Podcast appearances and mentions of John Cochran

We speak with writer John Cochran about his novel for young readers titled "Breaking into Sunlight," which is based in large measure on experiences from Cochran's own childhood. It primarily concerns a boy and his mother who have had to suddenly relocate themselves after the boy's father's most recent lapse into alcohol abuse.

Mom Stomp talks Mammograms but FIRST! dishing on Britney, learning a new cuss, November being ALL ABOUT THE CARBS, Jo naming inanimate objects in her home, an email and VM (AKA content) from sweetie pie, Linda Orr. Plus, a VM from first borns FNLN Ben Bolling and John Cochran which includes a boot, a stomp, a question and a reminder to read up on American hero and radio personality, Delilah. #doublevets #thankyouvets #cheshirecats #people.comBACKTHEFUCKOFF #andwerecallingDianeSawyer #Feb29 #greedass #clare #claude #cliff #Clardashians #closertoGod #radiogal #71ontheplate #thanksWorldMarket! #firstborns #content  #onlyburger #acoupleofwhat? #thatsyourson #gnomefortheholidays

On this episode of the Ducks Unlimited Podcast, host Katie Burke interviews Mark Warmath, a Tennessee call collector and outdoor enthusiast. They discuss Callapalooza and the vintage call competition. Mark also tells the story of his personal evolution as a call collector. He describes early days attending the Reelfoot Call Collectors Show and hunting Reelfoot Lake with the Cochrane family. Marks lastly tells us how the Wild Turkey Federation Call Competition came to be and its evolution to what it is today.www.ducks.org/DUPodcast

LTG (Ret.) H.R. McMaster wears many hats. Most important for us at FDD: He's Chairman of the Board of Advisors for our Center on Military and Political Power (CMPP).He served as a commissioned officer in the U.S. Army for 34 years, he holds a doctorate in military history, and he was the 26th assistant to the president of the United States for National Security Affairs.Ways to keep up with him: Reading what he writes as well as listening to both his Battlegrounds podcast and the Good Fellows podcast he does along with historian Niall Ferguson and economist John Cochran from their base at the Hoover Institution.But when he's in Washington — or as Cliff calls it: "Baghdad on the Potomac" — we like to sit him down at FDD and pummel him with questions. Bradley Bowman, senior director of FDD's CMPP, joins the episode to help do just that. 

LTG (Ret.) H.R. McMaster wears many hats. Most important for us at FDD: He's Chairman of the Board of Advisors for our Center on Military and Political Power (CMPP).He served as a commissioned officer in the U.S. Army for 34 years, he holds a doctorate in military history, and he was the 26th assistant to the president of the United States for National Security Affairs.Ways to keep up with him: Reading what he writes as well as listening to both his Battlegrounds podcast and the Good Fellows podcast he does along with historian Niall Ferguson and economist John Cochran from their base at the Hoover Institution.But when he's in Washington — or as Cliff calls it: "Baghdad on the Potomac" — we like to sit him down at FDD and pummel him with questions. Bradley Bowman, senior director of FDD's CMPP, joins the episode to help do just that. 

With commercial banks exposed by the recent bailouts, Americans question whether “their money” is truly safe despite the promises of FDIC insurance. Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit. Mises's A Theory of Money and Credit: Mises.org/TMC Bob's study guide to A Theory of Money and Credit: Mises.org/HAP388a John Cochran, 'The Safest Bank the Fed Won't Sanction': Mises.org/HAP388b]]>

Our topic in this episode is focused on inflation and the US economy, with special guest John Cochran, an economist and Senior Fellow at the Hoover Institution at Stanford University. Previously, John was a professor of finance at the University of Chicago Booth School of Business. John writes occasional op-eds for the Wall Street Journal and blogs as the Grumpy Economist at johncochrane.com, and he recently created a Coursera outline course called Asset Pricing, covering first year PhD asset pricing. He has a new book out this month entitled “The Fiscal Theory of the Price Level.” We hope you enjoy our conversation. 

