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The Grumpy Economist

John H. Cochrane

News, views, and commentary from a free market point of view. I moved from Blogger to Substack in December 2023. For previous posts back to 2011 see my Blogger page at https://johnhcochrane.blogspot.com

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Issues162Founded3 years agoLast Issue5 days ago
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Latest Issues

Some simple principles for taxation and spending

This appeared in the Hoover Freedom Frequency, and Commons Dispatch, but for any of you who don’t read that, here it is, with a few tweaks. It’s an elaboration of a recent Weekly Rant.


In policy analysis, one must balance blue-sky a...

5 days ago
108
54

Saving the Welfare State

I was invited to the “Festival Internazionale dell’ Economia” in Turin, to speak about inflation and debt. The grand topic of the conference is “Saving the welfare state” (“Salvare lo stato sociale”). So, I added some typically grumpy comme...

6 days ago
205
76

Two New Papers

It is still thrilling when a paper is finally published. And I am particularly proud of these two. I also write as Elsevier offers free downloads for 50 days. If you want one, get it now! Here they are:

Inflation Dynamics with a Generaliz...

13 days ago
71
8

Affordability Trilogy, Part 3. Why is the free market so unpopular?

[This is a third post based on scripts for the “weekly rant.” ]

Today I’m going to follow up on affordability, sparked by a remarkable Wall Street Journal poll in which large majorities, left and right, support populist economic policies....

17 days ago
120
43

Affordability Trilogy, Part 2

[This is based on a second script for an upcoming “weekly rant.” Part 1 explored an interesting WSJ survey on how popular populist policies are.]

Affordability? It does seem a bit petulant. American’s standard of living is greater than any...

18 days ago
82
45

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  • John H. Cochrane

    Economist at the Hoover Institution

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