Scott Sumner (commenting on John Cochrane) hinted at something similar recently: http://econlog.econlib.org/archives/2015/12/heres_john_coch.html http://econlog

Scott Sumner (commenting on John Cochrane) hinted at something similar recently: http://econlog.econlib.org/archives/2015/12/heres_john_coch.html http://econlog.econlib.org/archives/2015/12/heres_john_coch....