Archive - The Grumpy Economist

How to turn a price shock into inflation

A friend in Greece sends this article on how to deal with high energy prices.

Mar 19 • John H. Cochrane

Smith and Jefferson at 250

Last week was the 250th anniversary of the Wealth of Nations. For the Hoover “weekly rants” I looked up what must be the top two Smith quotes:

Mar 17 • John H. Cochrane

I’ve had a running debate with some colleagues over the economic consequences of the war.

Mar 15 • John H. Cochrane

Friday, I had the pleasure of attending the NBER Economic Fluctuations and Growth meeting at the San Francisco Fed, organized by Luigi Bocola and Linda…

Mar 2 • John H. Cochrane

February 2026

Does History Rhyme?

Update on a graph I’ve been following for a few years, most recently last year, this one courtesy of Niall Ferguson.

Feb 26 • John H. Cochrane

I recently tried refine, an AI tool for refining academic articles, developed by Yann Calvó López and Ben Golub.

Feb 24 • John H. Cochrane

A new Fed-Treasury Accord?

A reporter asked me about a new Fed-Treasury Accord, referencing articles in Bloomberg and Forbes about Kevin Warsh’s comments.

Feb 17 • John H. Cochrane

What happened in the great tussle for Fed independence in 1951, and what lessons does that have for today?

Feb 16 • John H. Cochrane

I just posted a draft of a short book with this title (click on the link for the book draft), resulting from the Karl Brunner Lecture I gave last fall.

Feb 13 • John H. Cochrane

Big Picture Asset Pricing

This is a keynote talk I gave at the Global Banking and Finance Conference - XLRI Delhi NCR 2026.

Feb 12 • John H. Cochrane

Misplaced Nostalgia

This short article appeared in the Coolidge Review, where it is much more nicely formatted.

Feb 11 • John H. Cochrane

Balancing the Budget, P.J. O'Rourke

It’s so hard, everyone says.

Feb 4 • John H. Cochrane

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