The Grumpy Economist

John Cochrane's blog

Monday, December 31, 2018

Volatility

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An essay at The Hill on what to make of market volatility: What’s causing the big drop in the stock market, and the bout of enormous volat...
5 comments:
Sunday, December 30, 2018

Sumner on teaching economics

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Scott Sumner has a terrific post on teaching economics . (HT Marginal Revolution) The core ideas of economics are extremely counterintuiti...
22 comments:
Saturday, December 29, 2018

Homeless

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Christopher Rufo at the New York Post has an interesting article on homeless problems in Seattle. The analysis rings true of many other are...
13 comments:
Wednesday, December 26, 2018

Imagine what we could cure -- full oped

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A  WSJ oped  with J J Plecs, formerly of  Roam Analytics , which does a lot of health related data work. This is the full oped now that 30 d...
6 comments:
Thursday, December 13, 2018

Series on recession and financial crisis

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Over the last few weeks we have had a series of discussions at Hoover on the 10th anniversary of the financial crisis and recession. Th...
8 comments:
Friday, December 7, 2018

Canadian Debt

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Corey Garriott, Sophie Lefebvre, Guillaume Nolin, Francisco Rivadeneyra and Adrian Walton at the Bank of Canada have issued a thoughtful and...
12 comments:
Thursday, December 6, 2018

Brexit and democracy

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Tyler Cowen has a very interesting Bloomberg column on Brexit . Essentially, he views the UK getting this right -- which I agree it does not...
13 comments:

Canadian non-QE

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Friday at Hoover we will have a series of events reexamining the lessons of the financial crisis and recession. (There is a public event her...
10 comments:
Wednesday, December 5, 2018

Taylor on China and Trade and Ideas

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Tim Taylor, also reviewing Summers on China , makes a few excellent points. Growth comes from within. Trade is not conquest. The formula...
8 comments:
Tuesday, December 4, 2018

Summers on China

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(Continues from my last post on China trade ) Larry Summers has a good  Financial Times oped  on the same subject, titled "Washingto...
11 comments:

Flowers not tariffs

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I wrote a little commentary on trade for The Hill, which they titled " The US should give China Flowers not Tariffs ." Chocolates ...
10 comments:
Monday, December 3, 2018

Financing innovation

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I went to the Financing of Innovation summit at Stanford GSB last Thursday. (Sorry, I can't seem to find a full program online.) Here i...
6 comments:
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:
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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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