John Cochrane provides a critical examination of Modern Monetary Theory — and explains why an innovative financial instrument known as a perpetual bond may improve America’s ability to manage its debt load.

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John Cochrane analyzes the difficulties of reopening the American economy with restrictive new protocols, argues that the enthusiasm for bringing industry back from China is overwrought, and warns that the risk of future inflation is real.

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John Cochrane looks at the prospects that we’ll successfully reopen the economy without setting off another round of coronavirus outbreaks, explains what’s behind the models that got the virus’s trajectory so wrong, and explains how emergency economic measures could come back to haunt us in the future.

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John Cochrane looks at how the coronavirus pandemic may alter American higher education, both in 2020 and beyond.

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John Cochrane looks at the economic and public health complications that will arise from trying to restart the American economy in the wake of COVID-19

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John Cochrane discusses the fertile middle ground between a complete shutdown of the American economy and a premature return to business as normal.

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John Cochrane describes the kind of economic policies that can help America return to normal — and the kind that could impede a recovery.

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John Cochrane explains how to contain the economic fallout from the Coronavirus while avoiding fiscal profligacy — and explains how to insulate markets from similar disruptions in the future.

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John Cochrane examines the government’s role in housing, from restricting development to subsidizing low-income options to giving preferential treatment to homeowners. The good news? Some of the more extreme distortions are generating a backlash that may lead to more affordable housing in the not-too-distant future.

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John Cochrane looks at the many economic dimensions of the coronavirus pandemic, from the Federal Reserve’s rate cut to proposed stimulus measures to the possible need for bailouts.

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In the inaugural installment of The Grumpy Economist podcast, John Cochrane explains why concerns over economic inequality in America are vastly overblown, why a wealth tax is an especially pernicious form of taxation, and why anxiety over the super-rich playing a disproportionate role in American politics are misplaced.

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