2min chapter

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Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution

Uncommon Knowledge

CHAPTER

Chicago Supply and Demand

Economists too often give a clever name to a puzzle, proclaim that no standard economic model can explain it and invent a new theory. But fiscal theory is much in the Chicago tradition. Takes you further a little bit of hard supply and demand work. And I hope again if we could bring back Milton's Ghost and say, Milton, we loved your monetary theory for years.

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