Dropping Money from Helicopters: Economist John Cochrane on Inflation
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Published 2023-02-28
John Cochrane is the Rose-Marie and Jack Anderson Senior Fellow in Economics at the Hoover Institution and the author of a new book, The Fiscal Theory of the Price Level. In this wide-ranging conversation, Cochrane discusses the root causes of inflation, what we can (and can’t) do about it, the economists who influenced his thinking, and how his father inspired him to become an academic.
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All Comments (21)
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We need more crossover episodes of Uncommon Knowledge. John Cochrane and Stephen Kotkin on the Soviet economy, and the Chinese Economy
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Great to see John getting his own interview ❤
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The best part is at 1:16. If you’re using the Maxwell equations as a foundation, you have the tools to understand the problem. Once you figure out that in a fiat world, currency = debt, the model fits like a glove. Economists should understand physics before they’re let loose on finance.
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YouTube is the greatest information platform EVER
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John is my pick of the goodfellows. He bridges gaps, calls out nonsense, and champions basic values. It has been an absolute pleasure to follow along.
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Given all the new information and theory I picked up, this is the best hour and 15 minute lecture on economics I’ve ever heard.
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Excellent interview. Prof, Cochranes' intelligence plus his personality and vitality, plus Robinsons interview style create an informed and intelligent interview. Thank you Hoover Institute.
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Excellent video as always. I love this channel. Thanks a million for all the uncommon knowledge you Mr. Robinson for bringing to us. Thanks to all the brilliant professors and scholars guests.
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This is about as good as it gets when discussing the paradoxes that exist in the world of economics and finance. Great discussion, John is a gifted speaker of the complex.
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Thank you very much, Peter, for your great interviews. You are intelligent, considerate and a great listener. Thanks to John for all his contributions to educating us about economic practices and policies. I look forward to listening to the Hoover institution podcasts. Stay well and enjoy your day 🙂
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Get this man on the Council of Economic Advisers.
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Another GREAT interview! I have learned more from this interview than I thought I would ever understand about economics. Uncommon Knowledge, and Good Fellows, are the best programs on the internet, at least that I have ever found. thank you very much!!!
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Woooooowwwwwwwwwwwwww!! Excellent item Peter. Thanks !!! This is what we have been waiting for!!! ❤❤❤❤❤❤❤❤❤ Love John. He is so smart and acerbic - it’s a joy to hear him
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I’m listening closely…and I still don’t understand. 😂 I’m actually not a dumb person, but my goodness, this is either so revolutionary or so brilliant that I can’t really keep up. Going to listen a second time at some point just in hopes to get it. I have long believed that Hayek was right, Keynes was wrong, and we made poor choices in 2008 (worse ones in 2020) in giving money away. But what the heck do I know? Clearly nothing. Thanks for at least letting a dummy like me listen in.
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Never a dull moment with John.
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Brilliantly presented arguments by John.
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thx... hoover for uploading same..... thx.. john for all your work....
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Thanks both of you👍
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Finally...Finally! Finally...There is a 2nd Uncommon Knowledge Interview with John H Cochrane about one of the most interesting topics of macroeconomics there is...inflation.
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I learned a great deal from this interview. I also have to love an economist who appreciates Reagan! Finally, Mr Cochran articulated that he shares my kind of intelligence, which is not the kind that carries everything one has learned "ready when needed," but instead constantly synthesizes new data to adjust one's theories. Thank you!
