John Cochrane analyzes the difficulties of reopening the American economy with restrictive new protocols, argues that the enthusiasm for bringing industry back from China is overwrought, and warns that the risk of future inflation is real.
John Cochrane looks at the prospects that we’ll successfully reopen the economy without setting off another round of coronavirus outbreaks, explains what’s behind the models that got the virus’s trajectory so wrong, and explains how emergency economic measures could come back to haunt us in the future.
John Cochrane guides listeners through some of the toughest questions around the coronavirus: Just how deep will unemployment actually go? What kind of recovery are we in store for? How much do civil liberties have to be sacrificed to restore economic liberties? And is the Federal Reserve justified in printing more money to keep the economy afloat?
John Cochrane examines the government’s role in housing, from restricting development to subsidizing low-income options to giving preferential treatment to homeowners. The good news? Some of the more extreme distortions are generating a backlash that may lead to more affordable housing in the not-too-distant future.