Posts tagged John Cochrane

If It Doesn’t Work, Change the Rules

Remember when you were a kid and when things didn’t work out in a game you wanted a “do over”?  It seems to me there are a lot of important people in Washington that see things not working out the …






It Wasn’t A Financial Crisis; It Was A Systemic Run

Blockbuster paper released by Professor John Cochrane yesterday.  It’s on the financial crisis.  In January of 2009, I saw a panel discussion at the University of Chicago where Professor Cochrane calmly eviscerated Fed policy in its response to the financial …






Friday Breakfast Links

Chicago Cubs versus the New York Yankees today. Hope nobody calls a shot The Senate kills ethanol. Good idea. But like every good government program, nothing that evil will die. Watch the Corn market ($ZC_F) in the coming weeks. It’s …