How does a promising young scholar go from dreams of designing glider planes to the study of physics and then on to a celebrated career as one of the world’s foremost monetary economists? In a “solo” installment of GoodFellows, John Cochrane—Hoover’s Rose-Marie and Jack Anderson senior fellow and coauthor of the newly released Crisis Cycle: Challenges, Evolution, and Future of the Euro—discusses his academic journey, his mentors, and the fellow economists who’ve inspired him along the way; his ongoing concerns with inflation and debt; plus his interest in penning a follow-up to Milton Friedman’s Free to Choose. Later, John takes part in a “Herbert Hoover Questionnaire,” in which he details proper airplane etiquette (if you occupy the window seat, raise the shade!), describes the virtues of his beloved family dog, and extols the culinary skills of his wife (author Elizabeth Fama, who makes a cameo appearance at the show’s end for the couple’s 39th wedding anniversary).

US forces launched bomb and missile strikes against Iranian nuclear facilities, followed soon by an Iran-Israel ceasefire and the beginning of what could be a diplomatic realignment across the Middle East. The GoodFellows regulars and Hoover Senior Fellows Niall Ferguson, John Cochrane, and former White House National Security Advisor H.R. McMaster discuss the collateral impact of the Trump administration’s move against the Iranian regime. The fallout includes: a possible expansion of Abraham Accords participants (as the Gulf States help Iran pursue a more peaceful nuclear program); NATO members willing to invest more in military readiness; the media’s second-guessing the effectiveness and wisdom of the B2 sorties; plus what message Trump’s use of military might—as opposed to revolving-door diplomacy—sends to the world’s various mischief-making capitals (Beijing, Moscow, and Pyongyang).

Recorded on June 27, 2025.

Israel launches air attacks intended to destroy Iranian nuclear and ballistic missile capabilities, Iran retaliates with missile strikes on Israeli cities, and the world waits to see what comes next – a return to the status quo, neighboring countries drawn into the conflict, or an end to the Iranian theocracy? GoodFellows regulars and Hoover senior fellows Sir Niall Ferguson and former White House national security advisor Lt. Gen. H.R. McMaster discuss whether the Israeli goal of ending Iran’s nuclear ambitions is possible without U.S. assistance, how President Trump might respond if asked to directly engage, if the conflict will expand beyond the present bilateral exchanges, plus the outcome of regime change in a culturally diverse Iran (a peaceful transition or Libya 2.0?). After that: in honor of the 250th birthday of the United States Army, H.R. shares the thoughts of a fellow American general tasked with winning a war for liberty.