What John H. Cochrane thinks about AI and jobs

@john-cochrane · 32 positions · On ppll ↗

Economist at the Hoover Institution, previously at the University of Chicago's Booth School of Business, and the author of the fiscal theory of the price level. Writes at The Grumpy Economist.

John H. Cochrane did not write this page.

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Only John H. Cochrane on AI and jobs. See everyone on AI and jobs

1 dated position, 2026, in their own words. Our reading of what John H. Cochrane has said — not written or endorsed by them.

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1. 13 Oct 2026, 14:14 UTC

   Our readingLowering inflation does not necessarily require long recessions or high unemployment.

   inflation

   Their wordsI don’t think long recessions would be necessary. That’s pure Phillips curve thinking, that the only way to lower inflation is via high unemployment.

   ↗Affordability Trilogy, Part 2grumpy-economist.com