John Cochrane is an economist, specializing in financial economics and macroeconomics, the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution. Previously John was a Professor of finance at the University of Chicago Booth School of Business and before that at the Department of Economics. Josh is also an author of the Grumpy Economist blog.   In this episode we talked about: John's Background in Economics Interest Rates & Inflation Modern monetary theory  Milton Friedman Market outlook  Fiscal policy Macroeconomic Environment Useful links: https://www.johnhcochrane.com/ https://johnhcochrane.blogspot.com/   Transcription: Jesse (0s): Welcome to the Working Capital Real Estate Podcast. My name's Jessica Galley, and on this show we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, you're listening to Working Capital, the Real Estate podcast. I'm talking with John Cochran today. John is an economist and the Rosemary and Jack Anderson, senior fellow at the Hoover Institute.   He's a former professor of finance at the University of Chicago Booth School of Business, and the Department of Economics, and the author of a great fantastic blog that you should check out The Grumpy Economist. John, how you doing today?   John (45s): Good, thank you.   Jesse (47s): So we talked a little bit before the show, John, you know, the podcast itself, the listeners that we talk a lot about the kind of environment that we play in as entrepreneurs and real estate investors and that being the economy. And you have a up a book that, you know, I heard on another podcast the Fiscal Theory of the Price level, which will put a, a link to and despite the title and to scare anybody off. Maybe you could give a kind of an overview of first of all, maybe your background in economics and, and kind of the work you do, and then we could chat a little bit, a little bit about the book.   John (1m 22s): Great. Let's see. I'm, I'm economist and I've been thinking about money and inflation since 1982 and I've split my time between thinking about that and thinking about stocks and bonds. So money inflation, business cycle stocks and bonds and a whole bunch of other things. Being an economist is a wonderful thing because we, you can, you can jump from one thing to another and, and actually, you know, make real contributions in lots of places. The book is called The Fiscal Theory of the Price Level.   If you Google me and find my website, you'll find the book. You will also, the book is full of equations and designed to convince my fellow economists that they need to come over to this. There are some essays on the same website, which I re recommend. You start with, fiscal histories are particularly like no equations and tries to tell a different story about where inflation came from and where it's going in the US over the last, in the postwar period. The basic idea is where does inflation come from?   Not so much too much money chasing too few goods, but more importantly, too much overall government debt relative to what people think the government is willing and able to pay back. And if you're sitting on say, oh, 30 trillion of government debt and you think government is, is good for about 20 trillion of it, what you do is you try to get rid of that. It's terrible invest. What do you do with an overpriced investment? I think everybody understands this. What do you do with an overpriced house? You sell it. But if we all try to sell government debt, then the only thing we can do for it, it is, oh, buy houses.   And we've been put upward pressure on the price of goods and services. So that ultimately is where inflation comes from. That doesn't mean the Fed doesn't have a big role to play, so I won't bother you the equations, but interest rate policy still is quite important in figuring out where inflation will go. But it isn't everything and when people are, are, don't fundamentally trust the government, there's really not that much the Fed can do about it. The Fed can kind of smooth it out for a while, but there's not that much. So I'll, I'll stop there and we can see how deep you want to go into theory or into explaining the real world or into real estate.   Jesse (3m 34s): Yeah, I think what would be interesting is that from, you know, it wasn't too long ago, we were oh 7, 0 8, 0 9, it was a different environment from the financial crisis, but we had lower interest lowered interest rates to such a degree where people were starting to question the traditional, the traditional economic framework where we have interest rates at this low amount. We had quantitative easing, but we didn't seem to have any inflation. Maybe you could talk a little bit about, you know, what mechanisms were at play during that time and, and if there is a, you know, if there's a logical connection between that environment, you know, what past that and, and where we're at right now.   John (4m 13s): Yeah, so I don't buy there, there's a lot of blah blah about how the Fed kept interest rates absurdly low over 10 years and so forth. Really the Fed is not that powerful. The Fed cannot keep real interest rates low for actually 20, 30 years that they have been very low by historical standards that has to come from the real economy. The Fed can move things around for a year or two, but in the end, very low interest rates come from real factors and interest rates were low, inflation was low.   People were willing to hold the government's debt part that the fiscal situation in the US wasn't great, but there wasn't a lot of news about it. And I think at least not just 7, 8, 9, but also throughout the 2000 tens when interest rates remained low despite deficits. I think the people holding us treasuries say, Look, us is a great country and yes, the CBO reports are scary, but America will always do the right thing after we try everything else.   As Winston Churchill, I guess did not say, but he should have said, and you know, that fixing the long run fiscal problem in the US is not that hard. We just have to sit around and decide we want to do it. So sooner or later we'll do it. I think the, the five, no, why are we having inflation now? The government in the pandemic printed up $5 trillion of new money, well, it printed up three and, and borrowed another two and sent people checks. And that's, that is just massive.   And I, I think people are starting to question, is the government really good for it? And we're seeing that not just in the US and tumult the treasury market. We're seeing that in the uk. We may be starting to see that in Europe as well. Well, so I think that kind of explains the difference. Now, I'm, I'm telling stories, but at least there's plausible stories here.   Jesse (6m 5s): So when it comes to the understanding that in the entrepreneurial space and real estate and the greater economy that we, we go through cycles, we go through time of growth, we go through time of contraction, Is this just an artifact of, of just the modern economy that we're gonna have ebbs and flows and we're gonna have times where, you know, the, the getting's good and, and then times when it's not so not so great. Or is the, is the chief goal the ultimate goal to have some sort of normality that plays out for a longer period of time?   John (6m 36s): I think everyone's goal is normality that plays up for some period of time. And you're asking a deep question, which I won't answer, is how much of fluctuation, especially in, in real estate is, is natural to the economy? How much of it is a, you know, some pathology of the private economy that some government might be able to fix someday? And how much is induced by government policy? I would say for real estate investors batten down the hatches. We're on our way to a tough time. This one is pretty obviously induced by government policy and, and not just monetary policy and fiscal policy.   You know, we, we saw certainly in 2007, 2008, how the regulatory environment encouraged booms and busts. And I think our current regulatory environment makes matters worse rather than makes matters better, you know, subsidizing the boom and then pulling everything back in the bust. But it's certainly where we're heading now is, I think ask your parents and grandparents about the 1970s. I think it's fairly clear we have a burst of inflation that that comes from somewhere. I think it comes from the, you know, the massively overdone stimulus, but take your pick where it comes from.   You know, in the 1970s we had inflation that came from fiscal policy. Johnson wanted the Vietnam War and the Great Society, and then we had also oil price shocks. Ah, welcome to the 1970s. You know, get your flowered shirts and your bell-bottom jeans out cuz oil price shocks get things going. The fed is late to the game and then the fed slams on the brakes. Does that sound familiar? So I think it's fairly clear where we're going to go. Our fed has woken up and I think it's a, I can't really bet on where the economy's going, but I think, I'm pretty sure what the fed's gonna do.   As long as inflation remains high, the Fed is gonna keep raising rates 75 basis points a shot. And so we will see how, what I don't know is if that will lower inflation, how long that will lower inflation, but the fed's gonna keep raising rates. I think it's fairly clear that is going to cause an economic slowdown, if not a recession. I mean they're, what they're trying to do is add just enough recession to offset the boom. You know, you're trying to land a plane, they call soft landing. You're trying to land a plane while the engines are gone full tilt, which ain't that easy.   So they're trying to add enough and, and typically the fed fed adds more recession. So I, I think it's quite possible we head into recession, but the mechanism of what the fed's trying to do is raise interest rates. And that what does that hurt? That raising interest rates doesn't so much make you go out for burgers less often. And so often demand for restaurants raising interest rates is designed to to to lower interest sensitive spending. Okay. Unpack fed speak codes, that means you, Mr real estate, the design here is to raise interest rates, which lowers house prices, makes people less willing to sell houses, lower raises, mortgage rates makes it harder to buy houses.   So, you know, the whole point is to try to soften down a real estate boom. Not made any better by our country's ridiculous zoning planning and other bureaucracy that I, so I live in Palo Alto where it's just infuriating Yeah. Where house prices have been driven very, very high. Not so much by too much demand, but by just the refusal of the government to allow usli.   Jesse (9m 58s): So I was just speaking with you before the podcast. I was just coming back from San Diego. I live in Toronto and and Canada and, and I find that Ontario here is pretty similar in policy too. A lot of the California policies when it comes to real estate. I do wanna ask about a specific thing here on inflation, but before we do on that real estate, on the real estate topic, what we saw for the last few years was an extremely high, especially in our markets and the major markets in the states, an extremely high push on asset valuation, specifically in industrial and multi-res and low, low cap rates, which don't always follow interest rates, but you know, the spread is, is usually somewhat consistent.   I guess the question here is we do have inflation now we have a business real estate where we do pass on inflation typically to our customers, ie. Renters. But what do you think that the, and I I take asset values not just in real estate, but the stock market in general. I think the question often people have is how do we have the valuations going one way from the asset perspective in, in, but inflation hitting people in a different way on the consumer level like the, the interplay there.   John (11m 10s): Yeah, thank you. You put on my asset pricing hat. I mean one of the most fundamental things you have to understand with asset pricing is that when interest rates go up, values go down. When bond yields go up, bond prices go down. And so why are we seeing the stock market go down? Why are we seeing property values go down? You know, every asset, there's two things. There's the cash flow and there's the discount rate go, you know, back to school. Here we go.   Why? Because if an alternative investment can get you a higher rate of return, then you know you're gonna pay less for, you know, this, this whatever investment we're talking about a house or a stock or whatever. In some sense that's good news for very long run investors. When you see all asset valuations, stocks, bonds, real estate going down at the same time, what you're seeing that that effect is just the required rate of return going up, but it means the underlying cash flows are the same as they were before.   So unless you have to post margin Mr UK pension funds or you know, unless you're cash constrained in some sense, the long run investor can just wait it out. It means that those, you know, the dividends you'll get from your stocks haven't particularly gone down the, with the rents you'll get from your house or in fact going up and you know, you can have rising rents and lower property values. Well because the required rate of return goes up. So if you can just wait it out, those, those rents are there.   Now also the, the rents are rising. You know, you, we have to put our inflation hat back on. If you are not, if something isn't going up 10%, it's going down. That goes for everything. Anything that's not, you know, if your rent, if your rent is only going up 10% a year, then it's just treading water, relative inflation. If your wages are not going up 10 per nine, 10%, they're going down. Hello, this is to my boss.   So that, I think that's why it's possible both things they go opposite direction. Now, on top of that, we are I think heading into at least an economic slowdown, if not a recession. And that will bring, you know, pressure on, on the dividends and the cash flows, on the rents and so forth. And real estate is, I shouldn't be telling you about real estate, you know, way more than me, but location, location, location, yeah. So there's all sorts of low rents in, you know, Gary, Indiana or places downtown San Francisco. Places don't wanna be, people don't wanna be anymore.   