Whither the Fed, boondoggles and the 2-year old with a hammer | John Cochrane

In episode 103, Alex Proimos speaks with John Cochrane, Rose-Marie and Jack Anderson, a senior fellow at the Hoover Institution, Stanford University and author of the Grumpy Economist blog. This episode discusses the bureaucratic overreach of the Federal Reserve and its lack of mandate to pursue economic equality and social justice. We discuss the concerns around global debt, MMT, inflation and the role of narrative management in economic and financial markets. The conversation also takes a critical look at central banks and their approach to addressing climate risk without considering the confounding factors.
John Cochrane is an American economist specialising in financial economics and macroeconomics. Formerly a professor of economics and finance at the University of Chicago, Cochrane serves as the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution at Stanford University. Previously John was a Professor of finance at the University of Chicago Booth School of Business and before that at the Department of Economics. He also writes the Grumpy Economist blog.

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