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John H. Cochrane

John H. Cochrane

9 commentaries

John H. Cochrane is a senior fellow of the Hoover Institution, an adjunct scholar at the CATO Institute, and the author of The Fiscal Theory of the Price Level (Princeton University Press 2023). He maintains the Grumpy Economist blog.

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  1. John H. Cochrane on fiscal theory, bank failures, central-bank independence, and more
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    John H. Cochrane on fiscal theory, bank failures, central-bank independence, and more

    Apr 4, 2023 John H. Cochrane predicts a period of stubborn inflation, explains why more regulation will not end financial crises, considers factors that may diminish faith in government-debt repayment, and more.

  2. The Liz Truss Tragedy
    cochrane7_ Jeff J MitchellGetty Images_truss Jeff J Mitchell/Getty Images

    The Liz Truss Tragedy

    Oct 25, 2022 John H. Cochrane & Jon Hartley thinks Britain’s short-lived prime minister had the right idea, but failed on execution.

  3. The End of an Economic Illusion
    cochrane6EVA HAMBACHAFP via Getty Images_inflation printing money EVA HAMBACH/AFP via Getty Images

    The End of an Economic Illusion

    Apr 15, 2022 John H. Cochrane shows how the return of inflation is forcing pundits and policymakers to abandon wishful thinking.

  4. Time for Supply
    GettyImages-1291931091 Getty Images

    Time for Supply

    Mar 3, 2022 John H. Cochrane & Jon Hartley explain the reforms needed to fix the US economy's long-ignored but single biggest problem.

  5. Why Isn't the Fed Doing its Job?
    cochrane4_Brooks Kraft Getty Images_fed reserve Brooks Kraft Getty Images

    Why Isn't the Fed Doing its Job?

    Jan 19, 2022 John H. Cochrane thinks the world’s most important central bank has lost its way and should get back to basics.

  1. cnobre2_CARL DE SOUZAAFP via Getty Images_amazonfire Carl de Souza/AFP via Getty Images

    The Amazon’s Future Will Be Decided in 2025

    Carlos Nobre & Marielos Peña-Claros warn that the world's largest rainforest is reaching a tipping point, beyond which it will largely disappear.
  2. zizek42_Andrej IsakovicGettyImages_serbia_student_protests Andrej Isakovic/Getty Images

    The New Face of Protest

    Slavoj Žižek

    The mass student protests that have swept Serbia since last November are distinctly “apolitical,” because their goal is to create the conditions for a new politics, rather than settle for another version of the same old game. Young Serbs understand that neither justice nor democracy is possible until the tables have been cleared.

    contrasts the pioneering mass student demonstrations in Serbia with widespread private resignation in China.
  3. lee54_Ed JonesGettyImages_korea_elderly_worker Ed Jones/Getty Images

    Reaping Asia’s Silver Demographic Dividend

    Lee Jong-Wha urges governments to develop integrated policies that encourage older adults to stay in the workforce.
  4. ekue1_Peter DazeleyGettyImages_green_jar_coins Peter Dazeley/Getty Images

    Getting Green Investment Where It’s Needed Most

    Serge Ekué & Javier Díaz Fajardo propose a strategy to redirect all financial flows toward the climate transition.
  5. kallot1_pixdeluxeGetty Images_africaAI pixdeluxe/Getty Images

    The Global South Needs to Own Its AI Revolution

    Kate Kallot explains how these countries can advance a community-driven approach to the emerging technology.
  6. adebajo13_Alexis HuguetGettyImages_goma_m23_conflict Alexis Huguet/Getty Images

    Africa’s Year of Warlords and Meddlers

    Adekeye Adebajo foresees growing instability and more foreign interference on the continent in 2025.
  7. basu109_Matt CardyGetty Images_socialmedia Matt Cardy/Getty Images

    Playing at Democracy

    Kaushik Basu explains how a well-known children's game illustrates the logic of today's emerging oligarchies.
  8. gros195_StockbyteGettyImages_deregulation_red_tape Stockbyte/Getty Images

    The Revolt Against Regulation

    Daniel Gros explains why the new push for deregulation in the United States and the European Union may not help either.
  9. sherwin14_Andrew HarnikGetty Images_trump Andrew Harnik/Getty Images

    Donald Trump’s Misrule of Law

    Richard K. Sherwin

    By insisting on its own supremacy, the executive branch of the US government under President Donald Trump is effectively seeking to alter America’s constitutional framework of checks and balances among co-equal branches of government. Trump has no authority to execute this change, but that will not be enough to stop him.

    observes that the president's claim of supremacy over the courts amounts to tossing out the US Constitution.

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