So it depends on being in the right place, which is where people still wanna be and where unfortunately you're on the wrong side of this, where governments don't let competitors build apartment houses to, to lower their ends on.   Jesse (14m 2s): Yeah. And I think part of it, to me it seems it's the imperfect nature of especially real estate. You know, we can be as sophisticated as we want on the commercial side, but it, I think the stickiness of prices is, is just that very real aspect that the bid ask spread is still there. And owners don't want to admit that they're gonna have to write down to a certain extent these assets. No,   John (14m 25s): I must, this is one from an economist point of view, this is one of the most classic puzzles of real estate. Why is it in soft markets people clinging to yesterday's price rather than, you know, why don't, why don't we have just auctions? You know, I'm gonna say yeah, people keep hoping for it to turn around on, on the downside. And so trading volume falls when the prices are going down. There must be something about, you know, not willing to recognize Mark to market losses or,   Jesse (14m 53s): I I, yeah. I think it's part of the reason that so many investors I would take, take myself included, get into real estate, it's that I can't press a button and sell the thing. I think it's just the aspect that the the the cost, the, the selling costs is so great. But I I totally get what your, your point of view cuz we deal with in commercial real estate and we're supposed to be these sophisticated investors, pension funds, REITs and Yeah, I think that yeah, they just, they clinging to yester yesterday's or last year's price. I think that's, well   John (15m 23s): I know some of them like university endowments. Yeah. Have a cynical view. Why do university endowments like Stanford's invest in a lot of real estate and not just Vanguard total market portfolio and save themselves in van, in Stanford's case, $800 million a year on fees. Well, not marking at the market every year is, is very convenient for not saying, Oh we lost 20% of your money last year on occasion. But I dunno, that's, that's a pet theory that may be false.   Jesse (15m 51s): So, So John, there's a quote that I know you're, you're very familiar with and it's, i i I venture to guess it's somewhat of a misquote cause I don't think it takes the whole quote into account, but it's from Milton Freeman and it's that inflation is always an everywhere a monetary phenomenon. I think he was a little bit more specific, but that's usually the headline. What are your thoughts on that? Because I think you're, you're kind of proposing that fiscal seems to be an equation, part of the equation that, that the mon the mons have left out.   John (16m 23s): Yep. I think Friedman was 90% right and he was maybe 99% right in 1935 and 1965 and, and less so today, most of the episodes that you look at, he was deeply historical in fact based, he wasn't a big lots of equations theorist, but most of the episodes he looked at were cases where governments were printing up money to finance deficits and therefore causing inflation. You, you know, why is Argentina, Venezuela, Zimbabwe having inflation?   Not because their central bankers are too dumb to know what they're doing, but because they are, they they want to spend money and they can't tax it and they can't borrow it, so they print it. Now that is money in that case is just another form of government debt. So, you know, fiscal theory and monetary theory agree entirely. If the government is printing up money to finance a deficit, you get inflation. And that's, I think what we just saw. Now, the disagreement is, is much more subtle.   Suppose the government drops 5 trillion bucks from helicopters, you feel great, you go out and spend it, you create inflation. But suppose at the same time they tell you, Oh by the way our burglars went to your safe and took 5 trillion of treasury bills out of the safe. Or more realistically, you know, they send you a stimulus check for 10,000 thousand bucks, but they also say, Oh by the way, your taxes are going up 10,000 bucks today. Now will that cause inflation? What I've just done is I've, I've wiped out the question of, of wealth, the feeling that this stuff is, is yours to spend and we've just changed it to you have too much money and too few bonds, so the composition of your portfolio is a little off.   You have too many fives and tens and not enough twenties. Is that gonna make you go out and spend like crazy? Hmm, not so obvious. So in fact, the core monitor is prescription is that you can, all that matters is controlling the quantity of money. Don't worry about the quantity of bonds so that if you take in money and give out bonds or gi or take in a bonds and give out money, that's crucial for inflation. Whereas I think it's the overall quantity that that really matters. And, and you can see that's a much less obvious proposition.   Jesse (18m 42s): So his, his prescription, I think, you know, I think generally was that from, from a policy standpoint was that we have some percentage, I don't something similar to a Taylor rule where we are going to raise, raise kind of rates at a consistent percentage each year. I think, I think if I remember there was a, a video or quote, he said, just get a computer and replace the Fed. You know, what, what was, what was the perspective there? What was his, his intent and and what other policy mechanisms do you think like writing this book that, that we have at our disposal or the fed does?   John (19m 18s): Yeah, so to just, to, let me finish the last thought and and add to your question in Friedman was, was right, there's nothing logically wrong about what he said, but it's a world where money really matters. Where, where in Friedman's world you had to cash a check at a bank and get out cash on Friday if you wanted to eat dinner on a Saturday. So, so to let them use, there were no credit cards, there was no I iPhone and he was also thinking of a world where government, nobody worried about the US government paying back its debt.   So if you look at the footnotes, it was always, oh by the way, you know, this only holds if everyone trusts the government to pay back its debt. So there's a very real sense in which, you know, he gave a logically coherent theory for a different world. And we live in a different world. We live in a world where, where we have credit cards, where the money that matters reserves, pays interests. And where we're a little bit worried about Gartner, Now let's back to your, let me now answer your question. Friedman advocated that the Fed should just let the stock of money grow at 4% a year and just, you know, get rid of the huge building and the press conferences and the 15,000 economists and others just let money grow at fourth percent.   He did not argue that this was the best, a perfectly rational all seeing, you know, central planner could do. He just recognized that the Fed is run by humans and they're gonna get overenthusiastic and they're, they're, his analogy was, it's like a, a shower you'd turn on the hot and it would get too hot and turn on the cold and it would get too cold. Just leave it alone and it'll be okay because in his historical analysis, mo the Great Depression as well as many of the postwar sessions were caused by the Fed being too late to the party and then, you know, not just taking the punch bowl away, but, but you know, throwing ice on everybody or or whatever.   Now in 19 eight, the problem first problem with that is in 1980 the Fed did try to just control the money supply and we found out it didn't work. So controlling the money supply it, it led to a lot of volatility and I think even Friedman recognized it. But John Taylor came along and said, well the Fed doesn't have to control the money supply. It could be much more predictable. It can set interest. That's what our fed does. Our fed sets interest rates. It doesn't even pretend to control the money supply because that doesn't, we discovered the real world is the head of theory, the real world discovered controlling the money supply doesn't work.   And and theory is just now with, with my book and some others catching up. So John Taylor has, has this approach, well, okay, the Fed setting interest rates, but rather than sit around a table and, and burn the incense and wave the dead chickens and, and consult the astrologers and figure out what to do, Freedman was right. Being more predictable, not not just figuring out on a base would be much better for markets for everybody because as you know, as, as everyone is everybody's guess, all the volatility in the economy is guessing what the Fed is gonna do.   This is a deep point, you know, what is the financial press about all the time? Is it about how many, you know, the zoning sanity comes to the zoning council of Palo Alto or is it about people moving to, to Toronto is gonna drive no drive housing prices, It's all about what's the Fed gonna do, what's the Fed gonna do, what's the Fed gonna do? So you can tell right there that the Fed by making off the cuff decisions, is in, in in, is putting volatility in the economy. So Taylor came up with this Taylor rule raised interest rates systematically with inflation, which was designed to work like the money growth rule to make it very clear and transparent to stop us guessing all the time about what the Fed is going do.   It, it isn't, Taylor does not claim it's perfect. He doesn't claim that that the god that the Fed thinks it is couldn't do better. The all-knowing, all seeing perfectly rational economic planner of course could do better. He just recognizes the fed's human, it's a bureaucratic institution. It's, it's liable to group think it's gonna be late. And that expectations matter so much. Being clear and transparent about what you're gonna do is, is better than the current, just make it up as you go along.   So there's your, Sorry, you asked a question for a history of monetary economics and you got it.   Jesse (23m 49s): So there is no homo economists out there at the Fed.   John (23m 54s): Homo Bureaucratics is the best we can hope for and you know, we all criticize the Fed. I I I criticize the Fed and I think too harshly cuz I know most of the people at the Fed and, and let's just be clear, these are really good people, these are really smart people. The 1500 PhD economists, I think that's the number that they, as well as the ones at the Bank of Canada are really good, really smart people. There's no corruption here, but they didn't see the biggest inflation of, of your lifetime coming.   So they've got a whole, you know, staff of their, their mandate is inflation. They have a huge staff of economists, the best people in the world at it. They just couldn't see it coming. There are limits to what bureaucracy can do. So simple and transparent has some advantage. Not cuz people are bad or corrupt, it's just, you know, the best bureaucracy in the world can't, you know, we, we saw the Soviet Union fall apart for just that reason. Planning don't work.   Jesse (24m 54s): So I had a podcast, I think about a year ago now, two podcasts. One was a, the name is escaping me, but it was a professor from George Mason on the one hand. And on the other hand it was a bond trainer. A bond trader locally here. And we were talking about modern monetary theory and you know, for listeners, you know, look it up. I I hate to, I hate to do that, to have a huge explainer. But basically what I, you know, you can just tell by the nature of those two conversations or maybe not one was very, very much in favor of it, one was questioning its existence just high level.   Maybe you could, you could kind of get your view on what mon modern monetary theory ex expounds or tries to expound and, and has this last year or last two years, has that, has that been the nail in the coffin for them or has that been, has that bolstered their theory? How do you think that has played into what we've seen now as two second, you know, blurbs in the news that was this really to, from my perspective as a layperson, kind of a fad of economics for, for a while?   John (25m 60s): Yes, it was. If, if your listeners are interested, I wrote a review of Stephanie Kelton's book in the Wall Street Journal, which you can find either there or on my website, which goes into much more detail, modern monetary theory. What was a fad? And one way of noticing it's a fad is that they wrote popular books, Three quarters of Stephanie Kelton's book is about the wonderful ways the government can spend printed money and how desperately important it is to spend the money. Not, not so much why printing it won't cause inflation.   And it was a bunch of sort of, it's interesting, you look at the citations, they stop in the 1940s there was some ideas warmed over from the 1940s with zero contact with anything anybody has done since now maybe everything we've done since 1945 and economics has been wrong. You know, fields and the social sciences go off on fads before I think Kasey and economics was, was one big mistake too. But at least you have to, you know, if you wanna persuade people, you have to at least show that you know what they said and and why it's wrong.   And it did. It was superficially plausible. It, it, there were some ingredients you can take some good ingredients and, and, and just, just cuz the soup is rotten doesn't mean every ingredient was rotten. So they had one insight that, yeah, governments, they, one of their things was governments that borrow in their own currency don't have to default cuz they can just print up money to pay back the debt. Yeah, that's right. And if that causes inflation, they can just raise taxes to so soak up the money. Yeah, that's right. But they took that and and merged those with a whole bunch of things, you know, then the rotten parts of the soup go in to make, make the claim.   