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John H. Cochrane

johnhcochrane.blogspot.com

An essay on substack ; interpreting US inflation history via fiscal theory, prepared as comments for a session at the AEA meetings.

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Fintech in Chains

"Fintech can come out of the shadows" is the title that Wall Street Journal editors gave to Brian Brooks and Charles Calomiris' oped last week . I have not in a long time seen a title that more utterly contradicts the content of the essay. For what they advocate is exactly the opposite: Fintech in chains, hemmed in by…

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Free Solo and Economic Growth

The references to Gutenberg reminds me of a discussion in Simon Winchester's fascinating book "The Man Who Loved China". There the author points out that the first printed book occurred in China about 500 years before Gutenberg. The question posed by Winchester's "Man" (Joseph Needham) was why, with such a lead…