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The Grumpy Economist | Hoover Institution
<!DOCTYPE html> <html data-head-attrs="" lang="en"> <head> <meta charset="UTF-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <meta name="mobile-web-app-capable" content="yes"> <meta name="apple-mobile-web-app-status-bar-style" content="black"> <meta name="theme-color" content="#ffffff"> <link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/twitter-bootstrap/5.0.1/css/bootstrap.min.css" integrity="sha512-Ez0cGzNzHR1tYAv56860NLspgUGuQw16GiOOp/I2LuTmpSK9xDXlgJz3XN4cnpXWDmkNBKXR/VDMTCnAaEooxA==" crossorigin="anonymous" referrerpolicy="no-referrer" /> <link rel="preconnect" href="https://fonts.googleapis.com"> <link rel="preconnect" href="https://fonts.gstatic.com" crossorigin> <script type="module" crossorigin src="https://pbcdn1.podbean.com/fs1/user-site-dist/assets/index.7276e018.js"></script> <link rel="modulepreload" href="https://pbcdn1.podbean.com/fs1/user-site-dist/assets/vendor.926efe0f.js"> <link rel="stylesheet" href="https://pbcdn1.podbean.com/fs1/user-site-dist/assets/index.0a4bb8b8.css"> <link rel="manifest" href="/user-site/manifest.webmanifest" crossorigin="use-credentials"><title>The Grumpy Economist | Hoover Institution</title><link rel="icon" href="https://www.podbean.com/favicon.ico"><link rel="apple-touch-icon" href="https://www.podbean.com/favicon.ico"><meta name="description" content="The Grumpy Economist Podcast features Hoover Institution Senior Fellow John Cochrane offering analysis and commentary on the news of the day from a humorous free-market perspective."><meta property="og:title" content="The Grumpy Economist | Hoover Institution"><meta property="og:url" content="https://grumpyeconomist.podbean.com/"><meta property="og:image" content="https://d2bwo9zemjwxh5.cloudfront.net/image-logo/7442674/grumpyeconomist_1400px_1200x628.jpg?s=07999261a56171c3bf2ebd5523b53d60&e=jpg"><meta property="og:description" content="The Grumpy Economist Podcast features Hoover Institution Senior Fellow John Cochrane offering analysis and commentary on the news of the day from a humorous free-market perspective."><meta property="og:type" content="article"><meta name="twitter:card" content="summary"><meta name="twitter:site" content="@podbeancom"><meta name="twitter:url" content="https://grumpyeconomist.podbean.com/"><meta name="twitter:title" content="The Grumpy Economist | Hoover Institution"><meta name="twitter:description" content="The Grumpy Economist Podcast features Hoover Institution Senior Fellow John Cochrane offering analysis and commentary on the news of the day from a humorous free-market perspective."><meta name="twitter:image" content="https://d2bwo9zemjwxh5.cloudfront.net/image-logo/7442674/grumpyeconomist_1400px_1200x628.jpg?s=07999261a56171c3bf2ebd5523b53d60&e=jpg"><meta http-equiv="Content-Type" content="text/html; charset=UTF-8"><meta http-equiv="Content-Language" content="en-us"><meta name="generator" content="Podbean 3.2"><meta name="viewport" content="width=device-width, user-scalable=no, initial-scale=1.0, minimum-scale=1.0, maximum-scale=1.0"><meta name="author" content="PodBean Development"><meta name="Copyright" content="PodBean"><meta name="HandheldFriendly" content="True"><meta name="MobileOptimized" content="MobileOptimized"><meta name="robots" content="all"><meta name="twitter:app:id:googleplay" content="com.podbean.app.generic"><meta name="twitter:app:id:ipad" content="1484287462"><meta name="twitter:app:id:iphone" content="1484287462"><meta name="twitter:app:name:googleplay" content="Podbean Biz Podcast App"><meta name="twitter:app:name:ipad" content="Podbean Biz Podcast App"><meta name="twitter:app:name:iphone" content="Podbean Biz Podcast App"><script type="application/ld+json">[{"@context":"https://schema.org/","@type":"PodcastSeries","image":"https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px.jpg","url":"https://grumpyeconomist.podbean.com","name":"The Grumpy Economist","description":"The Grumpy Economist Podcast features Hoover Institution Senior Fellow John Cochrane offering analysis and commentary on the news of the day from a humorous free-market perspective.","webFeed":"https://feed.podbean.com/grumpyeconomist/feed.xml","publisher":{"@type":"Organization","name":"Hoover Institution","url":"https://www.podbean.com/HooverInstitution"}},{"@context":"https://schema.org/","@type":"PodcastEpisode","url":"/e/what-s-in-the-reconciliation-bill-a-conversation-with-casey-mulligan/","name":"What’s in the reconciliation bill? 