I think Kelton said there always is slack in the US economy. Now that's a quote. And the present tense of the verb is also a quote. And we just found out the end of slack in the US and Canadian economy. So we're done. There is not always slack in the US economy if you print up a lot of money and send it to people as Kelton, as Kelton asked, all the modern monitors said, print out money sent to people. Don't worry, there won't be any inflation. It's the clearest prediction you can ask anyone to make. They made it, boom, we printed up money, sent it to people and what do we get?   Inflation. So I, I hope that one goes on, on the dust bin of history, but it was never serious. And certainly you should look in, in today's media world, you have to learn to be an educated consumer and, and one way in which you're an educated consumer is to look at a theory and ask now of, you know, the theories that are, that are accepted by the mainstream are typically wrong and academia's full of all sorts of politically convenient theories.   But, you know, if it's completely out of the mainstream, you know, that does raise an alarm bell that you should, you should ask. And this one was, was one such. And, and if it's also, if you can see that it's all totally motivated by a political agenda, then that should also raise some alarm bells.   Jesse (29m 2s): So I have one of my favorite books here by Joseph Schumpeter recommend anybody that's never heard of Joseph Schumpeter, check out his work. I think, you know, you'll hear terms like creative destruction. One of his favorite quotes just on your point of, of politicians, I I always like was politicians are like bad horsemen who are so preoccupied with staying in the saddle that they can't bother to figure out where they're going. And you know, it's unfortunate that a lot of the, the policies that you know, that we're trying to get at here are, I guess, you know, tied up in, in the political process   John (29m 36s): If I could just, so it's fun to make fun of monitors, but I think we need need to recognize what a watershed moment inflation is for much more serious and well worked out economic ideas for 10 years. All of the worthies of economic policy, all of the government agencies, all the alphabet soup of international agencies, were talking about secular stagnation. That we just have lack of demand, that we need more fiscal stimulus. That the key to prosperity is to borrow or print money and hand it out.   You know, don't worry about the supply side of the economy whatsoever. Even Janet yell herself that our congressional testimony was asked about, Oh, should we run another one point whatever, $6 billion of government spending? And she said, don't worry about it. Interest costs are so low, interest rates are so low, you know, you can make the payments. I think what, you know, one of the, one of the greatest fallacies of real estate, let's get back to real estate, is don't worry, you know, as you look at the monthly payment, here's the big McMansion, Oh, but I don't have a job, don't worry about it.   Get this adjustable rate mortgage with the teaser. Look at the monthly payments you can afford. The monthly payments. Well Janet Yellen went up and said, we can afford the monthly payments. Don't, don't worry about going big. That has hit a brick wall of reality with inflation. And, and here these are all of the, you know, Larry Summers for example, who to his great credits saw the inflation coming before anyone else. But he had spent 10 years saying secular stagnation, our problem is lack of demand borrow. And, and we, it turns out that supply wall boom was a lot closer than we thought it was about like, you know, we, we were 1% away from the supply wall in the beginning.   It wasn't 10, 20, 30% away. So this just, this is a watershed, a bunch of ideas by very respectable people were totally wrong. And our economic challenge now is much harder. It's get the sand out of the gears. Increasing supply is not about throwing money on it, it's not about sending people checks. It's about fixing the zoning code. And can you rehab a commercial building in Manhattan to be apartments? No, because the zoning doesn't let you have bedrooms on the interior.   It's a great man and glaz parts, you know, you have to fix every single thing that's wrong in the economy. That is totally different. But that's where we are. So this is a big, big moment.   Jesse (32m 1s): Yeah. And even on the, the cane side of, you know, I don't the context of it, but the, the idea that markets can, markets can stay irrational longer than than they, than you can stay solvent. I think from the real estate perspective was just this idea where you saw very sophisticated investors buying prices at asset values where it just made no sense. There was negative leverage in some situations and just this idea that, that you there would just continue to be a hockey stick graph, especially here in, in this city and certainly in other ci major major markets in the states.   John (32m 33s): Well a fact of all such booms is you gotta ride the bubble while you can and you, you can make a lot of money buying, flipping, hoping to gut it doesn't crash before you can sell the darn thing. And that can go on for years and years. And if you just sit that out, if you say, oh, you know, properties overvalued stocks are valued, well, you know, three, four years go by and all your buddies are getting rich and you're sitting there, you know, if you go short losing money on your short positions, if you just sit it out, you know, playing golf while they're all getting rich through it's stuff to do.   Especially if you are, you know, working on someone else's behalf.   Jesse (33m 10s): So John, I just wanna be mindful of the time here. I do, I do have a question in chapter four in your book you talk about debt, government debt. And I wanted to kind of go a little bit more granular. I don't know the figures for the states offhand, but I know that Canadian household debt is, is debt to disposable income is is quite high. I believe it's 1.84 for every dollar, you know, Canadians have in consumer debt. What's your take on on that micro-economic aspect of, of the family debt within the family and then that impact into kind of this grander, you know, macroeconomic environment that we're in?   Is it something that you look at?   John (33m 50s): Well, I can offer some sort of general, So there's government debt which has to get paid back by raising taxes, but not raising tax is really by economic growth. Your only hope for the government paying back its debts is if they let the economy grow. Cause if, if you raise tax rates, that kills the economy. So you kill the tax base, you don't, you don't get a lot of taxes. Now private debt is a different matter. Let's remember, you know, your, your mortgage is is my pension. So everyone's liability is someone else's asset.   And it's funny how, you know, all of our economic policy, blah, blah, we simultaneously love and bemoan the same thing on the one hand, oh, you know, too much debt people can't pay back. On the other hand, not enough debt. Send more debt to my constituents so they can buy houses, which is it, you know, we want, government wants us to consume more, but it also wants us to save more and to pay more taxes. How's that happening? And, and you know, a lot financialization is great economies grow because entrepreneurs can borrow to finance new businesses because real estate developers can borrow to build apartments for the rest of us, they're doing us.   I don't know why they're so maligned. They do us a wonderful service. You wanna build your house on your own. How about somebody who knows what they're doing, do it, but they need to be able to borrow to do it. So debt that can be paid off is not so much a problem. Now problem comes in when debt can't be paid off, but risk in return. Guys, I think we need to get back to an economy where risk, we all understand if you buy Tesla stock and, and it turns out that hydrogen and and not batteries is the way of the future, or China shuts off the supply of batteries, you know you're gonna lose your, your money or you know, GM turns out to know what they're doing, you're gonna lose your, we all understand equity holders losing your money.   Now somehow, if you buy something called debt and, and you're getting a 5% return where everyone else is getting a 2% return, you're not supposed to lose money every now and then. So, you know, even debt is a great thing. Risky debt's a wonderful thing, you know, but cafe at em Thor, we need to understand as society that, that making risky loans is a great and wonderful thing, but you're gonna lose money every now and then and don't go crying to grandma government every time you lose your money. Now, you know, debt is, why do we worry about too much that we worry about if it turns into financial crisis?   And that's, you know, that's a problem. That's what the Nobel Prize just gave was given to Diamond and Member Yankee and felt that big about. Is that,   Jesse (36m 27s): Which I believe you, you just read or wrote a blog about, right? Yeah,   John (36m 31s): I just wrote a blog post about it, which is, you know, there's, we, we as a society need to get around, stop having financial crisis. Now that means the debt must be able to lose money when the, when it defaults in a way that isn't so incredibly painful for the society as a whole. And that I think is a failure of government regulation. We, you know, why do we regulate banks? Let's look at a bank's asset portfolios, the bank's asset and compare it to, I don't know, Tesla now, whose assets are more risky, whose cash flows are more risky, a bank or Teslas, you know, by, by three orders of magnitude.   Tesla Bank is, has a, has a portfolio of government guaranteed loans. I mean possibly, you know, yet where are all the regulators? The regulators are all looking at the bank. Now why is that answer? Because banks are leveraged up to the hilt and if they lose enough money to go under, they're, they're kind of big monopolies and, and they, our economy loses the capacity to, to make new debt. So why is that? We need to get the leverage out of the banks. And then you get to a financial system where people can default on debts and it doesn't bring the whole thing crashing down.   So debt's good, default is good, let it happen. Default is reorganization. We just need to not, you know, we kinda have a hostage here. The banks have taken the whole economy and and holding it hostage saying, you know, you government can't let anyone fail or else, and, and it's our political and even the Fed a financial crisis is not the possibility that somebody somewhere might lose money someday on some investment. No, you know, risk and return.   Entrepreneurial capitalism lose money. Financial crisis is when, when, when there's a run on short-term debt and that brings down the banking system. We, we can fix that.   Jesse (38m 26s): It's, you remind me of a, i we'll put a link to it. A really good, I dunno if it was an essay, but it was years ago, Thomas so wrote comparing the American Depression and the branch banking system that we have in Canada. Cuz you know, oftentimes people think Canadians, that we have these five large banks, which we do, or four depending on who you're asking. But we have an extensive branching system. And it was a, it's was interesting to see the difference of branching where it wasn't allowed in states during that time, I guess right after the depression.   But we'll put a link for anybody that's, that's interested. Now   John (39m 1s): This is great important and, and I, you know, I wanna say something. So something nice about Canada, Ben, this is what Ben Bernanke got the Nobel Prize for, he said in the US and the Great Depression. Why was the Great Depression so bad? Well, cause all the banks failed. Now why did the banks and then once the banks failed, not all the banks, sorry, I'm exaggerating. Many banks failed in many places. And when the banks failed, they closed down. And the people in those banks who knew in, you know, Lincoln, Nebraska, who was good for it and who wasn't, who knew how to make loans, they were unemployed.   Why did that not happen in Canada? Well, because, because there are many ways to stop a bank run. And one of them is if a local bank fails, somebody else can come in, a large national bank can come in and buy up the assets, keep the people who know how to make loans employed, you know, stiff the creditors, stiff the stockholders, but keep the operations going. But that needs, the US had had prohibitions on on branches, It had prohibitions on interstate banking. There was no way all the mechanisms of saving a bank and keeping the profitable parts going didn't exist.   And they did exist in Canada, which is why your Great Depression was a whole lot better than ours. Now that doesn't mean the only answer to this is to have a monopolized banking system with four big banks. That, that kept Canada out of a crisis in the Great Depression, but that also leads to a certain amount of financial sclerosis. And so I, I don't want to endorse crony capitalism as the only answer, but it did, it did work better in that circumstance,   Jesse (40m 35s): Economics, real estate and Canadian banking history. John, I think we covered it all today.   John (40m 40s): Thank you. It's a great pleasure.   Jesse (40m 42s): John, for individuals that that want to connect or reach out, where can we send them? We'll put a couple links in the show notes.   John (40m 50s): My website, john h cochran.com and my blog, The Grumpy Economist. And if you just Google John Cochran, I come up first.   Jesse (40m 60s): This is Working Capital. John, thanks for being a part of it.   John (41m 4s): Thanks. Great pleasure.   Jesse (41m 11s): Thank you so much for listening to Working Capital, the Real Estate podcast. I'm your host, Jesse for Galley. If you like the episode, head on to iTunes and leave us a five star review and share on social media. It really helps us out. If you have any questions, feel free to reach out to me on Instagram. Jesse for galley, F R A G A L E. Have a good one. Take care.  

