Professor of Economics Scott Sumner warns consumers that, although prices may seem attractively low during a time of economic deflation, it can hurt them more than it helps them by weakening the overall economy.
Professor of Economics and well-known monetary blogger Scott Sumner, is highlighted by New York Times reporter David Leonhardt as a "big-name economist" and addresses how the Fed should aid the US economy.
Washington Examiner: Professor of Economics Scott Sumner discusses the realities of inflation in An Inflation Nightmare? Time to Wake Up. Also picked up on TownHall.com, NewsOK (Oklahoma), Akron Beacon Journal (Ohio), and the National Center for Policy Analysis. May 11, 2011