Should Canada dollarize? Should sovereign debt be modeled as risk-free? Why is monetarism unfit for modern financial markets? John Cochrane, Senior Fellow at the Hoover Institute and blogger at The Grumpy Economist, joins Rasheed on the podcast. They discuss core themes in macroeconomics and why financial tools are underutilized in stabilizing economies to make them more conducive for growth.


Links and Recommendations

1. Toward a Run-free Financial System by John H. Cochrane
2. Fiscal Histories by John H. Cochrane
3. The Fiscal Theory of the Price Level by John H. Cochrane
4. Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks by Robert Shiller
5. Indexed Units of Account: Theory and Assessment of Historical Experience by Robert Shiller
6. Central Banking 101 by Joseph Wang (also, previous podcast with Joseph)
7. Money Changes Everything: How Finance Made Civilization Possible by William Goetzmann