Why Inflation Happens, with John Cochrane

06/15/23 • 47 min

Sandra Day O'Connor Institute for American Democracy

Episode one of the three-part series "The Economy: Inflation, the Fed, and You."
Inflation in America is happening for the first time in forty years. Why have prices gone up and when might they come down? What role do monetary policy, the Federal Reserve, and legislators play? And what is the fiscal theory of inflation? Hoover Institution economist John H. Cochrane joins Liam Julian, director of Public Policy at the Sandra Day O'Connor Institute, for a discussion. The Economist magazine wrote that Cochrane's new book, The Fiscal Theory of the Price Level, "builds a theory of inflation as ambitious as that proposed by John Maynard Keynes’s The General Theory or Milton Friedman’s and Anna Schwartz’s A Monetary History." Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution and a research associate of the National Bureau of Economic Research.

You can find us at: https://oconnorinstitute.org/

You can find us at: https://oconnorinstitute.org/

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Senator Dennis DeConcini: Eyewitness to History

In September 1981, Senator Dennis DeConcini, a Democrat from Arizona, supported President Ronald Reagan’s nomination of Sandra Day O’Connor as the first woman to take a seat seat on the United States Supreme Court.

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"Senator Dennis DeConcini: Eyewitness To History" was produced by the Sandra Day O'Connor Institute for American Democracy in association with T Door Productions.

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Understanding the Federal Reserve, with Louise Sheiner

Episode two of the three-part series "The Economy: Inflation, the Fed, and You."
Inflation in America is happening for the first time in forty years, and the Federal Reserve has committed to fighting it. What tools can and does the Fed use to battle inflation, and what are its other economic duties beyond keeping prices stable? Who at the Federal Reserve makes decisions, and how do they make them? Brookings Institution economist Louise Sheiner joins Liam Julian, director of Public Policy at the Sandra Day O'Connor Institute, for a discussion. Sheiner is the Robert S. Kerr Senior Fellow in Economic Studies and policy director for the Hutchins Center on Fiscal and Monetary Policy. She previously served as a senior economist in the Fiscal Analysis Section for the Research and Statistics Division with the Board of Governors of the Federal Reserve System.

You can find us at: https://oconnorinstitute.org/

Sandra Day O'Connor Institute for American Democracy - Why Inflation Happens, with John Cochrane

Transcript

Liam Julian:

Welcome to an O'Connor Institute and Civics for Life conversation with John H. Cochrane. John H. Cochrane is the Rosemarie and Jack Anderson Senior Fellow at the Hoover Institution. Before joining Hoover, he was a professor of finance at the University of Chicago's Booth School of Business, and earlier at its economics department. He earned a bachelor's degree in physics at MIT and his PhD in economics at the University of California at Berkeley. He was a ju