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<title><![CDATA[John Cochrane - Articles - RealClearPolitics]]></title><link>http://www.RealClearPolicy.com/authors/rss/archive/15877.xml</link><description><![CDATA[John Cochrane]]></description><category domain="15877">Author</category><item>
							<title><![CDATA[War in Iran Doesn&rsquo;t Have to Be a Rerun of &lsquo;That &rsquo;70s Show&rsquo;]]></title>
							<link>https://www.wsj.com/opinion/the-iran-war-doesnt-have-to-be-a-rerun-of-that-70s-show-d4c94148?st=yJXqYx</link>
							<guid><![CDATA[https://www.wsj.com/opinion/the-iran-war-doesnt-have-to-be-a-rerun-of-that-70s-show-d4c94148?st=yJXqYx]]></guid>							
							<pubDate>Wed, 01 Apr 2026 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA[A New Strategy to Fight Inflation]]></title>
							<link>https://www.wsj.com/opinion/a-new-strategy-to-fight-inflation-fed-congress-and-trump-must-prepare-for-next-crisis-68f7f7b4?st=H63WWJ</link>
							<guid><![CDATA[https://www.wsj.com/opinion/a-new-strategy-to-fight-inflation-fed-congress-and-trump-must-prepare-for-next-crisis-68f7f7b4?st=H63WWJ]]></guid>							
							<pubDate>Fri, 09 May 2025 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[The Fed, Congress and Trump must make fundamental changes to prepare the economy for the next crisis.]]></description>
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							<title><![CDATA[Feelings Are a Terrible Guide for Laws]]></title>
							<link>https://www.thefp.com/p/many-wonders-of-price-gouging</link>
							<guid><![CDATA[https://www.thefp.com/p/many-wonders-of-price-gouging]]></guid>							
							<pubDate>Fri, 23 Aug 2024 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Kamala Harris wants to outlaw the very mechanism that enables consumers to buy what they need most in a time of scarcity. What gives?]]></description>
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							<title><![CDATA[Preventing Bailouts Is Simple, But It Isn't Easy]]></title>
							<link>https://www.wsj.com/articles/preventing-bailouts-is-simple-but-it-isnt-easy-bank-run-8d409dcd?mod=opinion_lead_pos5</link>
							<guid><![CDATA[https://www.wsj.com/articles/preventing-bailouts-is-simple-but-it-isnt-easy-bank-run-8d409dcd?mod=opinion_lead_pos5]]></guid>							
							<pubDate>Tue, 14 May 2024 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[The Fed could simply stop blocking run-proof banks from emerging. But that would take political will.]]></description>
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							<title><![CDATA[A Misunderstood Decade]]></title>
							<link>https://www.coolidgereview.com/articles/misunderstood-decade</link>
							<guid><![CDATA[https://www.coolidgereview.com/articles/misunderstood-decade]]></guid>							
							<pubDate>Sat, 06 Apr 2024 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[The 1920s were the single most consequential decade for the lives of everyday Americans. This is when the contours of modern life emerged.'&#'.ord('Ã').';''&#'.ord('‚').';']]></description>
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							<title><![CDATA[Incompetent Elites Make Trump Look Appealing]]></title>
							<link>https://www.wsj.com/articles/incompetent-elites-make-trump-look-appealing-2024-primary-general-45691931?mod=opinion_lead_pos6</link>
							<guid><![CDATA[https://www.wsj.com/articles/incompetent-elites-make-trump-look-appealing-2024-primary-general-45691931?mod=opinion_lead_pos6]]></guid>							
							<pubDate>Sat, 03 Feb 2024 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[His supporters don'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'t love everything about him but are sick of being disdained and misgoverned.]]></description>
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							<title><![CDATA[Inflation and the End of an Economic Illusion]]></title>
							<link>https://www.zawya.com/en/opinion/economic-insights/the-end-of-an-economic-illusion-c0srx11j</link>
							<guid><![CDATA[https://www.zawya.com/en/opinion/economic-insights/the-end-of-an-economic-illusion-c0srx11j]]></guid>							
							<pubDate>Tue, 19 Apr 2022 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[John H. Cochrane shows how the return of inflation is forcing pundits and policymakers to abandon wishful thinking.]]></description>
