The Grumpy Economist

John Cochrane's blog

Thursday, March 25, 2021

Inflation options?

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  From Torsten Slok at Apollo. Torsten explains Current pricing for caps and floors shows that the market sees a 30% probability that inflat...
38 comments:
Wednesday, March 24, 2021

Defining inequality so it can't be fixed

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In one of their series of excellent WSJ essays, Phil Gramm and John Early notice  that conventional income inequality numbers report the dis...
38 comments:
Thursday, March 18, 2021

Testimony on financial regulation and climate change

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Update : An expanded and improved version of this post is at city journal , or here (pdf on my webpage )  I had the honor of testifying at t...
20 comments:
Wednesday, March 17, 2021

Back to the 60s.

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Marginal revolution links to a great read on contemporary macroeconomics from J.W. Mason . It's mostly wrong, I think, but very thought...
77 comments:
Thursday, March 11, 2021

Hoover Economic Policy seminar online

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The Hoover Economic Policy working group seminars are now online for anyone who is interested. Follow the link and click "news and even...
19 comments:

Paper, silver, deficits and inflation -- Chinese history version

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A history of paper money and inflation in China, from Edward Chancellor's Wall Street Journal review of Jin Xu's Empire of Silver. ...
16 comments:
Wednesday, March 10, 2021

Woke wars good and bad news

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R.A. Fisher, famous statistician,  is canceled  by Cambridge University, along with a pretty nice stained glass window Bari Weiss has  a tre...
27 comments:

A conversation with Tyler Cowen

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Conversation with Tyler podcast interview. Perhaps predictably, the most challenging interview / podcast I've ever done. Video here   a...
6 comments:

Inflation outlook at NRO. 1970s all over again?

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Essay on monetary policy in National Review Online .  Short version: The Fed's monetary policy has returned to the intellectual framewor...
20 comments:
Tuesday, March 9, 2021

Hope at the NYT: Douthat on cancel culture

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Ross Douthat in the New York Times doubts that canceling Dr. Seuss is a good idea. That this essay made it in to the Times, of all places,...
19 comments:
Monday, March 8, 2021

Pay toilets and NYT: a free market microcosm

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Nicholas Kristof in Sunday's New York Times asks a pressing -- often quite pressing -- question. Why are there no public toilets in Ame...
47 comments:
Friday, March 5, 2021

GoodFellows interview with Ayaan Hrsi Ali

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I learned a lot. The book is very interesting. Direct link in case the following embeds don't work.    
1 comment:

What about work or starve?

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 A young correspondent posed the following question:  I was wanting to know your opinion on the “work or starve” argument often made my left...
32 comments:
Thursday, March 4, 2021

Europe productivity -- and US too

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    Source  Stephan Schubert Source: Chad Jones "straight out of the Penn World Tables, and I first learned about it from Lee Ohanian a...
25 comments:
Wednesday, March 3, 2021

The puzzle of Europe

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Here are two unsettling slides I made for a talk. Here is GDP per capita in US, UK, France and Italy and China (2020 dollars, source world b...
78 comments:

Goodman on single payer

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With the current focus on "equity" and "disadvantage," even in the midst of a pandemic, one might yearn for the simplici...
24 comments:
Sunday, February 28, 2021

r < g

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r<g is an essay on the question whether r<g means the government can borrow and not worry about repaying debts. No.  Abstract: A si...
31 comments:
Saturday, February 27, 2021

Fiscal theory of the price level draft

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The Fiscal Theory of the Price Level  is a book I'm writing on that topic. It now has a full draft, here .  Comments, typos, suggestions...
23 comments:
Monday, February 22, 2021

Econtalk on virus

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About a month ago, Russ Roberts and I had a great conversation about virus, vaccine, and tests for the Econ Talk podcast, and the free marke...
6 comments:
Thursday, February 18, 2021

Lipson on basic decency

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Why are people gloating over Rush Limbaugh’s death?  Charles Lipson writes   The gloating over Rush Limbaugh’s death ought to shock the cons...
73 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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