Thank you very much for doing this, I am a big fan.

1. Was IOR/IOER a big deal during the recession? What were the magnitudes, in your mind, of having IOR/IOER during the recession? Did it really hold back the economy a lot, or are you simply trying to highlight bad monetary policy?

2. With regard to QE, we see some economists criticizing it, calling it ineffective, instead advocating for things like looser fiscal policy. My question is, besides expectations, in your opinion, in what way does QE work to boost Aggregate Demand? If people expected QE to not change much, would it, with enough effort be able to stimulate Aggregate Demand alone, or would it need some help from fiscal policy?(Assuming the central bank refuses to do something like a helicopter drop or negative rates.)

Thank you very much for your time.

Hello Dr. Friedman,

I was just curious what, if any disagreements you had with your father relating to economics?

Also what do you think about voting? Do you consider it worth while to vote people in that are in favour of smaller government? Or do you think there is no real point to voting? Thank you.

Why are you getting downvoted?