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							<title><![CDATA[The Ghost of Christmas Inflation]]></title>
							<link>https://www.project-syndicate.org/commentary/us-fiscal-inflation-5-trillion-stimulus-by-john-h-cochrane-2021-12</link>
							<guid><![CDATA[https://www.project-syndicate.org/commentary/us-fiscal-inflation-5-trillion-stimulus-by-john-h-cochrane-2021-12]]></guid>							
							<pubDate>Thu, 23 Dec 2021 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[John H. Cochrane sees surging U.S. prices as the foreseeable result of fiscal stimulus outstripping the economy's capacity.]]></description>
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							<title><![CDATA[It's Black Friday, '70s-Style]]></title>
							<link>https://bariweiss.substack.com/p/its-black-friday-70s-style</link>
							<guid><![CDATA[https://bariweiss.substack.com/p/its-black-friday-70s-style]]></guid>							
							<pubDate>Fri, 26 Nov 2021 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[As inflation ticks up, the Grumpy Economist says: don't buy unless you have to.]]></description>
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							<title><![CDATA[A Debt Crisis Is on the Horizon]]></title>
							<link>https://www.washingtonpost.com/opinions/the-debt-crisis-is-on-our-doorstep/2018/03/27/fd28318c-27d3-11e8-bc72-077aa4dab9ef_story.html?utm_term=.d75d6693ffc6</link>
							<guid><![CDATA[https://www.washingtonpost.com/opinions/the-debt-crisis-is-on-our-doorstep/2018/03/27/fd28318c-27d3-11e8-bc72-077aa4dab9ef_story.html?utm_term=.d75d6693ffc6]]></guid>							
							<pubDate>Mon, 02 Apr 2018 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[We live in a time of extraordinary promise. Breakthroughs in artificial intelligence, 3D manufacturing, medical science and other areas have the potential to dramatically raise living standards in coming decades. But a major obstacle stands squarely in the way of this promise: high and...]]></description>
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							<title><![CDATA[Climate Change Isn't the End of the World]]></title>
							<link>https://t.co/5fQn7JWxH6</link>
							<guid><![CDATA[https://t.co/5fQn7JWxH6]]></guid>							
							<pubDate>Mon, 31 Jul 2017 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Even if world temperatures rise, the appropriate policy response is still an open question.]]></description>
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							<title><![CDATA[The Clinton Plan's Growth Deficit]]></title>
							<link>https://www.google.com/search?q=The+Clinton+Plan%E2%80%99s+Growth+Deficit&amp;oq=The+Clinton+Plan%E2%80%99s+Growth+Deficit&amp;aqs=chrome..69i57j69i60.111j0j7&amp;sourceid=chrome&amp;ie=UTF-8#q=The+Clinton+Plan+Growth+Deficit&amp;tbm=nws</link>
							<guid><![CDATA[https://www.google.com/search?q=The+Clinton+Plan%E2%80%99s+Growth+Deficit&amp;oq=The+Clinton+Plan%E2%80%99s+Growth+Deficit&amp;aqs=chrome..69i57j69i60.111j0j7&amp;sourceid=chrome&amp;ie=UTF-8#q=The+Clinton+Plan+Growth+Deficit&amp;tbm=nws]]></guid>							
							<pubDate>Fri, 12 Aug 2016 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Hillary'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s agenda is long on economic platitudes.'&#'.ord('Ã').';''&#'.ord('‚').';']]></description>
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							<title><![CDATA[Ending America's Slow-Growth Tailspin]]></title>
							<link>https://www.google.com/search?q=Ending+America%E2%80%99s+Slow-Growth+Tailspin&amp;oq=Ending+America%E2%80%99s+Slow-Growth+Tailspin&amp;aqs=chrome..69i57j69i60&amp;sourceid=chrome&amp;ie=UTF-8</link>
							<guid><![CDATA[https://www.google.com/search?q=Ending+America%E2%80%99s+Slow-Growth+Tailspin&amp;oq=Ending+America%E2%80%99s+Slow-Growth+Tailspin&amp;aqs=chrome..69i57j69i60&amp;sourceid=chrome&amp;ie=UTF-8]]></guid>							
							<pubDate>Tue, 03 May 2016 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Sclerotic growth is America'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('™').';'s overriding economic problem. From 1950 to 2000, the U.S. economy grew at an average rate of 3.5% annually. Since 2000, it has grown at half that rate'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';'1.76%. Even in the years since the bottom of the great recession in 2009, which should have been a...]]></description>
