Scott Sumner, research associate on monetary policy at the Mercatus Center, joins Erik on this episode.They discuss:- What the US has done well and what it has not done well when it comes to fiscal and monetary policy.- Why there has been a reversal of thinking on inflation between now and decades ago, and his thinking about dealing with inflation.- Other tools that are available to influence the economy beyond interest rates.- His thinking on modern monetary theory.- The future of the economy with social distancing and high unemployment.- The current debates within the Fed on monetary policy.Applications for the summer vintage of our Network Catalyst accelerator are now open! The early decision deadline is May 15th and final deadline is June 5th. Learn more and apply today at www.villageglobal.vc/network-catalyst.Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.