John Cochrane provides a critical examination of Modern Monetary Theory — and explains why an innovative financial instrument known as a perpetual bond may improve America’s ability to manage its debt load.
Articles
I lived in Baltimore from Fall 2019 until Summer 2020. I have walked past “the vacants”. I am delighted to read this Wall Street Journal piece about the new real estate opportunities now playing out as real estate investors buy these properties at really low prices ($45k) and prepare to fix them up and sell them.
August 17, 2026
Articles
Dora and I buy insurance for our car, home, lifespan, health, disability and travel. For profit firms are willing to bet that we won’t crash our car, drop dead, experience a wildfire, become disabled, or have some catastrophe on a trip abroad.
August 16, 2026
Videos
What if the Industrial Revolution began not with steam, but with property rights?
August 17, 2026 • 72 Min Watch
