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John H. Cochrane

John H. Cochrane

Writing for PS since 2021
7 commentaries

John H. Cochrane is a senior fellow at the Hoover Institution.

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  1. The End of an Economic Illusion
    cochrane6EVA HAMBACHAFP via Getty Images_inflation printing money EVA HAMBACH/AFP via Getty Images

    The End of an Economic Illusion

    Apr 15, 2022 John H. Cochrane shows how the return of inflation is forcing pundits and policymakers to abandon wishful thinking.

  2. Time for Supply
    GettyImages-1291931091 Getty Images

    Time for Supply

    Mar 3, 2022 John H. Cochrane & Jon Hartley explain the reforms needed to fix the US economy's long-ignored but single biggest problem.

  3. Why Isn't the Fed Doing its Job?
    cochrane4_Brooks Kraft Getty Images_fed reserve Brooks Kraft Getty Images

    Why Isn't the Fed Doing its Job?

    Jan 19, 2022 John H. Cochrane thinks the world’s most important central bank has lost its way and should get back to basics.

  4. The Ghost of Christmas Inflation
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    The Ghost of Christmas Inflation

    Dec 23, 2021 John H. Cochrane sees surging US prices as the foreseeable result of fiscal stimulus outstripping the economy's capacity.

  5. The Revenge of Supply
    cochrane2_JIM WATSONAFP via Getty Images_labor shortage JIM WATSONAFP via Getty Images

    The Revenge of Supply

    Oct 22, 2021 John H. Cochrane attributes recent prices surges, production bottlenecks, and shortages to misguided policy priorities.

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  1. wei51_DANIEL LEALAFP via Getty Images_bankofengland Daniel Leal/AFP via Getty Images
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    Liz Truss vs. the Bank of England

    Shang-Jin Wei explains how UK policymakers can prevent a financial crisis by helping pensioners and homeowners.
  2. zhang57_ HECTOR RETAMALAFP via Getty Images_shanghailockdowncovid Hector Retamal/AFP via Getty Images
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    What’s Happened to China’s Economy?

    Zhang Jun worries that weakened incentives for local-government policy innovation are undermining dynamism and growth.
  3. zizek8_Ying TangNurPhoto via Getty Images_iran protest Ying TangNurPhoto via Getty Images
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    Women, Life, Freedom, and the Left

    Slavoj Žižek

    Four recent global news stories have revealed the varieties of women’s empowerment, showing how the politics of sex and gender can either challenge or reinforce existing power structures. For Western liberals, understanding these dynamics will be crucial to beating back the new right.

     shows how four recent news events highlight the failings of Western progressives to counter the far right.
  4. mazzucato44_Ian ForsythGetty Images_keirstarmer Ian Forsyth/Getty Images
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    Toward a Progressive Economic Agenda

    Mariana Mazzucato

    Past policy failures and unmet populist promises represent an opportunity for progressive leaders. But to win power, they must articulate a coherent alternative economic-policy program, focusing not only on redistribution but also on wealth and value creation.

     offers a five-pronged policy blueprint for the left to counter populism and recover electoral relevance.
  5. yergin4_Oleg NikishinNewsmakers_gorby Oleg Nikishin/Newsmakers
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    The Gorbachev Diagnosis

    Daniel Yergin revisits a 2001 interview with the former Soviet leader to consider where things went awry for Russia.
  6. ostry5_Gary HershornGetty Images_shipping Gary Hershorn/Getty Images
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    The Canary in the Inflation Coal Mine

    Jonathan D. Ostry explains why central banks should pay much greater attention to shipping costs.
  7. fihn2_Wiktor SzymanowiczFuture Publishing via Getty Images_nuclearprotest Wiktor Szymanowicz/Future Publishing via Getty Images
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    The Crumbling Nuclear Taboo

    Beatrice Fihn urges countries to refrain from responding to Russia's nuclear threats with nuclear threats of their own.
  8. furman10_DANIEL LEALAFP via Getty Images_UKeconomy Daniel Leal/AFP via Getty Images
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    The Trussonomics Warning

    Jason Furman explains why all policies intended to help one group must nowadays come at the expense of other groups.
  9. khrushcheva159_ MIKHAIL METZELSPUTNIKAFP via Getty Images_putin speech MIKHAIL METZEL/SPUTNIK/AFP via Getty Images
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    The Kremlin’s Suicidal Imperialism

    Nina L. Khrushcheva argues that the illegal annexation of four more Ukrainian territories will handicap future Russian leaders.

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