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77.714t-77.714 32-77.715-32-32-77.714 32-77.714 77.715-32 77.714 32 32 77.714z m292.571 70.286q1.143 16-9.714 27.428-10.286 12-26.857 12H508q-14.286 0-24.571-9.428T472 844.57q-12.571-130.857-105.429-223.714T142.857 515.43q-14.286-1.143-23.714-11.429t-9.429-24.571v-77.143q0-16.572 12-26.857 9.715-9.715 24.572-9.715h2.857q91.428 7.429 174.857 46T472 515.43q65.143 64.571 103.714 148t46 174.857z m292.572 1.143q1.143 15.428-10.286 26.857-10.286 11.428-26.286 11.428H796q-14.857 0-25.429-10T759.43 843.43Q752.57 720.57 701.714 610T569.43 418t-192-132.286T144 227.43q-14.286-0.572-24.286-11.143t-10-24.857v-81.715q0-16 11.429-26.285 10.286-10.286 25.143-10.286H148q149.714 7.428 286.571 68.571t243.143 168q106.857 106.286 168 243.143t68.572 286.572z" p-id="11611"></path></svg> RSS</a></div></div><p class="podcast-description fs-13 pt-4 pb-lg-5">The Grumpy Economist Podcast features Hoover Institution Senior Fellow John Cochrane offering analysis and commentary on the news of the day from a humorous free-market perspective.</p></div></div></div><div class="col-12 col-lg-9 col-xl-10"><div class="cc-customize-container"><!----><!--[--><!--]--><!--teleport start--><!--teleport end--></div><!--[--><!----><div><div class="container list-container"><!--[--><h2 class="text-center cc-episode-title">Episodes</h2><!--]--><div class="episode-list-type-list row row-cols-1 row-cols-md-4 pt-4 g-4 mt-0 episode-content cc-episode-list"><!--[--><div class="col6 mt-0 card bg-transparent border-0 d-md-flex list"><div class="episode-logo position-relative" href="javascript:void(0)"><div class="e-logo"><img class="object-fit-cover" width="300" height="300" alt="What’s in the reconciliation bill? A conversation with Casey Mulligan" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Tuesday Oct 05, 2021</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play What’s in the reconciliation bill? A conversation with Casey Mulligan"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button></div></div><div class="card-body position-relative"><div class="card-body-button-title"><button type="button" class="btn btn-link play-button e-r-play-button" title="Play What’s in the reconciliation bill? A conversation with Casey Mulligan"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/what-s-in-the-reconciliation-bill-a-conversation-with-casey-mulligan/" class="text-decoration-none text-truncate"><!--[-->What’s in the reconciliation bill? A conversation with Casey Mulligan<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Tuesday Oct 05, 2021</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Tuesday Oct 05, 2021</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>Hoover Institution fellow John Cochrane talks with Casey Mulligan about what’s in the reconciliation bill. They focus on how the programs will work, or fail to work as well as what incentives and disincentives do they give.</p></p><!----></div><div class="read-more"><a href="/e/what-s-in-the-reconciliation-bill-a-conversation-with-casey-mulligan/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 .5-.5h11.793l-3.147-3.146a.5.5 0 0 1 .708-.708l4 4a.5.5 0 0 1 0 .708l-4 4a.5.5 0 0 1-.708-.708L13.293 8.5H1.5A.5.5 0 0 1 1 8z"></path></svg><!--]--></a></div><!--]--><div class="cc-post-toolbar"><ul class="list-unstyled d-flex mb-0 row gx-5 p-0"><!