The Grumpy Economist
Welcome to the ‘Careful’ Economy

Welcome to the ‘Careful’ Economy

May 28, 2020

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.

Stop Parties, Not Production

Stop Parties, Not Production

May 7, 2020

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.

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