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							<title><![CDATA[Here's What Genuine Tax Reform Looks Like]]></title>
							<link>https://www.google.com/search?q=Here%E2%80%99s+What+Genuine+Tax+Reform+Looks+Like&amp;rlz=1C1TSNP_enUS507US507&amp;oq=Here%E2%80%99s+What+Genuine+Tax+Reform+Looks+Like&amp;aqs=chrome..69i57j69i60.98j0j7&amp;sourceid=chrome&amp;es_sm=122&amp;ie=UTF-8</link>
							<guid><![CDATA[https://www.google.com/search?q=Here%E2%80%99s+What+Genuine+Tax+Reform+Looks+Like&amp;rlz=1C1TSNP_enUS507US507&amp;oq=Here%E2%80%99s+What+Genuine+Tax+Reform+Looks+Like&amp;aqs=chrome..69i57j69i60.98j0j7&amp;sourceid=chrome&amp;es_sm=122&amp;ie=UTF-8]]></guid>							
							<pubDate>Wed, 23 Dec 2015 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Left and right agree that the U.S. tax code is a mess. The men and women running for president in 2016 are offering reform plans, and proposals to fix the code regularly surface in Congress. But these plans are, and should be, political documents, designed to attract votes. To prevent...]]></description>
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							<title><![CDATA[An Autopsy for the Keynesians]]></title>
							<link>https://www.google.com/#q=John+H.+Cochrane:+An+Autopsy+for+the+Keynesians</link>
							<guid><![CDATA[https://www.google.com/#q=John+H.+Cochrane:+An+Autopsy+for+the+Keynesians]]></guid>							
							<pubDate>Mon, 22 Dec 2014 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[This year the tide changed in the economy. Growth seems finally to be returning. The tide also changed in economic ideas. The brief resurgence of traditional Keynesian ideas is washing away from the world of economic policy.]]></description>
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							<title><![CDATA[What to Do When Obamacare Unravels]]></title>
							<link>http://online.wsj.com/news/articles/SB10001424052702304866904579265932490593594</link>
							<guid><![CDATA[http://online.wsj.com/news/articles/SB10001424052702304866904579265932490593594]]></guid>							
							<pubDate>Thu, 26 Dec 2013 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[The unraveling of the Affordable Care Act presents a historic opportunity for change. Its proponents call it "settled law," but as Prohibition taught us, not even a constitutional amendment is settled law'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';'if it is dysfunctional enough, and if Americans can see a clear alternative.'&#'.ord('Ã').';''&#'.ord('‚').';'...]]></description>
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							<title><![CDATA[America Needs an Alternative Maximum Tax]]></title>
							<link>http://online.wsj.com/article/SB10001424127887323741004578414402175056688.html?mod=WSJ_Opinion_LEADTop</link>
							<guid><![CDATA[http://online.wsj.com/article/SB10001424127887323741004578414402175056688.html?mod=WSJ_Opinion_LEADTop]]></guid>							
							<pubDate>Mon, 15 Apr 2013 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[They keep coming back, like the villains of a good zombie movie, chanting "more taxes, more taxes." Long ago, Congress passed the alternative minimum tax, or AMT'&#'.ord('Â').';''&#'.ord('—').';'a simple flat rate to ensure that in an insanely complex tax code, no one escapes paying something. Now we need an...]]></description>
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							<title><![CDATA[Treasury Needs a Better Long Game]]></title>
							<link>http://www.realclearpolitics.com/articles/2013/03/05/treasury_needs_a_better_long_game_117261.html</link>
							<guid><![CDATA[http://www.realclearpolitics.com/articles/2013/03/05/treasury_needs_a_better_long_game_117261.html]]></guid>							
							<pubDate>Tue, 05 Mar 2013 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Sooner or later, the Federal Reserve will want to raise interest rates. Maybe next year. Maybe when unemployment declines below 6.5%. Maybe when inflation creeps up to 3%. But it will happen.