----><li class="col-auto"><a class="border-0 p-0 bg-transparent row gx-1 align-items-center" href="https://www.podbean.com/site/EpisodeDownload/PB10F8D682B7MZ" target="_blank" title="Download"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" 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0-3.256l6.718-3.12A2.5 2.5 0 0 1 11 2.5zm-8.5 4a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zm11 5.5a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3z"></path></svg><span class="text-gray item-name col-auto">Share</span></button></li></ul></div></div></div><div class="col6 mt-0 card bg-transparent border-0 d-md-flex list"><div class="episode-logo position-relative" href="javascript:void(0)"><div class="e-logo"><img class="object-fit-cover" width="300" height="300" alt="The Long And Short Of Bubbles" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Friday Jan 29, 2021</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play The Long And Short Of Bubbles"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" 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0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/the-long-and-short-of-bubbles/" class="text-decoration-none text-truncate"><!--[-->The Long And Short Of Bubbles<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Friday Jan 29, 2021</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Friday Jan 29, 2021</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><div>John Cochrane speaks with Wellington Management’s Owen Lamont on the recent attempts to influence the stock market and damage the liquidity of hedge funds by day traders using social media to coordinate their efforts. </div> <div> </div></p><!----></div><div class="read-more"><a href="/e/the-long-and-short-of-bubbles/" class="text-decoration-none text-truncate"><!--[--> Read more <svg 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href="javascript:void(0)"><div class="e-logo"><img class="object-fit-cover" width="300" height="300" alt="A Free Market in … Vaccines?" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Tuesday Jan 19, 2021</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play A Free Market in … Vaccines?"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button></div></div><div class="card-body position-relative"><div class="card-body-button-title"><button type="button" class="btn btn-link play-button e-r-play-button" title="Play A Free Market in … Vaccines?"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/a-free-market-in-%e2%80%a6-vaccines/" class="text-decoration-none text-truncate"><!--[-->A Free Market in … Vaccines?<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Tuesday Jan 19, 2021</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Tuesday Jan 19, 2021</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>John Cochrane analyzes how a lack of market forces have impeded everything from the development of a COVID vaccine, to its distribution, to efforts to get the economy reopened.</p></p><!----></div><div class="read-more"><a href="/e/a-free-market-in-%e2%80%a6-vaccines/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 .5-.5h11.793l-3.147-3.146a.5.5 0 0 1 .708-.708l4 4a.5.5 0 0 1 0 .708l-4 4a.5.5 0 0 1-.708-.708L13.293 8.5H1.5A.5.5 0 0 1 1 8z"></path></svg><!--]--></a></div><!--]--><div class="cc-post-toolbar"><ul class="list-unstyled d-flex mb-0 row gx-5 p-0"><!----><li class="col-auto"><a class="border-0 p-0 bg-transparent row gx-1 align-items-center" href="https://www.podbean.com/site/EpisodeDownload/PBF81354BZ9PH" target="_blank" title="Download"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-down-square col-auto" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M15 2a1 1 0 0 0-1-1H2a1 1 0 0 0-1 1v12a1 1 0 0 0 1 1h12a1 1 0 0 0 1-1V2zM0 2a2 2 0 0 1 2-2h12a2 2 0 0 1 2 2v12a2 2 0 0 1-2 2H2a2 2 0 0 1-2-2V2zm8.5 2.5a.5.5 0 0 0-1 0v5.793L5.354 8.146a.5.5 0 1 0-.708.708l3 3a.5.5 0 0 0 .708 0l3-3a.5.5 0 0 0-.708-.708L8.5 10.293V4.5z"></path></svg><span class="text-gray col-auto item-name">Download</span><span class="text-gray col-auto">8.9K</span></a></li><li class="col-auto"><button class="border-0 p-0 bg-transparent row gx-1 align-items-center" title="Share" data-bs-toggle="modal" data-bs-target="#shareModal"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" 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A Conversation With Harvard’s