Our topic in this episode is focused on inflation and the US economy, with special guest John Cochran, an economist and Senior Fellow at the Hoover Institution at Stanford University. Previously, John was a professor of finance at the University of Chicago Booth School of Business. John writes occasional op-eds for the Wall Street Journal and blogs as the Grumpy Economist at johncochrane.com, and he recently created a Coursera outline course called Asset Pricing, covering first year PhD asset pricing. He has a new book out this month entitled “The Fiscal Theory of the Price Level.” We hope you enjoy our conversation.