Chapter 1: Fiscal Policy and Inflation with John Cochrane | LFHSPBC

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 #economicpolicy factors into the great-power competition with #China; his fascination with Calvin Coolidge; plus why (in John’s opinion) Port

Is the Federal Reserve really independent—or just powerful? In this week's Grumpy Economist rant, Hoover Senior Fellow John H. Cochrane explains why independence only works with a narrow mandate and limited tools—and why an expanding Fed invites politics by design. Watch the full rant on Freedom Frequency: https://www.thefreedomfrequency.org/p/should-the-federal-reserve-be-independent | Hoover Institution

John Cochrane is the Rose-Marie and Jack Anderson Senior Fellow in Economics at the Hoover Institution and the author of a new book, The Fiscal Theory of the Price Level. In this wide-ranging conversation, Cochrane discusses the root causes of inflation, what we can (and can’t) do about it, the economists who influenced his thinking, and how his father inspired him to become an academic. Watch now: https://hvr.co/3EFKrI8 | Hoover Institution