Ed Glaeser" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Wednesday Oct 28, 2020</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play The Future Of Cities. A Conversation With Harvard’s Ed Glaeser"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button></div></div><div class="card-body position-relative"><div class="card-body-button-title"><button type="button" class="btn btn-link play-button e-r-play-button" title="Play The Future Of Cities. A Conversation With Harvard’s Ed Glaeser"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/the-future-of-cities-a-conversation-with-harvard-s-ed-glaeser/" class="text-decoration-none text-truncate"><!--[-->The Future Of Cities. A Conversation With Harvard’s Ed Glaeser<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Wednesday Oct 28, 2020</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Wednesday Oct 28, 2020</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>Does Zoom mean we all work from home? Will cities bounce back? Will San Francisco and New York fade and smaller cities grow? What problems are the policies causing and can cities reverse downward spirals? How to help unfortunate people who live in cities? Join us for a fast paced discussion with a leader in the field.</p></p><!----></div><div class="read-more"><a href="/e/the-future-of-cities-a-conversation-with-harvard-s-ed-glaeser/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 .5-.5h11.793l-3.147-3.146a.5.5 0 0 1 .708-.708l4 4a.5.5 0 0 1 0 .708l-4 4a.5.5 0 0 1-.708-.708L13.293 8.5H1.5A.5.5 0 0 1 1 8z"></path></svg><!--]--></a></div><!--]--><div class="cc-post-toolbar"><ul class="list-unstyled d-flex mb-0 row gx-5 p-0"><!----><li class="col-auto"><a class="border-0 p-0 bg-transparent row gx-1 align-items-center" href="https://www.podbean.com/site/EpisodeDownload/PBF0B38DYCZXS" target="_blank" title="Download"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-down-square col-auto" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M15 2a1 1 0 0 0-1-1H2a1 1 0 0 0-1 1v12a1 1 0 0 0 1 1h12a1 1 0 0 0 1-1V2zM0 2a2 2 0 0 1 2-2h12a2 2 0 0 1 2 2v12a2 2 0 0 1-2 2H2a2 2 0 0 1-2-2V2zm8.5 2.5a.5.5 0 0 0-1 0v5.793L5.354 8.146a.5.5 0 1 0-.708.708l3 3a.5.5 0 0 0 .708 0l3-3a.5.5 0 0 0-.708-.708L8.5 10.293V4.5z"></path></svg><span class="text-gray col-auto item-name">Download</span><span class="text-gray col-auto">12.7K</span></a></li><li class="col-auto"><button class="border-0 p-0 bg-transparent row gx-1 align-items-center" title="Share" data-bs-toggle="modal" data-bs-target="#shareModal"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-share col-auto" viewbox="0 0 16 16"><path d="M13.5 1a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zM11 2.5a2.5 2.5 0 1 1 .603 1.628l-6.718 3.12a2.499 2.499 0 0 1 0 1.504l6.718 3.12a2.5 2.5 0 1 1-.488.876l-6.718-3.12a2.5 2.5 0 1 1 0-3.256l6.718-3.12A2.5 2.5 0 0 1 11 2.5zm-8.5 4a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zm11 5.5a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3z"></path></svg><span class="text-gray item-name col-auto">Share</span></button></li></ul></div></div></div><div class="col6 mt-0 card bg-transparent border-0 d-md-flex list"><div class="episode-logo position-relative" href="javascript:void(0)"><div class="e-logo"><img class="object-fit-cover" width="300" height="300" alt="The Urban Future" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Wednesday Sep 16, 2020</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play The Urban Future"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button></div></div><div class="card-body position-relative"><div class="card-body-button-title"><button type="button" class="btn btn-link play-button e-r-play-button" title="Play The Urban Future"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/the-urban-future/" class="text-decoration-none text-truncate"><!--[-->The Urban Future<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Wednesday Sep 16, 2020</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Wednesday Sep 16, 2020</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>John Cochrane examines the headwinds facing American cities in light of the COVID pandemic, urban riots, and economic hardships. Are these the leading indicators of a post-urban future? Or are our cities more resilient than we give them credit for</p></p><!