Terry sits down with President of the Board of Directors of the Fisher House St. Louis, Jim Donahue and Laura Neuman-Howe, head of the Friends of Fisher House St. Louis, about the house itself, the upcoming fundraising event, and the expansion of John Cochran.

Johnny joins me on Friendly Fire to discuss his run for a US Congress seat.Bill Review:CAFTA &  Exempting tips and gratuity from income taxSources / Referenced Material:John Cochran website

John Cochran is President and CEO of HumanGood, the sixth largest nonprofit senior living provider in the country. HumanGood's mission is to inspire the best life for the residents, team members, and everyone in the HumanGood family regardless of physical, social, or economic circumstances. John talks about what an exciting time this is to be in the transition of how our society sees and talks about aging.

The John Cochrain VA Medical Center is set for major upgrades.  It's a project the VA says has been more than a decade in the making. Fabian Grabski, Deputy Executive Director joins Debbie Monterrey and Megan Lynch talking about the changes. 

On this episode of Poppitt's Corner, we take a special trip into the 1980's OC and LA metal scene with special guests Angelo Espino (Heretic) and John Cochran (Vermin). All episodes available at https://www.poppittscorner.com Madrost Bandcamp Link: https://www.madrost.bandcamp.com THE CMS PODCAST NETWORK: https://www.cmspn.com HEAVY METAL TELEVISION: https://www.heavymetaltelevision.net CMStv: https://www.cmstv.net RUMBLE: https://rumble.com/c/cmspn BITCHUTE: https://www.bitchute.com/channel/cmspn/ ODYSEE: https://odysee.com/@ClassicMetalShow:d ROKU: https://my.roku.com/account/add/CMSPN AMAZON: Search "The CMS Podcast Network" To Add Our Channel --- Send in a voice message: https://anchor.fm/cmspn/message

Embed[tcb-script]!function(a){var b="embedly-platform",c="script";if(!a.getElementById(b)){var d=a.createElement(c);d.id=b,d.src=("https:"===document.location.protocol?"https":"http")+"://cdn.embedly.com/widgets/platform.js";var e=document.getElementsByTagName(c)[0];e.parentNode.insertBefore(d,e)}}(document);[/tcb-script]On this episode of Poppitt's Corner, we take a special trip into the 1980's OC and LA metal scene with special guests Angelo Espino (Heretic) and John Cochran (Vermin).All episodes available at https://www.poppittscorner.comMadrost Bandcamp Link: https://www.madrost.bandcamp.comTHE CMS PODCAST NETWORK: https://www.cmspn.comHEAVY METAL TELEVISION: https://www.heavymetaltelevision.netCMStv: https://www.cmstv.netRUMBLE: https://rumble.com/c/cmspnBITCHUTE: https://www.bitchute.com/channel/cmspn/ODYSEE: https://odysee.com/@ClassicMetalShow:dROKU: https://my.roku.com/account/add/CMSPNAMAZON: Search "The CMS Podcast Network" To Add Our Channel

I've said it before, and I'll say it again - anyone who believes that this market will keep going up is either reckless or downright delusional.    We're staring down the barrel of the next Great Depression, and what's coming won't be pretty, but there are still many investors exposing themselves to unnecessary risk.    How do you increase your chance of success in this knife edge market? How do we take off the rose-tinted glasses and see the market for what it is?    In this episode, I'm joined by entrepreneur, fellow investor and founder of Systemate, John Cochran. We talk about the tool he's created to help people build opportunity under any market conditions. Three Things You'll Learn In This Episode    How John Cochran solved a business key problem by leaning on systemsMost investors accept the fact that bad deals and losing money comes with the territory. How did John Cochran build a software to increase his probability of success?   Why you need to be both a marketing and a follow up beastHow much follow up do you need before a lead turns into a source of business?    The problematic thinking that will get many investors in trouble very soonThis market has already hit its peak, but why are so many people still insisting that there's still more upside?     Guest Bio   John Cochran is an entrepreneur, investor and the founder of real estate technology platform Systemate. He started off his career doing a lot of Rehabbing, then he bought a HUD House for $18.47 and got hooked on Wholesaling homes for fat profits.    John is also the founder of one of the fastest growing Real Estate Brokerages in the country "Invest Dayton". His Brokerage is very unique. He has developed a system called Buyers on Fire which automated the entire process of search for a buyer of a property. He is also the founder of The King of Systems, Buyers on Fire and HUD Wholesaling.    For more information and to get a free demo of Systemate, visit https://systemate.com

John Cochran, CS, from Princeton, New Jersey, USA

How do you know where to buy the property? By finding the sweet spots! Mitch Stephen's guest in this episode is Johnny Cochran, the CEO of The King of Systems. Sweet spots are based upon how much buyer activity is going on into a particular zone. Take those areas where you know there are a lot of buyer activity, then start marketing to sellers in those areas. Want more advice on how and where to buy the property? You wouldn't want to miss this episode. Tune in!Love the show? Subscribe, rate, review, and share!Here's How »Join the Real Estate Investor Summit Community:reinvestorsummit.comReal Estate Investor Summit FacebookReal Estate Investor Summit TwitterReal Estate Investor Summit YouTubeMitch Stephen LinkedIn

Get to know local artist and business owner, John Cochran with Mobtown Music right here in downtown Mobile! He tells about his passion, his purpose and his dog, Layla!! John admits that without the many mentors and influences that he's had along the way... well let's hear it from John...VFFP is hosted by: Joseph Turlington w/ C2 Wealth Strategies

In this episode of Star Trek: Lower Decks, The Spy Humongous, a Pakled spy boards the USS Cerritos and attempts to uncover all of Starfleet's secrets while on the Pakled homeworld, Captain Freeman needs to find a bigger hat. Join in as we discuss all the antics, from the anomaly consolidation duty to Boimler's new redshirt friends.

Can we decide to be free? Freedom is an often-used yet really complex concept. Many consider freedom something that is granted to them which they don't have to work for. Others see freedom as something denied, and something that must be fought for. These different conceptions of freedom spring from different life experiences which are in turn shaped by a person's gender, race and ethnicity. Steve and Dan Fouts are joined by educator John Cochran to discuss how freedom means different things to different people and how achieving it isn't as easy for some as it is for others. James Baldwin, Original Image: https://www.nationaalarchief.nl/onderzoeken/fotocollectie/ac5a7eae-d0b4-102d-bcf8-003048976d84 Author: Rob Croes / Anefo https://creativecommons.org/licenses/by-sa/3.0/deed.en

Join Michael, Sarah, and the always-sagacious John Cochran as they literally pull topics out of a bowl and throw in their two cents apiece. 

