The Grumpy Economist

John Cochrane's blog

Wednesday, August 29, 2018

The Tax-and-Spend Health-Care Solution

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A Wall Street Journal Oped, From July 29 2018. Now that 30 days have passed, I can post the whole thing. The Tax-and-Spend Health-Care So...
14 comments:
Monday, August 27, 2018

Post-Apocalyptic Health Care

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Post-apocalyptic life in American health care is a fantastic blog post on the state of American health care and insurance. (HT Marginal Rev...
22 comments:
Thursday, August 23, 2018

Modigliani-Miller theorem repealed, reports PBS

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Link here.   In case you don't get it, see previous posts on buybacks here  and here , that explain how buybacks do not affect sha...
14 comments:
Thursday, August 16, 2018

Options on health insurance

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Alex M. Azar, U.S. secretary of health and human services, published an interesting OpEd in the Washington Post , describing a clever health...
33 comments:
Monday, August 13, 2018

Trade uncertainty and investment

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My colleague Steve Davis has a nice post quantifying economic uncertainty due to the trade war, and its emerging impact on investment. St...
5 comments:

Intellectual property and China

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Let's transfer more technology to China , writes Scott Sumner, with approving comments from Don Boudreaux . They're exactly right, s...
22 comments:
Sunday, August 12, 2018

Lira Crash

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No, a currency board won't save the Lira, contra Steve Hanke's oped in the Wall Street Journal . Steve: Turkey should adopt a curr...
21 comments:
Saturday, August 11, 2018

Links: trade, housing, taxes

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Three interesting links caught my attention today: 1)  Prefab housing in Berkeley  and Alex Tabarrok Commentary on Marginal Revolution . ...
17 comments:
Wednesday, August 8, 2018

Free Trade or Managed Mercantilism

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Mary Anastasia O'Grady's WSJ coverage of Nafta talks included the following tidbit auto-sector “rules of origin,” which dictate h...
18 comments:
Monday, August 6, 2018

Who will pay unfunded state pensions?

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Homeowners. So says a nice WSJ op-ed by Rob Arnott and Lisa Meulbroek , and a proposal by Chicago Fed Economists Thomas Haasl, Rick Matton,...
40 comments:
Friday, August 3, 2018

Saving rate doubles

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The BEA just revised the personal saving rate, and doubled it. Source: Wall Street Journal To commenters bemoaning the low and decl...
9 comments:
Wednesday, August 1, 2018

The conversation

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A few pieces I read over the last few days juxtapose nicely on the state of America today. On Saturday, Orrin Hatch, writing in the Wall S...
45 comments:
Tuesday, July 31, 2018

Trade War 1914

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The analogy between our looming trade war and August 1914, when events quickly spun out of control, led to this opinion essay at thehill.com...
24 comments:
Sunday, July 29, 2018

Single payer sympathy?

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A July 30 2018 Op-Ed in the  Wall Street Journal , titled "The tax and spend health care solution" Why is paying for health care...
47 comments:
Friday, July 27, 2018

Trade war off?

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Events move quickly in the Trump era. Since my last post , President Trump met with European Commission President Jean-Claude Juncker and an...
7 comments:
Wednesday, July 25, 2018

Trade War

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I am encouraged by the reported Senate reaction ( Politico ) to the latest salvo in the trade war, the agriculture department's announce...
28 comments:
Tuesday, July 24, 2018

Shorter Papers

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Ben Leubsdorf at the WSJ does a great job of covering the discussion within economics over too-long papers, picky editing and refereeing, a...
6 comments:
Friday, July 20, 2018

Nobel Symposium on Money and Banking Day 2

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Day 2 of the Nobel Symposium on Money and Banking focused on monetary policy. (My last post covered Day 1 on banking.) Bernanke Sadl...
10 comments:
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About Me and This Blog

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John H. Cochrane
This is a blog of news, views, and commentary, from a humorous free-market point of view. After one too many rants at the dinner table, my kids called me "the grumpy economist," and hence this blog and its title. In real life I'm a Senior Fellow of the Hoover Institution at Stanford. I was formerly a professor at the University of Chicago Booth School of Business. I'm also an adjunct scholar of the Cato Institute. I'm not really grumpy by the way! Any opinions I express are mine alone and do not represent the position of the Hoover Institution or Stanford University.
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