----></div><div class="read-more"><a href="/e/the-urban-future/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 .5-.5h11.793l-3.147-3.146a.5.5 0 0 1 .708-.708l4 4a.5.5 0 0 1 0 .708l-4 4a.5.5 0 0 1-.708-.708L13.293 8.5H1.5A.5.5 0 0 1 1 8z"></path></svg><!--]--></a></div><!--]--><div class="cc-post-toolbar"><ul class="list-unstyled d-flex mb-0 row gx-5 p-0"><!----><li class="col-auto"><a class="border-0 p-0 bg-transparent row gx-1 align-items-center" href="https://www.podbean.com/site/EpisodeDownload/PBEBD4F0BFCIQ" target="_blank" title="Download"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-down-square col-auto" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M15 2a1 1 0 0 0-1-1H2a1 1 0 0 0-1 1v12a1 1 0 0 0 1 1h12a1 1 0 0 0 1-1V2zM0 2a2 2 0 0 1 2-2h12a2 2 0 0 1 2 2v12a2 2 0 0 1-2 2H2a2 2 0 0 1-2-2V2zm8.5 2.5a.5.5 0 0 0-1 0v5.793L5.354 8.146a.5.5 0 1 0-.708.708l3 3a.5.5 0 0 0 .708 0l3-3a.5.5 0 0 0-.708-.708L8.5 10.293V4.5z"></path></svg><span class="text-gray col-auto item-name">Download</span><span class="text-gray col-auto">8.7K</span></a></li><li class="col-auto"><button class="border-0 p-0 bg-transparent row gx-1 align-items-center" title="Share" data-bs-toggle="modal" data-bs-target="#shareModal"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-share col-auto" viewbox="0 0 16 16"><path d="M13.5 1a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zM11 2.5a2.5 2.5 0 1 1 .603 1.628l-6.718 3.12a2.499 2.499 0 0 1 0 1.504l6.718 3.12a2.5 2.5 0 1 1-.488.876l-6.718-3.12a2.5 2.5 0 1 1 0-3.256l6.718-3.12A2.5 2.5 0 0 1 11 2.5zm-8.5 4a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zm11 5.5a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3z"></path></svg><span class="text-gray item-name col-auto">Share</span></button></li></ul></div></div></div><div class="col6 mt-0 card bg-transparent border-0 d-md-flex list"><div class="episode-logo position-relative" href="javascript:void(0)"><div class="e-logo"><img class="object-fit-cover" width="300" height="300" alt="Slouching Towards a Debt Crisis" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Friday Sep 11, 2020</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play Slouching Towards a Debt Crisis"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button></div></div><div class="card-body position-relative"><div class="card-body-button-title"><button type="button" class="btn btn-link play-button e-r-play-button" title="Play Slouching Towards a Debt Crisis"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/slouching-towards-a-debt-crisis/" class="text-decoration-none text-truncate"><!--[-->Slouching Towards a Debt Crisis<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Friday Sep 11, 2020</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Friday Sep 11, 2020</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>Federal debt has now hit 100% of GDP. With no sign that spending will be reined in anytime soon, John Cochrane looks at the possible consequences — and potential fixes for — an economy headed for a reckoning.</p></p><!----></div><div class="read-more"><a href="/e/slouching-towards-a-debt-crisis/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 .5-.5h11.793l-3.147-3.146a.5.5 0 0 1 .708-.708l4 4a.5.5 0 0 1 0 .708l-4 4a.5.5 0 0 1-.708-.708L13.293 8.5H1.5A.5.5 0 0 1 1 8z"></path></svg><!--]--></a></div><!--]--><div class="cc-post-toolbar"><ul class="list-unstyled d-flex mb-0 row gx-5 p-0"><!