Rob is joined by Akiva and Ali to discuss the 30th best season of Survivor, as ranked by RHAP listeners, Survivor: Caramoan The post Survivor All-Time Top 40 Rankings | #30: Caramoan appeared first on RobHasAwebsite.com.

“Exploring the Bizarre” (KCORradio.com) hosts Tim Beckley and Tim Swartz welcomes KERRY TRENT HAGGARD to the studio. A long-time enthusiast of classic horror, classic cars, and UFOs, Kerry tells us what happened to the poor little alien who ran into Judge Proctor’s windmill in April, 1897, in Aurura, TX, and ended up on public display before being buried in the local cemetery. A controversial story backed up by news clippings from the period, Kerry became fascinated with the incident because of his own experience as a kid seeing a UFO land in his hometown. Taking that passion, Kerry, along with his friend John Cochran, spent the next several months working to form an outline for a screenplay based on the fictional hunt for the extraterrestrial buried in the Aurora cemetery. From there, the screenplay grew into the "Traveler,” which is a novelized version of this earth crashing encounter. Kerry has also contributed a chapter in the new book "Alien Lives Matter: It's OK to be Grey," published by Tim Beckley’s Inner Light/Global Communications During the course of the show, Beckley points out two jaw numbing synchronizations related to the much later UFO crash outside, Roswell, NM.

UpCountry Brewing's John Cochran has a long brewing history UpCountry Brewing is one of Asheville's newer breweries but it's not the first brewing rodeo for founder John Cochran. Cochran got his start at Marthasville Brewing, one of Georgia's first and, unfortunately, short lived.  Way back in the dark ages (the mid-1990s) there wasn't much craft beer to be had in Georgia.  The US was feeling the effects of the 90s brewery bust and this little southern state was behind the times to begin with.  After departing Marthasville Cochran worked at Atlanta Brewing Co. where he met "Spike" Buckowski, the pair would eventually partner to open Terrapin Beer Co. Many years were spent working around the harsh Georgia alcohol laws to build Terrapin into one of the most popular breweries in the Southeast.  In 2016 MillerCoors took a "majority stake" in Terrapin.  Buckowski chose to stay with the company while Cochran departed to start UpCountry. This week, we talk about those early days of Georgia beer, the importance of diversifying your beverage portfolio, pickle beers, working with distributors vs. self-distribution, and a few other odds and ends. UpCountry Brewing Taproom The Beer List UpCountry Brewing Black Currant Gose Black is Beautiful Schwarzbier Dill Pickle Gose Scamper IPA Sippin' on Ginger Juice (Regular and Cherry) Craft Beer News Hill Farmstead Has Shut Down For 2 Months Falling Rock Tap House is Selling Off Rare Vintage Beer To Stay Afloat VinePair Says They Can Guess Who You Voted For Based On What You Drink More Carolina Beer Lonerider Brewing’s Galen Smith | Ep. 183 Palmetto Brewing and Catawba Brewing with owner Billy Pyatt | Ep. 177 Farmhouse Funk with Fonta Flora’s Todd Boera | Episode 152

Happy New Year Escaping Reality Fam! We have a special surprise for you on this lovely first day of 2021! We have our first crossover season episode with our friend Tom (@thetomhamlett) from Dumpster Dive with Tom Hamlett (@dumpsterdivepod). He comes to us with a ton of reality competition love and an allegiance to Dawn!    We're unpacking Survivor Season 23: South Pacific.  Honestly, it's less of an unpack and more of an accidental predictions for Season 26 (even though we haven’t seen it yet).    We’re talking about the role of religion on the players and the game as well as how deserving Sophie was of her win.    We also discuss the value add of redemption island on a second round and Coach’s evolution over 3 seasons. We also start our stan of the one and only John Cochran - a love affair that will continue in season 26. With that and rapid fire, we are truly just having a party with our podcast friend Tom! Enjoy!   You can always follow for more content @EscapingRealityPod on Instagram and @EscRealityPod on Twitter. Be sure to rate/review/subscribe & tell all your Survivor-loving friends to listen!    Thanks for Escaping Reality with us!

Survivor winner and comedy writer John Cochran joins the Bible Brothers as Joseph tells the pharaoh's butler that his dream means he's going to die in three days. Yikes, Joseph! Email: biblebrotherspodcast@gmail.com // Twitter: @biblebrospod // Instagram: @biblebrotherspodcast Rate us on iTunes and spread the good word of the Bible (Brothers podcast)! And donate to our Patreon: https://www.patreon.com/biblebrothers

In this episode, Matt talks to Spike Buckowski, Head brewer at Terrapin Beer Company. Terrapin Beer Co. began as a daydream between founders John Cochran and Spike Buckowski, who met while working for a microbrewery in Atlanta. The two recognized that they had something to contribute to the brewing industry in the Southeast, and began crafting recipes. In April of 2002, Rye Pale Ale made its first appearance in Athens, GA. Only a short six months later, Rye made it to Denver for GABF, where John and Spike took home a Gold Medal for the beer in the American Pale Ale Category. If you want to try any of the beers Matt tasted on the show you can ORDER ONLINE or from the BIG RED LIQUORS APP for Curbside Pickup Service. It's as easy as 1,2,3! Start Your Order -  bigredliquors.com Simply select your store, browse and search for Terrapin Beer Co products and start a CURBSIDE order. Your store will notify you when it is ready for pickup. Best of all, our NO TOUCH curbside will leave you with peace of mind and the great products you want ASAP.

Our friend and esteemed colleague John Cochran joins us to talk about Kanye's latest album and what authenticity looks like both in art and in our everyday lives. Listen, enjoy, and subscribe! 

John Cochran, co-founder of Terrapin Brewing in Athens, Georgia, now owns UpCountry Brewing Company in West Asheville, NC. We chat about his long, storied experience in the craft brewery business. Support the show (https://tunein.com/radio/Biz-Radio-1350-s23339/)

Cheers to the Asheville beer lovers! John Cochran, founder and owner of UpCountry Brewing in Asheville, NC, joins the show to talk about his legendary career in the craft beer industry. From washing kegs in Atlanta in 1995 to founding a brewery putting out over 80,00 barrels to starting all over again in Asheville.UpCountry Brewing opened in 2016 and has been making waves in the Asheville beer scene ever since. We find out the history of UpCountry, what sets them apart, and why he wanted to start all over with a new brewery. We get a guided tasting of some of their great beers: UpCo Lager, Black Currant Gose, Oat Pale Ale, Scamper IPA, and Isoprene IPA.John talks about his early days of coming up in the Atlanta beer scene, getting deep into craft beer while living in Seattle, drinking every beer he saw in college, making awful home-brew, and how that all translated into a job as a brewer.We dive into his time as co-founder of Terrapin Beer Company; meeting his partner Spike Buckowski on the job, running a successful brewery, and what led to selling to Miller Coors. He talks about his side of the transaction, what it meant to sell, and why he ultimately sold. John shares some of the behind-the-scenes fun and secret projects that were going on at Miller around that time.John turns the tables and starts interviewing Greg; they discuss the state of the craft beer industry, the difficulty of distribution and packaging, why he changed the name of the brewery to UpCountry, and much more.The episode gets wrapped up with a round of rapid-fire questions.A huge thank you to John Cochran for sharing his time and some of his great beer, and thanks to his staff for helping us to get set up and settled. If you'd like to find out more about UpCountry Brewing, head over to www.upcountrybrewing.com, www.facebook.com/upcountrybrew, www.instagram.com/upcountrybrew, or www.twitter.com/upcountrybrew. And if you're in Asheville, NC, head over to 1042 Haywood Road or in Brevard 212 King St Suite B for their second location. Don't forget to check us out at www.theunfilteredgentlemen.com and to follow us on our social medias for some great beer shots: www.facebook.com/theunfilteredgentlemen, @unfilteredgents on twitter, and TheUnfilteredGentlemen on Instagram! We want you to drunk dial (805) 538-BEER (2337), we'd love to hear from you!

Our longest episode yet, but totally worth it! Our friend John Cochran 'splains the arc of his political views over the course of his life... check it out, and don't forget to subscribe, rate, & review us.

In this podcast episode, John Cochran and Jeff Watson break down in detail the biggest secrets to doing Real Estate deals in the 2019 market. This is a MUST LISTEN to about twice to capture all the nuggets to do deals in 2019!

