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 economic policy factors into the great-power competition with China; his fascination with Calvin Coolidge; plus why (in John’s opinion) Portuguese Water Dogs are the kings of all canines.
The Fiscal Theory of Price Level
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ABOUT THE SERIES
GoodFellows, a Hoover Institution broadcast, features senior fellows John Cochrane, Niall Ferguson, and H.R. McMaster discussing the social, economic, and geostrategic ramifications of this changed world. They can’t banter over lunch these days, but they continue their spirited conversation online about what comes next, as we look forward to an end to the crisis.
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