----><li class="col-auto"><a class="border-0 p-0 bg-transparent row gx-1 align-items-center" href="https://www.podbean.com/site/EpisodeDownload/PBEB3597QQ7RM" target="_blank" title="Download"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-down-square col-auto" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M15 2a1 1 0 0 0-1-1H2a1 1 0 0 0-1 1v12a1 1 0 0 0 1 1h12a1 1 0 0 0 1-1V2zM0 2a2 2 0 0 1 2-2h12a2 2 0 0 1 2 2v12a2 2 0 0 1-2 2H2a2 2 0 0 1-2-2V2zm8.5 2.5a.5.5 0 0 0-1 0v5.793L5.354 8.146a.5.5 0 1 0-.708.708l3 3a.5.5 0 0 0 .708 0l3-3a.5.5 0 0 0-.708-.708L8.5 10.293V4.5z"></path></svg><span class="text-gray col-auto item-name">Download</span><span class="text-gray col-auto">7K</span></a></li><li class="col-auto"><button class="border-0 p-0 bg-transparent row gx-1 align-items-center" title="Share" data-bs-toggle="modal" data-bs-target="#shareModal"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-share col-auto" viewbox="0 0 16 16"><path d="M13.5 1a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zM11 2.5a2.5 2.5 0 1 1 .603 1.628l-6.718 3.12a2.499 2.499 0 0 1 0 1.504l6.718 3.12a2.5 2.5 0 1 1-.488.876l-6.718-3.12a2.5 2.5 0 1 1 0-3.256l6.718-3.12A2.5 2.5 0 0 1 11 2.5zm-8.5 4a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zm11 5.5a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3z"></path></svg><span class="text-gray item-name col-auto">Share</span></button></li></ul></div></div></div><div class="col6 mt-0 card bg-transparent border-0 d-md-flex list"><div class="episode-logo position-relative" href="javascript:void(0)"><div class="e-logo"><img class="object-fit-cover" width="300" height="300" alt="Dealing with Debt: Ideas from the Ridiculous to the Sublime" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Friday Jun 12, 2020</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play Dealing with Debt: Ideas from the Ridiculous to the Sublime"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button></div></div><div class="card-body position-relative"><div class="card-body-button-title"><button type="button" class="btn btn-link play-button e-r-play-button" title="Play Dealing with Debt: Ideas from the Ridiculous to the Sublime"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/dealing-with-debt-ideas-from-the-ridiculous-to-the-sublime/" class="text-decoration-none text-truncate"><!--[-->Dealing with Debt: Ideas from the Ridiculous to the Sublime<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Friday Jun 12, 2020</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Friday Jun 12, 2020</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>John Cochrane provides a critical examination of Modern Monetary Theory — and explains why an innovative financial instrument known as a perpetual bond may improve America’s ability to manage its debt load.</p></p><!----></div><div class="read-more"><a href="/e/dealing-with-debt-ideas-from-the-ridiculous-to-the-sublime/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 .5-.5h11.793l-3.147-3.146a.5.5 0 0 1 .708-.708l4 4a.5.5 0 0 1 0 .708l-4 4a.5.5 0 0 1-.708-.708L13.293 8.5H1.5A.5.5 0 0 1 1 8z"></path></svg><!--]--></a></div><!--]--><div class="cc-post-toolbar"><ul class="list-unstyled d-flex mb-0 row gx-5 p-0"><!----><li class="col-auto"><a class="border-0 p-0 bg-transparent row gx-1 align-items-center" href="https://www.podbean.com/site/EpisodeDownload/PBDFA8F5UBG59" target="_blank" title="Download"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-down-square col-auto" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M15 2a1 1 0 0 0-1-1H2a1 1 0 0 0-1 1v12a1 1 0 0 0 1 1h12a1 1 0 0 0 1-1V2zM0 2a2 2 0 0 1 2-2h12a2 2 0 0 1 2 2v12a2 2 0 0 1-2 2H2a2 2 0 0 1-2-2V2zm8.5 2.5a.5.5 0 0 0-1 0v5.793L5.354 8.146a.5.5 0 1 0-.708.708l3 3a.5.5 0 0 0 .708 0l3-3a.5.5 0 0 0-.708-.708L8.5 10.293V4.5z"></path></svg><span class="text-gray col-auto item-name">Download</span><span class="text-gray col-auto">10.4K</span></a></li><li class="col-auto"><button class="border-0 p-0 bg-transparent row gx-1 align-items-center" title="Share" data-bs-toggle="modal" data-bs-target="#shareModal"><svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-share col-auto" viewbox="0 0 16 16"><path d="M13.5 1a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zM11 2.5a2.5 2.5 0 1 1 .603 1.628l-6.718 3.12a2.499 2.499 0 0 1 0 1.504l6.718 3.12a2.5 2.5 0 1 1-.488.876l-6.718-3.12a2.5 2.5 0 1 1 0-3.256l6.718-3.12A2.5 2.5 0 0 1 11 2.5zm-8.5 4a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3zm11 5.5a1.5 1.5 0 1 0 0 3 1.5 1.5 0 0 0 0-3z"></path></svg><span class="text-gray item-name col-auto">Share</span></button></li></ul></div></div></div><div class="col6 mt-0 card bg-transparent border-0 d-md-flex list"><div class="episode-logo position-relative" href="javascript:void(0)"><div class="e-logo"><img class="object-fit-cover" width="300" height="300" alt="Welcome to the ‘Careful’ Economy" src="https://pbcdn1.podbean.com/imglogo/image-logo/7442674/grumpyeconomist_1400px_300x300.jpg" loading="lazy"></div><p class="e-l-date"><!