Our first death penalty expert, Dr. John Cochran, helps us bust 5 death penalty myths! John Cochran is Professor of Criminology at the University of South Florida. He received his B.A. (1980), M. A. (1982), and Ph.D. (1987) in Sociology from the University of Florida. Before his appointment at USF in 1994, he was a faculty member in the Department of Sociology & Social Work at Wichita State University (1986-1989) and the Department of Sociology at the University of Oklahoma (1989-1993). His teaching and research interests include micro-social theories of criminal behavior, macro-social theories of crime and crime control, assessments of issues regarding the legitimacy of capital punishment, and quantitative data collection and analysis. He has published approximately 150 articles, book chapters, and reports, is an ad hoc reviewer for 46 professional journals, and has served on the editorial boards of Justice Quarterly, Deviant Behavior, Journal of Drug Issues, Criminal Justice Policy Review, Sociological Inquiry, Journal of Crime and Justice, and several others.

Gene and guest cohost J. Randall Murphy present author Kerry Trent Haggard, a long time enthusiast of classic horror and UFOs who first learned of the Aurora UFO crash from his friend John Cochran in the summer of 2015. Kerry, who had witnessed a flying saucer during his childhood, became fascinated with the story, and he and John spent the next several months working day and night to form an outline for a screenplay based on the fictional hunt for the buried extraterrestrial. From there it grew into the novel, "Traveler," the main topic of discussion for this episode. Haggard will also talk about his interest in antique cars, and the legal problems he confronted due to going too far in selling rare movie posters.

MUST LISTEN PODCAST!!! In this episode John Cochran and Jeff Watson are talking about how to properly talk to a motivated seller. Investors are struggling with this and we're going to give you 2 key secrets on what you need to say to get sellers to call you and then what you need to say when they actually call you. Once implemented you will start to see a change in your conversion rates which will bring in more profits into your Real Estate Investing business.

As perhaps the biggest underdog winner in Survivor history, John Cochran isn’t afraid of making big moves. But he might have saved his biggest play for his post-Survivor life as the Harvard law grad turned his back on a legal career and instead pivoted to being a writer on CBS sitcoms The Millers and Kevin Can Wait. In this episode, Cochran helps the guys find the perfect wines to pair with Thai food while explaining why entering his first writing room was like walking onto the Survivor beach for the first time, which fellow Survivor winner supervised him during a college internship, and the hotel hot tub mishap he suffered after getting flown out to LA for the week-long Survivor casting process.

We didn’t play favorites, so no guests this week! Shipwrecked family wants to be on HGTV. Melissa’s errant text about this episode. Climbing trees as children. Some light cartography. Cherith Cutestory and maritime law. We give our required reading and watching list. Amanda hates Ernst. Francis is a liability. What’s the business model behind being a pirate? Dogs love to save Kevin Corcoran. My son is a total train wreck. Amanda hates that I call her Ernst. Donkey Kong interlude. Game – Survivor trivia. Fantasy Football – Fantasy Survivor. John Cochran’s deleted tweets. “We won’t care what age they are”. Fritz/Ernst are basically Hank/Dean from Venture Bros. Arya Stark and Mulan are much better as disguising. “We’ll be ready to fight but not too proud to hide”. The most beautiful girl (in the room). Love triangle. Pokemon race. Styrofoam boulders. Like some other people we know Swiss Family Robinson attraction at Disney. Next episode - One Hundred and One Dalmatians.

Go to http://replayseries.com to watch the first episode! New episodes every Wednesday only on go90 Get yourself some fashion friendly & affordable glasses. Go to http://warbyparker.com/jj to begin your free home try on experience today! Get access to all your favorite magazines in one place with Texture. Start binge reading for FREE, right now when you go to http://Texture.com/JennaJulien Check out John on Twitter: http://Twitter.com/johnmcochran Welcome to the Jenna & Julien Podcast where we talk about all the things. If you are looking for your everyday, normal, by the book podcast, then you're in the wrong place. We created this because we tend to have awesome, random, and sometimes drunk conversations that we realized had to be shared with the lovely internet world. So here we are. Subscribe to this channel for new podcasts EVERY MONDAY We are on iTunes: http://iTunes.com/jennajulienpodcast And SoundCloud: https://soundcloud.com/jennajulienpodcast We're also live on Twitch every monday: http://twitch.tv/jennajulien You can follow us on all the things: Instagram: http://instagram.com/jennajulienpod Twitter: https://twitter.com/jennajulienpod YouTube: https://www.youtube.com/JennaJulienPodcast Jenna: IG: http://instagram.com/jennamarbles TW: https://twitter.com/Jenna_Marbles YT: https://www.youtube.com/user/JennaMarbles 2nd Chanel: https://www.youtube.com/user/JennaMarblesVlog Julien: IG: http://instagram.com/juliensolomita TW: https://twitter.com/JulienSolomita YT: https://www.youtube.com/jsolo P.O. Box If you want to send us things: 4335 Van Nuys Blvd. Box # 310 Sherman Oaks, CA 91403

Today we have Ben Edwards, Kevin Odegard, and John Cochran of Granite Waves.  We learned all about Granite Waves starting as Black Moth, success with Craig's List, finding chemistry as a band.  We also got a great look at what is going on around Tacoma and the South Sound, learned all about the Doomed & Stoned northwest compilation and we went around the horn and got some back story on each member of the band.  I hope you enjoyed this conversation as much as I did.Featured Music:"Sphinx" by Granite Waves off the Doomed & Stoned Compilation"The Ice King" by Granite Waves off Below The NarrowDoomed and Stoned:https://doomedandstoned.bandcamp.com/album/doomed-stoned-in-washington You can find the podcast on iTunes for iOS, Stitcher for Android, and Spreaker.Please support the Go Fund Me campaign for the podcast https://www.gofundme.com/wotspodcast

The boys spill some secrets from your favorite Hollywood celebs.  Then, JOHN COCHRAN is back on the show to set the record straight about exactly what's going with his mom, his time on Survivor, what he did with that sweet prize money, his canceled sitcom, and the development of his new pilot.

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Hayes starts off the show discussing the special surgery he had to get on his arm for a part, and he and Sean discuss the most important thing that's been left out of the #YesAllWomen movement. Then an all-new Teaser Freezer breaks down the new Jersey Boys movie. Then, very famous guest JOHN COCHRAN from Survivorman joins the guys to talk about how he went from contestant on a reality show to a TV writer for "We're the Millers", his Twitter following, flying into the Statue of Liberty, and judge salaries and the Popcorn Gallery is back to ask questions about hair parts, cut scenes, and The Americans. Finally, John gets called out for bailing on an airport meeting with a listener.

John Cochran is Chief Executive Officer of Ole Smoky where he brings extensive experience in the beverage business. John comes to Ole Smoky from AquaHydrate Inc., where he was CEO and a member of its Board of Directors for the past sixteen months.Before being named CEO of the Southern California-based water brand in January 2012, Mr. Cochran was CEO of the Pabst Brewing Company, the largest American owned beer company in the United States. In his capacity as CEO, Mr. Cochran oversaw the 30+ brands in the Pabst Brewing Company portfolio including Pabst Blue Ribbon, Lone Star, Colt 45, and Old Milwaukee.Based in Los Angeles and a Co-Founder of 3 companies: Jet Luxury Resorts, JetLuxInc and TriWorth. Steve Aylsworth is a key leader of the executive team. Always the optimist, Mr. Aylsworth brings an unbelievable enthusiastic and positive attitude to his organizations. His sales and management experience has helped shape Jet Luxury Resorts to be a leader in the hospitality industry. So how did Steve do it? How did he fund such an expensive endeavour! FInd out today! In addition to his current projects Jet Luxury Resorts and JetLuxInc which service to hotel industry, Steve is still a Partner of TriWorth Solutions and was formerly a key executive at JobPlex serving as Executive Vice President and Managing Director of the Western Region.Geoff Margolis is an Entrepreneur with 40+ years in invention, patent creation, product development,complex problem solving and large scale product commercialization.With a passion for health related products, my career spans the sectors of food, wine, cacao, medical devices and renewal energy. I have 25+ patents to date, and bring a unique blend of deep scientific knowledge and hands-on manufacturing to invention and commercialization of new products.Paul Miller from Go Fit Foods also joins the mentoring session as well. Exceptional senior leader with more than 25 years' experience elevating custom bakery, food & beverage, and consumer-packaged goods companies to top-notch sales and profit results. Proven ability to launch new products, develop cutting-edge sales and marketing strategies. Expertise in revitalizing organizations and transforming businesses, quickly achieving revenue growth. Possess advanced skills in broker and distributor relations, national account management, trade shows, financial management, client relations, brand management, and strategic business plans. Widely recognized as a dedicated leader, noteworthy communicator, and powerful negotiator.