Sooner or later, the Federal Reserve will want to raise interest rates. Maybe next year. Maybe...]]></description>
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							<title><![CDATA[Austerity or Stimulus? Growth Is the Answer]]></title>
							<link>http://www.bloomberg.com/news/2012-03-21/austerity-or-stimulus-what-we-need-is-growth.html</link>
							<guid><![CDATA[http://www.bloomberg.com/news/2012-03-21/austerity-or-stimulus-what-we-need-is-growth.html]]></guid>							
							<pubDate>Thu, 22 Mar 2012 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Austerity isn'&#'.ord('Â').';''&#'.ord('’').';'t working in Europe. Greece is collapsing, Italy and Spain'&#'.ord('Â').';''&#'.ord('’').';'s output is declining, and even Germany and the U.K. are slowing down. In addition to their direct economic costs, these '&#'.ord('Â').';''&#'.ord('“').';'austerity'&#'.ord('Â').';''&#'.ord('”').';' measures aren'&#'.ord('Â').';''&#'.ord('’').';'t even swiftly closing budget gaps. As incomes decline, tax...]]></description>
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							<title><![CDATA[The Fed's Mission Impossible]]></title>
							<link>http://www.realclearpolitics.com/articles/2011/12/30/the_feds_mission_impossible_112593.html</link>
							<guid><![CDATA[http://www.realclearpolitics.com/articles/2011/12/30/the_feds_mission_impossible_112593.html]]></guid>							
							<pubDate>Fri, 30 Dec 2011 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[The Federal Reserve last week announced its new "Enhanced Prudential Standards and Early Remediation Requirements" for big banks, as required by the Dodd-Frank law. You have to pity the poor Fed because it faces an impossible task.
The Fed's proposal opens with an eloquent ode to the...]]></description>
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							<title><![CDATA[Inflation, Debt &amp; Keynesians' Confidence]]></title>
							<link>http://nationalaffairs.com/publications/detail/inflation-and-debt</link>
							<guid><![CDATA[http://nationalaffairs.com/publications/detail/inflation-and-debt]]></guid>							
							<pubDate>Thu, 22 Sep 2011 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[For several years, a heated debate has raged among economists and policymakers about whether we face a serious risk of inflation. That debate has focused largely on the Federal Reserve '&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';' especially on whether the Fed has been too aggressive in increasing the money supply, whether it...]]></description>
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							<title><![CDATA[Europe's Greek Stress Test]]></title>
							<link>http://online.wsj.com/article/SB10001424052702304186404576389542793496526.html?mod=WSJ_Opinion_LEADTop</link>
							<guid><![CDATA[http://online.wsj.com/article/SB10001424052702304186404576389542793496526.html?mod=WSJ_Opinion_LEADTop]]></guid>							
							<pubDate>Fri, 17 Jun 2011 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[Greek debt is in trouble'&#'.ord('Ã').';''&#'.ord('¢').';''&#'.ord('Â').';''&#'.ord('€').';''&#'.ord('Â').';''&#'.ord('”').';'again. After a month of dickering, it seems likely that the International Monetary Fund and the European Union will agree to roll over Greece's debt so bondholders will be paid in full. Why is Europe so terrified of letting bondholders bear some of the risk...]]></description>
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							<title><![CDATA[Paul Krugman Makes No Cents]]></title>
							<link>http://www.nypost.com/p/news/opinion/opedcolumnists/paul_krugman_makes_no_cents_oP5wBIigt2zIOWxlpdrQwL</link>
							<guid><![CDATA[http://www.nypost.com/p/news/opinion/opedcolumnists/paul_krugman_makes_no_cents_oP5wBIigt2zIOWxlpdrQwL]]></guid>							
							<pubDate>Sun, 04 Oct 2009 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[]]></description>
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							<title><![CDATA['Health Status Insurance' Provides Real Alternative To Universal Care]]></title>
							<link>http://www.realclearpolitics.com/articles/2009/04/health_status_insurance_provid.html</link>
							<guid><![CDATA[http://www.realclearpolitics.com/articles/2009/04/health_status_insurance_provid.html]]></guid>							
							<pubDate>Wed, 01 Apr 2009 00:00:00 -0500</pubDate>
							<author>John Cochrane</author>
							<description><![CDATA[None of us has health "insurance," really. If you develop a long-term condition such as heart disease or cancer, and then lose your job, divorce or outgrow your parents' plan, you can lose your coverage. You now have a pre-existing condition. Insurance will be enormously expensive if you...]]></description>
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							<title><![CDATA[Is Now the Time to Buy Stocks?]]></title>
							<link>http://online.wsj.com/article/SB122645226692719401.html</link>
							<guid><![CDATA[http://online.wsj.com/article/SB122645226692719401.html]]></guid>							
							<pubDate>Wed, 12 Nov 2008 00:00:00 -0600</pubDate>
							<author>John Cochrane</author>
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