$250,000 Prize for ‘Grumpy Economist’ Is Perfectly Timed

Canny Cochrane warned of the Federal Reserve and bank runs, a decade ago. In the meantime, bank alternatives are rising.

AP/ Benjamin Fanjoy
Silicon Valley Bank's headquarters at Santa Clara, California on March 13, 2023. AP/ Benjamin Fanjoy

As the financial world weighs how and whether the runs on Silicon Valley Bank and Signature Bank could affect other banks and the rest of the economy, the Lynde and Harry Bradley Foundation is announcing John Cochrane as one of this year’s winners of the $250,000 Bradley Prize.

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