The Grumpy Economist

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September 2024

AI, Society, and Democracy: Just Relax
(This is an essay I wrote for The Digitalist Papers. My essay is here at that website.
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John H. Cochrane
25
Are bonds hedges or risky opportunities?
(I wrote this essay for a talk at the Fiduciary Investors Symposium at Stanford Thursday September 19 2024.
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John H. Cochrane
9
Do higher interest rates raise the exchange rate?
This post follows my previous post, on whether and how higher interest rates lower inflation.
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John H. Cochrane
6
Monetary ignorance, monetary transmission, and a great time for macroeconomics
What do we really know about how (if) higher interest rates reduce inflation?
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John H. Cochrane
46

August 2024

Back to sleep
This is an advertisement for a five-part blog post by my wife, Elizabeth Fama.
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John H. Cochrane
21
Praise for Price-Gouging
Kamala Harris’ policy speech on Friday seems to have ignited a debate about “price gouging,” and what the government should do about it.
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John H. Cochrane
58
Opportunity and lower costs
In her Friday Aug 16 speech, VP Harris offered admirable goals: “opportunity” and “lowering costs.” Opportunity is the antithesis of “equity,” and was a…
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John H. Cochrane
162
Diocletian v. Harris part 3.
As I pointed out in the beginning, blaming greed, price-gouging, speculators, hoarders, monopolists, middlemen, and other witches for inflation goes…
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John H. Cochrane
26
Diocletian v. Harris Part 2, Price Controls
Diocletian’s price control list, where I started down this rabbit hole, is fascinating.
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John H. Cochrane
8
Diocletian and Harris on Inflation and Price-Gouging, part 1
Kamala Harris is going to make a major economic speech on Friday.
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John H. Cochrane
13
Thoughts on the crash
So what happened, and what does it mean?
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John H. Cochrane
24
© 2024 John H. Cochrane
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