Scott Sumner, professor, Bentley University By focusing on nominal GDP as an indicator of both economic conditions and a target of policy, the real problem with the financial crisis of 2008 was that policymakers misdiagnosed what was occurring. Market monetarism can help us better understand the underlying nature of the 2008 crisis, along with current issues in monetary policy. This event is sponsored by the Clarke Forum for Contemporary Issues and co-sponsored by the Department of International Business & Management.