Gettin’ Grumpy with It: John Cochrane on the Fed, Tariffs, and Why Dogs Rule | GoodFellows

What happens when the stars align for a macroeconomist — publishing a lengthy tome on monetary policy just as inflation runs rampant? John Cochrane, the Hoover Institution’s Rose-Marie and Jack Anderson Senior Fellow and the author of The Fiscal Theory of Price Level (2023), discusses misconceptions around how the Federal Reserve goes about its business; why economic policy factors into the great-power competition with China; his fascination with Calvin Coolidge; plus why (in John’s opinion) Portuguese Water Dogs are the kings of all canines.

The Fiscal Theory of Price Level

ABOUT THE SERIES

GoodFellows, a Hoover Institution broadcast, features senior fellows John Cochrane, Niall Ferguson, and H.R. McMaster discussing the social, economic, and geostrategic ramifications of this changed world. They can’t banter over lunch these days, but they continue their spirited conversation online about what comes next, as we look forward to an end to the crisis.

The opinions expressed on this channel are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.

© 2024 by the Board of Trustees of Leland Stanford Junior University.

🔔 Subscribe for more discussions: @HooverInstitution
👍 Like and share this video!

🌐 Follow us on social media:

[freespirit]

Much enjoyed. Like the voice, but get well soon, Mr Cochrane, and thanks for making the effort! Greetings from the UK.

[shmachable]

This episode was a great example of all the things I love about what John brings to the Goodfellows. Insightful, self deprecating, realistic, and as an added bonus we have the same favorite breed of dog. How fun!

[stevehosier]

The "Good spirited debate" is precious - thank you!

[Ralph]

My admiration for Professor Cochrane has grown so much over the Goodfellows years. Never knew he started with the study of Physics!

[jonswire-thompson]

Love your analysis simplifying complex issues John Cochrane. Great balance. Important voice in the wonderful Good Fellows.

[taleiran]

What a fantastic show!
Would you consider adding a series of 1-1 conversations with the other Goodfellows, certainly not instead of the regular insightful discussions

[karenhuebner]

Such an interesting man with many good thoughts for me to reflect on. I always enjoy these podcasts.

[RN-loxc]

This podcast is a gift to society — it needs to be consumed much more widely. Get well soon John!

[sashmartin]

Nice episode! Thank you Mr. Cochrane, hope you feel better soon.

[mikegray]

Good to hear more from John, who - if not the “silent Beatle” - is often the outnumbered one.
Seems like a really nice chap, and, despite the regular leg-pull from Niall, is very entertaining to listen to.

[kenithandry]

I always enjoy, and learn from these discussions.

[paddycoleman]

John comes across as such a lovely fellow. He is obviously extremely intelligent but so modest. Love the way John explains complex issues in ways the rest of us can understand.

[MBBurchette]

Love the “History of Rome” plug, an epic and quite humorous retelling of Roman history.

[garbonomics]

Looking forward to that new book! As always I appreciate learning something new. 👍

[davidkiefer]

Great plug for “THoR” podcast. Mike Duncan is a great creator, and podcaster to make history available to us who missed it previously.

[laurelsternberg]

Very enjoyable. Thanks to you both, from central Israel.

[jackpeaches]

Thanks guys, really love Hoover Institution programs. Ditto on History of Rome podcast

[ayojump]

Love the late night FM DJ voice. Insightful episode as ever. Get well soon!

[btvndjo]

Really enjoyed the presentation. I wish I had studied some of the basics of economics!

[campbellpaul]

Wish you a very speedy recovery, Mr. Cochrane 🙏