On the recordMarch 17, 2021
A central bank in a democracy is not an all-purpose do-good agency to subsidize what it decides to be worthy.
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congress.govEditor's note · Context
Cochrane argues against the Fed acting as a political entity in climate policy.
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More from John H. Cochrane
Sep 13, 2016
Winston Churchill once said, Americans can be trusted to do the right thing after we have tried everything else.
Feb 12, 2013
We are not now going to raise taxes in order to increase spending above the baseline.
Sep 13, 2016
If it leads to a debt crisis where suddenly interest rates spike, the U.S. needs to borrow, and bond markets say 'no,' it looks a lot like Greece.
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