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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…