Working Papers
The Anatomy of Capital Returns over the Very Long Run: Germany, 1465–2025
Economics Working Paper 26128
November 6, 2026
Blend “COVID” and “idiocy” and the result is “covidiocy”—the irrational and hypocritical underside of this pandemic. Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane discuss what “covidiocy” says about personal responsibility and bureaucratic dictates. They also share their thoughts on the assassination of Iran’s top nuclear scientist and the significance of Joe Biden’s top economic and national security appointments.
Recorded December 1, 2020 2 PM PT
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