Tom Larkin is the co-founder and CEO of Social Rebate. Tom was previously Principal, Portfolio Manager for Transamerica Investment Management. Prior to starting Social Rebate, Tom was the youngest partner at Transamerica, earning the Principal designation at 26. During his career, he has examined, modeled, and invested in several thousand companies. Tom co-managed two top-performing small cap portfolios, and was the lead analyst for over a third of the economic sectors covered in the company. He has been involved with entrepreneurial pursuits for the last 6 years. he graduated from Duke University with a BA in Economics in 2003Ben Stewart is the co-founder and CTO of Social Rebate. Ben has an extensive background in web development and design for several large-scale e-commerce focused companies. Ben began his career as Director of Development for Out of Pocket Films at Sony Pictures before transitioning to his tenure at DDC Internet. As the Head of Creative Media and Web Development for DDC Internet, Ben managed and oversaw the creation of a number of sites focused in cosmetic surgery and medical devices while also coordinating all video production and marketing campaigns. He is originally from Atlanta and studied Film and English at CSU Long Beach.John Cochran is Chief Executive Officer of Ole Smoky where he brings extensive experience in the beverage business. John comes to Ole Smoky from AquaHydrate Inc., where he was CEO and a member of its Board of Directors for the past sixteen months. Before being named CEO of the Southern California-based water brand in January 2012, Mr. Cochran was CEO of the Pabst Brewing Company, the largest American owned beer company in the United States. In his capacity as CEO, Mr. Cochran oversaw the 30+ brands in the Pabst Brewing Company portfolio including Pabst Blue Ribbon, Lone Star, Colt 45, and Old Milwaukee.

November 4th 2013 (Business Rockstars) - Is it bad if your company pivots? How do you get your friends to go viral for you? Are you balancing your business and family time? Ken shares his advice to these questions and much more! Ken's first guest John Cochran is Chief Executive Officer of Ole Smoky, where he brings extensive experience in the beverage business. In his capacity as CEO of Pabst Brewing Company, Mr. Cochran oversaw the 30+ brand portfolios, including Pabst Blue Ribbon, Lone Star, Colt 45, and Old Milwaukee. He is now making the transition from CEO to starting up his own Moonshine business (Ole Smoky). He explains the dramatic differences between CEO and starting from scratch again. Ben Stewart and Tom Larkin from Social Rebate stop by and share their story. Social Rebate is an innovative e-commerce solution that converts customers' purchases into highly credible Social Media marketing. Through Social Rebate, companies can hire their customers to share their brand across Facebook, Twitter, Google+, Pinterest, and LinkedIn and earn cash off their purchase based on the traffic that they bring the company.

John Cochran may be out of the running for Sole Survivor, but if most of you get your way, this will not be the last we see of him. Quite a few of you are already calling for his return. The appearance of Brandon's dad in this episode prompted much discussion about the Hantz family legacy. Is it too soon to wonder if we might see Shawn Hantz in a future season? Many theories were offered as to how this season will conclude. We are down to the final episodes. A week from now and it will all be over. For each new episode, we provide 3 podcasts: an episode recap, an interview with the castoff, and a chance for Survivor fans like yourself to sound off on what you saw and how you think the castaways are fairing in the game. Eleven die hard fans shared their thoughts on episode 13 and predictions for what we'll see next. We want to thank and acknowledge everyone who contributed to another great Listener Feedback show. We want to especially thank all of you that got your responses in early! This week we heard from: Michal, Brian, Samantha, Brad, Brandon, EMP, DrewG, Lil' Russ, Anna, Carolyn and MikeK. We've got several ways you can reach us. You can call and leave a voicemail at 206-350-1547. You can record an audio comment and attach it or just type up a quick text message and send it to us via email at joannandstacyshow@gmail.com. 00:00 Date 00:04 Ancient Voices Samoa by Russ Landau 00:25 Introductions 04:12 Michal from Kansas 06:40 Brian from Madison, WI 08:40 Samantha from California 10:27 Brad from Australia 19:03 Brandon from Cleavland, Ohio 25:04 Evil Male Parvati 26:26 Drew G from Utah 30:39 Lil' Russ from Ohio 33:02 Anna from England 37:18 Carolyn from the Beautiful Bronx 41:18 MikeK from SoCal 43:55 Wrap Up 48:57 Ancient Voices Samoa by Russ Landau Links for Today's Show Paul's Visual Roster for South Pacific Survivor Fans Podcast Fans group on Facebook JSFL Jeff Probst on Episode 13 at EW.com Dalton Ross on Episode 13 at EW.com Contact Info: Voicemail: 206-350-1547 Email: joannandstacyshow@gmail.com Survivor Fans Podcast P.O. Box 2811 Orangevale, CA 95662 Enjoy, Jo Ann and Stacy

This week we interviewed John Cochran. He left the game in episode 13 of Survivor South Pacific. John made one of the most talked about strategic moves of the season and surprised a lot of us when he came extremely close to dethroning challenge master Ozzy at the Redemption duel. Listen to this interview to hear which previous Survivor he had planned to emulate going into the game, what he was promised to flip, how he will decide his vote at final tribal and lots more! If you are not a subscriber to the Survivor Fans Podcast, you can click the Pod button on the webpage and the interview will download and play on your computer. If you enjoyed this interview, check out our others here: SFP Audio Interviews Survivor Fans Podcast Homepage Links for Today's Show John at CBS Survivor South Pacific at Survivor Fever Survivor Links News Archive at Sir Linksalot Contact Info: Voicemail: 206-350-1547 Email: joannandstacyshow@gmail.com Survivor Fans Podcast P.O. Box 2811 Orangevale, CA 95662 Enjoy, Jo Ann and Stacy *Image is copywrite and courtesey of CBS

Survivor was back this week and even though some folks find watching the execution of Upolu's disciplined game plan a bit too predictable, there was still plenty of action to get us talking! Coach continues to make significant progress in the game, but many folks acknowledge it begrudgingly. His hyperbolic explanations and supposedly learned, but often incorrect references which are crafted with the intent of impressing us continue to backfire. It often seems like he is so busy patting himself on the back that there is little room left for us to cheer for him. Sophie continues to be a front runner too when it comes to predicting who will make it to the final tribal council, but there is not a lot of hard data one can point to by way of explanation. Unlike Coach, we are left with the impression that she is intelligent and coldly logical, but the comparisons to Andrea and Ashley from last season that a couple fans made this week may be closer to the mark than we would like to believe. A few folks are forcibly optimistic for John Cochran's future, but most believe that Ozzy has already crossed him off his hit list. For each new episode, we provide 3 podcasts: an episode recap, an interview with the castoff, and a chance for Survivor fans like yourself to sound off on what you saw and how you think the castaways are fairing in the game. Twenty fans shared their thoughts on episode 12 and predictions for what we'll see next. We want to thank and acknowledge everyone who contributed to another great Listener Feedback show. We want to especially thank all of you that got your responses in early! This week we heard from: Samantha, EMP, Dave, Sandi, Lil' Russ, John, Griffin, Brad, DrewG, Carolyn, Brian, Evan, Donald, Brandon, Michal, Michael, Julia, Jeremiah, MikeK and Paul. We've got several ways you can reach us. You can call and leave a voicemail at 206-350-1547. You can record an audio comment and attach it or just type up a quick text message and send it to us via email at joannandstacyshow@gmail.com. 00:00 Date 00:04 Ancient Voices Samoa by Russ Landau 00:25 Introductions 02:14 Samantha from California 03:45 Evil Male Parviti 05:45 Dave from Philly 07:42 Sandi from Atlanta 13:14 Lil' Russ from Ohio 18:45 John from Houston 19:45 Griffin from Vancouver 25:03 Brad from Australia 29:10 Drew G from Utah 33:12 Carolyn from the Beautiful Bronx 36:32 Brian from Madison, WI 39:10 Evan from ? 41:18 Donald from Sydney, Australia 42:30 Brandon from Ohio 45:42 Michal from Kansas 49:27 Michael from Utah 51:35 Julia from England 53:55 Jeremiah from Missouri 59:27 MikeK from SoCal 61:37 Paul from Louisiana 63:03 Wrap Up 71:58 Ancient Voices Samoa by Russ Landau Links for Today's Show Paul's Visual Roster for South Pacific Survivor Fans Podcast Fans group on Facebook JSFL Jeff Probst on Episode 12 at EW.com Dalton Ross on Episode 12 at EW.com Contact Info: Voicemail: 206-350-1547 Email: joannandstacyshow@gmail.com Survivor Fans Podcast P.O. Box 2811 Orangevale, CA 95662 Enjoy, Jo Ann and Stacy