#34 - John Cochrane, The Return

The Narrative Monopoly

A second conversation with economist John Cochrane

Bio

John Cochrane is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University and the author of The Grumpy Economist Blog. Before that John was a Distinguished Senior Fellow of the University of Chicago Booth School of Business, he’s taught both MBA and PhD programs. And a fellow of the Becker-Friedman Institute, a Research Associate of the National Bureau of Economic Research. He is a past President and Fellow of the American Finance Association, and a Fellow of the Econometric Society. He’s served as the editor of numerous economics journals. He earned a Bachelor’s degree in Physics at MIT, and earned his Ph.D. in Economics at the University of California at Berkeley.

Times

• 0:00 - Intro
• 1:15 - Inflation, supply chain crisis & labor market shortages
• 16:15 - Weird economic signals, looming recession?
• 20:30 - Administrative state + government competence
• 28:30 - Climate change
• 37:30 - The media & censorship
• 43:45 - Bitcoin
• 50:00 - Central banks digital currencies
• 1:00:30 - Government’s role in money
• 1:07:00 - The relationship between debt & inflation
• 1:19:00 - Stanford Free Speech / University of Austin
• 1:33:00 - Nobel prize / institutional failure — rebuild or build anew?

Links

The Grumpy Economist blog

GoodFellows podcast

narrativemonopoly.com