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Podcast: The Julia La Roche Show
Episode: #172 John Cochrane On The Fiscal Theory Of The Price Level, Causes Of Inflation, And The Need To Stop Throwing Money Down Trillion-dollar Rat Holes
Description: John Cochrane, the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution and former professor of finance at the University of Chicago Booth School of Business and, before that, the Department of Economics, joins Julia on episode 172. Professor Cochrane is the author of The Fiscal Theory of the Price Level book, and he writes the Grumpy Economist blog. and In this episode, Professor Cochrane discusses the current state of the US economy, the fiscal theory of the price level, the causes and challenges of inflation, and the concerning levels of government debt. He emphasizes the need for supply-side efficiency...