The Art of Gliding: Parallels Between Flight and Economic Theory

How does a promising young scholar go from dreams of designing glider planes to the study of physics and then on to a celebrated career as one of the world’s foremost monetary economists? In a “solo” installment of GoodFellows, John Cochrane—Hoover’s Rose-Marie and Jack Anderson senior fellow and coauthor of the newly released Crisis Cycle: Challenges, Evolution, and Future of the Euro—discusses his academic journey, his mentors, and the fellow economists who’ve inspired him along the way; his ongoing concerns with inflation and debt; plus his interest in penning a follow-up to Milton Friedman’s Free to Choose. Later, John takes part in a “Herbert Hoover Questionnaire,” in which he details proper airplane etiquette (if you occupy the window seat, raise the shade!), describes the virtues of his beloved family dog, and extols the culinary skills of his wife (author Elizabeth Fama, who makes a cameo appearance at the show’s end for the couple’s 39th wedding anniversary).