Richmond Fed interviews Cochrane: a must read

Consider this interview of John Cochrane by the Federal Reserve Bank of Richmond as an exploration of the cutting edge of the major issues facing finance & economics, of both application and theory, as well as a great example of effective communication... simplicity, concision & clarity with little to no jargon. 

It is the best piece we've read in some time. We can only hope the administration is listening and that his influence grows.