Why Inflation Happens, with John Cochrane

Sandra Day O'Connor Institute · Jun 15, 2023 · 47m

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…