029: John Cochrane on the Future of Finance, MOOC Education, Regulation and the Case for Free Markets

John Cochrane is the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business and is currently Senior Fellow at the Hoover Institution. Professor Cochrane is a Research Associate of the National Bureau of Economic Research and past director of its asset pricing program, and an Adjunct Scholar of the CATO institute. John is past President and Fellow of the American Finance Association, and a Fellow of the Econometric Society. He has been an Editor of the Journal of Political Economy, and associate editor of several journals including the Journal of Monetary Economics. John’s is the author of 3 books including the book Asset Pricing. Other  finance publications include articles on stock and bond markets, exchange rates, interest rates, liquidity premiums and option pricing. John's monetary economics publications include articles on the relationship between deficits and inflation, the effects of monetary policy, and on the fiscal theory of the price level. John currently teaches the MBA class Advanced Investments and a variety of PhD classes in Asset Pricing and Monetary Economics. John earned a Bachelor’s degree in Physics at MIT, and earned his Ph.D. in Economics at the University of California at Berkeley. In addition to research and teaching, John is a competitive sailplane pilot and windsurfs. John blogs as 'The Grumpy Economist'. Find Out: why Professor Cochrane is known as the Grumpy Economist. about John’s Proposed New Structure for US Debt. how to create financial stability with a currency fit for the 21st century. about the advantages of government debt. what happened when Ireland guaranteed the bondholders and entered into a bailout. the limitations to a eurozone country when faced with a bailout. why countries should be allowed to act like companies and default. why Greece should have defaulted and why Ireland should not have bailed out the bondholders. about Professor Cochrane competing in the World Gliding Championship for the USA. why Professor Cochrane delivered his Asset Pricing PhD course as a MOOC. the costs and benefits of delivering a MOOC. how MOOCs will become the textbook of the future. how to monetize a MOOC and which type of course would have mass market appeal. Ireland’s aim to become the capital of MOOCs. how to create a social environment for students using MOOCs. why Professor Cochrane went from a degree in physics to a PhD in Economics.   why people are stuck in the welfare system. and much much more. Visit www.economicrockstar.com/johncochrane to get access to the shownotes page and all the links mentioned inthis interview.