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Fiscal Theory of Price Level and State of Macroeconomics | Q&A with John Cochrane...

John Cochrane talks about Fiscal Theory of Price Level and how can we apply this theory on the current macroeconomy.

What is FTPL (Fiscal Theory of Price Level)?

The Fiscal Theory of the Price Level says that money has value because the government accepts it for taxes, and inflation is fundamentally a fiscal phenomenon

Global Economy

Interviews

Interview with Paul Romer on large scale Covid testing – Transcript

Edited transcript of our interview with Paul Romer, on why the US urgently to scale up testing for Covid-19 and why he thinks the covid-crisis amounts an intellectual failure