Prof. John Cochrane: Money, (Fiscal) Inflation, and Political Freedom | RR Understanding Crypto 14

Welcome to our limited edition crypto series. In this episode, we welcome back Professor John Cochrane, who was a guest on the Rational Reminder series, to talk everything money. Professor Cochrane has immense experience on the topic and is a Senior Fellow at the Hoover Institution at Stanford, as well as Stanford Institute for Economic Policy Research. He is also a Research Associate of the National Bureau of Economic Research, an adjunct scholar at the Cato Institute, and was a professor of finance at the University of Chicago Booth School of Business. He is also the author of several books and writes a popular blog called The Grumpy Economist. In this episode, we take a deep dive into the concept of money. We learn what numeraire is, how a numeraire is defined, and explore some of the intricacies of money. We also discuss and unpack the differences between fiscal theory and monetary theory, along with other ideas regarding the value of money. We then delve into how all this relates to cryptocurrencies, what future he sees for crypto, and much more. Tuning into this episode, listeners will challenge their thinking about the economy and how economic relations work. Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca... Book From Today’s Episode: The Fiscal Theory of the Price Level — https://amzn.to/3Q626eT Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/t.... Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter —   / rationalremind   Follow us on Instagram — @rationalreminder Benjamin on Twitter —   / benjaminwfelix   Cameron on Twitter —   / cameronpassmore   Prof. John Cochrane on Twitter —   / johnhcochrane   Prof. John Cochrane — https://www.johnhcochrane.com The Grumpy Economist — https://johnhcochrane.blogspot.com/ 'Fiscal Histories' — https://papers.ssrn.com/sol3/papers.c...