The Grumpy Economist

Balancing the Budget, P.J. O'Rourke

It’s so hard, everyone says.

Feb 4 • John H. Cochrane

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Trump on Tariffs and Investment

President Trump published an op-ed in the Wall Street Journal on Jan 30.

Feb 3 • John H. Cochrane

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IEA Interview on economic policy

I did this interview with Tom Clougherty while visiting the Institute of Economic Affairs in London last September.

Feb 2 • John H. Cochrane

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December 2025

November 2025

Trump and monetary policy: Full Oped

This is a WSJ oped that I can now publish in its entirety.

Nov 23, 2025 • John H. Cochrane

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Brazilian Inflation and Disinflation

Last week I read a nice capsule history of Brazilian inflation, by Pedro Carvalho.

Nov 22, 2025 • John H. Cochrane

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Price Control Apologia

My colleague and friend Neale Mahoney writes in favor of price and rent controls in the Sunday New York Times, with Bharat Ramamurti.

Nov 16, 2025 • John H. Cochrane

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Causation Does not Imply Variation

Tyler Muir suggested this lovely catchphrase, which should stand next to “Correlation does not imply causation” in our menagerie of econometric sayings.

Nov 10, 2025 • John H. Cochrane

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NBER Asset Pricing Lessons

I had the great pleasure of attending the morning session of the NBER Asset Pricing Program at Stanford last Friday.

Nov 8, 2025 • John H. Cochrane

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October 2025