The Grumpy Economist

John Cochrane's blog

Friday, November 30, 2018

Opinions change

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Source:David Brady and Mo Fiorina My Hoover colleagues David Brady and Mo Fiorina gave a recent talk updating some of their work on poll...
9 comments:
Tuesday, November 27, 2018

Financial reform video

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Capital, more capital. I did a video interview for the Chicago Booth Review , summarizing a few talks I'm giving this fall. At some p...
12 comments:
Monday, November 26, 2018

ASU forecast luncheon

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On Wed Nov 28 I will be giving a talk at the ASU Forecast Luncheon in Phoenix. Blog readers will likely be bored, as I'm going to unapo...
Sunday, November 25, 2018

Imagine what we could cure

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A WSJ oped with J J Plecs, formerly of Roam Analytics , which does a lot of health related data work. The discovery that cigarettes cause ...
9 comments:
Monday, November 19, 2018

Regulatory cost disease

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A post on Marginal Revolution is so good, I have to quote in its entirety before commenting. From my time in both the military and health...
17 comments:
Friday, November 9, 2018

Carbon Tax

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Source: Seattle Times " The carbon tax is dead; long live the carbon tax " is the headline of Tyler Cowen's Bloomberg colu...
41 comments:
Thursday, November 8, 2018

Europe's Banks

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My visit to Europe resulted in many interesting conversations. There was a stark contrast between the complex regulatory vision of formal pr...
16 comments:
Tuesday, November 6, 2018

State of thought on financial regulation

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I'm at a conference on " Financial cycles and regulation " at the Deutsche Bundesbank. Beyond the individual papers, I find th...
12 comments:
Monday, November 5, 2018

Kotlikoff on the Big Con

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In preparing some talks on the financial crisis, 10 years later, I ran across a very nice article,  The Big Con -- Reassessing the "Gre...
24 comments:
Thursday, November 1, 2018

Cross subsidies and monopolization, explained

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I found a beautiful, clear, detailed, fact-based, and devastating explanation of how forced cross-subsidies, monopolized markets, and lack o...
16 comments:
Wednesday, September 19, 2018

Supply-side health care

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The discussion over health policy rages over who will pay -- private insurance, companies, "single payer," Obamacare, VA, Medicare...
49 comments:
Monday, September 10, 2018

Dollarize Argentina

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Argentina should dollarize, says Mary Anastasia O'Grady in the Wall Street Journal  -- not a peg, not a currency board, not an IMF plan,...
48 comments:
Wednesday, September 5, 2018

Fed Nixes Narrow Bank

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A narrow bank would be a great thing. A narrow bank takes deposits, and invests 100% of the money in interest-paying reserves at the Fed. (T...
36 comments:
Tuesday, September 4, 2018

Cause, effect, and carbon

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“As fires rage up and down the state of California, costing our taxpayers billions of dollars and threatening our families’ health—- the ne...
16 comments:
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:
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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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