----><span class="episode-date">Thursday May 28, 2020</span></p><div class="hover-bg"></div><div class="play-bg position-absolute d-flex align-items-center justify-content-center"><button type="button" class="btn btn-link play-button" title="Play Welcome to the ‘Careful’ Economy"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button></div></div><div class="card-body position-relative"><div class="card-body-button-title"><button type="button" class="btn btn-link play-button e-r-play-button" title="Play Welcome to the ‘Careful’ Economy"><span class="play-button-bg"><svg t="1622017593702" class="icon icon-play" fill="currentColor" viewbox="0 0 1024 1024" version="1.1" xmlns="http://www.w3.org/2000/svg" p-id="12170" width="30" height="30"><path d="M844.704269 475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/welcome-to-the-careful-economy/" class="text-decoration-none text-truncate"><!--[-->Welcome to the ‘Careful’ Economy<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Thursday May 28, 2020</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Thursday May 28, 2020</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>John Cochrane analyzes the difficulties of reopening the American economy with restrictive new protocols, argues that the enthusiasm for bringing industry back from China is overwrought, and warns that the risk of future inflation is real.</p></p><!----></div><div class="read-more"><a href="/e/welcome-to-the-careful-economy/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 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2020</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>John Cochrane looks at the prospects that we’ll successfully reopen the economy without setting off another round of coronavirus outbreaks, explains what’s behind the models that got the virus’s trajectory so wrong, and explains how emergency economic measures could come back to haunt us in the future.</p></p><!----></div><div class="read-more"><a href="/e/stop-parties-not-production/" class="text-decoration-none text-truncate"><!--[--> Read more <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="currentColor" class="bi bi-arrow-right" viewbox="0 0 16 16"><path fill-rule="evenodd" d="M1 8a.5.5 0 0 1 .5-.5h11.793l-3.147-3.146a.5.5 0 0 1 .708-.708l4 4a.5.5 0 0 1 0 .708l-4 4a.5.5 0 0 1-.708-.708L13.293 8.5H1.5A.5.5 0 0 1 1 8z"></path></svg><!--]--></a></div><!--]--><div class="cc-post-toolbar"><ul class="list-unstyled d-flex mb-0 row gx-5 p-0"><!----><li 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475.730473L222.284513 116.380385a43.342807 43.342807 0 0 0-65.025048 37.548353v718.692951a43.335582 43.335582 0 0 0 65.025048 37.541128l622.412531-359.342864a43.357257 43.357257 0 0 0 0.007225-75.08948z" fill="" p-id="12171"></path></svg></span></button><div class="right-title-date"><h2 class="card-title e-title text-truncate"><a href="/e/covid-on-campus/" class="text-decoration-none text-truncate"><!--[-->COVID on Campus<!--]--></a></h2><p class="r-t-date text-gray"><!----><span class="episode-date">Thursday Apr 30, 2020</span></p></div></div><p class="e-date text-gray"><!----><span class="episode-date">Thursday Apr 30, 2020</span></p><!--[--><div class="episode-description"><p class="e-description text-two-line card-text"><p>John Cochrane looks at how the coronavirus pandemic may alter American higher education, both in 2020 and beyond.</p></p><!----></div><div class="read-more"><a href="/e/covid-on-campus/" class="text-decoration-none text-truncate"><!--[--> Read more <svg 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