What “Is” Is: John Cochrane On Recessions, Inflation, The Fed, Debt and “Green Pork”

Are we in a recession, what are the roots of the present inflationary spiral, what’s valid criticism of Federal Reserve policy and federal spending choices? John Cochrane, the Hoover Institution’s Rose-Marie and Jack Anderson senior fellow and proprietor of the Grumpy Economist blog, walks us these and other economic questions.