There are some lessons to be learned from this article. Namely, John Cochrane demonstrated the type of knee jerk, incensed reaction that has landed many otherwise upstanding academics in the bad graces of their peers. His piece was much more inflammatory than it needed to be - in fact, I would argue that the tone invalidates his position. To me, the piece sounds like it is coming from a man that has simply had enough of his institution being attacked for its historical tendency towards a particular party of economic thought. Understandable, but highly disappointing in its effect.