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Economist Justin
Wolffers
Justin Wolfers
Freakonomics
Economist
Justin Wolfers
Justin Wolfers
Economics
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Justin Wolfers
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Justin Wolfers
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Justin Wolfers
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Justin Wolfers
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Justin Wolfers
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Justin Wolfers
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Justin Wolfers
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Justin Wolfers
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Justin Wolfers
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Cotton Mather Writer
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1:54
How Big Is a Trillion?
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0:38
Democracy Is an Economic Mechanism.
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Platypus Economics with Justin Wolfers
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Just a reminder: “Committed” isn’t the same as “invested.” Otherwise, I’d have already accomplished everything on my calendar. The White House says the United Arab Emirates pledged $1.4 trillion. Sounds enormous. But it's spread over ten years. That's $140 billion a year, a tenth of the headline.
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justinwolfers
0:39
Almost every country measures drill bits in millimeters. America measures them in eighths and sixteenths, so we have fewer to choose from. That's the hidden cost of refusing to go metric. Like a tariff, it makes it harder for other countries to do business with us, and for us to do business with them. But a tariff at least raises revenue. Sticking with inches just creates waste.
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For Halloween, I went as the scariest thing I could think of: $120 oil. With @svaneksmith1
655 views
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If you're feeling jaded about democracy, I recommend spending less time watching me on cable news and more time talking with 20-year-olds. The best part about teaching Econ 101 this semester is being reminded that we have a smart, engaged generation getting ready to make an impact.
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Justin Wolfers: Tariffs Are "Rocks in the Harbor"—Why Retaliating Only Hurts You More
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There are two ways to get pie. Bake more, or steal your neighbor's. A healthy economy makes baking pay: property rights, contracts and fair markets mean that if you help grow the pie, you get some of it back. Corruption flips that, and the message from the White House lately is that pardons can be bought and investigations called off. When stealing pays better than baking, everyone stops baking. The pie gets smaller. On @talkingfedspod with Harry Litman
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AI Is Growing the Pie. Is It Creating Jobs?
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Justin Wolfers says that unless things improve in the Middle East, today's high energy prices are likely to stick around. But he separates expensive from inflationary. Inflation measures how fast prices are changing, not how high they are, and the big jump in energy prices has already happened. So even if fuel stays costly, future price increases aren't set to come directly from energy.
24 views
1 week ago
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platypuseconomics
0:35
Justin Wolfers says the US economy is being hit by three big supply shocks at once. The war in Iran has pushed up energy prices. Tariffs are raising the cost of all sorts of goods. And a sharp cut in immigration has left businesses short of workers. Normally the government's job is to cushion shocks like these. This time, Wolfers argues, it caused all three. From Justin's conversation with Jeremy Hobson and Steve Liesman.
23 views
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0:39
Ahead of the Fed's Oct. 28 meeting, Justin Wolfers explains why the headline inflation number isn't the one the Fed relies on. The Consumer Price Index tracks the cost of the things you buy. The Fed looks at the personal consumption expenditures (PCE) deflator, which also counts things bought on your behalf, like what your employer pays for. The gap between the two is real but small, and unless you're a serious data nerd, it isn't worth digging into.
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America's Jekyll-and-Hyde economy, explained with a pie
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Consumer sentiment is at its lowest level ever recorded, even though the economy is in reasonable shape. Justin Wolfers argues the reason is that people have lost faith in their economic managers. Trust in economic leadership has risen and fallen across past administrations, and history shows how strongly it moves sentiment. Today's drop in that trust accounts for the record low. The pessimism tracks confidence in leadership more than the state of the economy. From Justin's conversation with Cha
4 views
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Justin Wolfers: Strip Out AI Stocks and the U.S. Economy Is Just Treading Water
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