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Justin Wolfers

@JustinWolfers • 386,414 subscribers

Prof @UMichEcon & @FordSchool | Fellow @BrookingsInst | Intro Econ textbook author | https://t.co/p3ziw22KMT | https://t.co/vvrskX2z0e

Shorts

That's it. That's the policy announcement.

That's it. That's the policy announcement.

1,104,644 Aufrufe

Does the President think he's proposing tariffs on American exports?

Does the President think he's proposing tariffs on American exports?

87,564 Aufrufe

Is it economic to make iPhones in the U.S.? It's not a complicated question, so lemme answer with the brevity it deserves.

Is it economic to make iPhones in the U.S.? It's not a complicated question, so lemme answer with the brevity it deserves.

86,116 Aufrufe

I've waited my whole life to discuss penguin tariffs on live teevee.

I've waited my whole life to discuss penguin tariffs on live teevee.

61,936 Aufrufe

makes you think...

makes you think...

44,268 Aufrufe

Every young Aussie dreams of pulling off this prank on unsuspecting Americans, and to do it on national TV, to a renowned rapper, makes it all the sweeter.

Every young Aussie dreams of pulling off this prank on unsuspecting Americans, and to do it on national TV, to a renowned rapper, makes it all the sweeter.

35,605 Aufrufe

"Past congresses delegated authority—emergency powers—to the President, and the President declares everything an emergency. I'm incredibly hopeful.. that at some point all of this will be ruled unconstitutional because in fact there's no emergency." 🎙️ Recorded this at 12:30 🧑‍⚖️ Courts acted by 6:30

"Past congresses delegated authority—emergency powers—to the President, and the President declares everything an emergency. I'm incredibly hopeful.. that at some point all of this will be ruled unconstitutional because in fact there's no emergency." 🎙️ Recorded this at 12:30 🧑‍⚖️ Courts acted by 6:30

20,597 Aufrufe

Markets are crashing because President Trump has issued punishing sanctions against the American people.

Markets are crashing because President Trump has issued punishing sanctions against the American people.

17,125 Aufrufe

Videos

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Some of the most valuable things in an economy don’t come with a price tag. Clean air is one of them. It improves our health, our daily lives, and our freedom to move around. The fact that markets don’t price it doesn’t mean it isn’t valuable.⁣ ⁣

Some of the most valuable things in an economy don’t come with a price tag. Clean air is one of them. It improves our health, our daily lives, and our freedom to move around. The fact that markets don’t price it doesn’t mean it isn’t valuable.⁣ ⁣

21,874 Aufrufe • vor 12 Stunden

Immigrants have always been part of America's story of innovation and growth. Treating them as a threat may be good politics for some, but it's lousy economics for everyone.⁣ ⁣

Immigrants have always been part of America's story of innovation and growth. Treating them as a threat may be good politics for some, but it's lousy economics for everyone.⁣ ⁣

20,217 Aufrufe • vor 1 Tag

Same robot, two futures.⁣ ⁣ Give Heather a robot that does her job, and she gets to go to the beach.⁣ ⁣ Give that same robot to her boss, and Heather's income goes to zero.⁣ ⁣ AI isn't utopia or dystopia by nature. It's about who owns the robot. That's a choice we still get to make.⁣ ⁣

Same robot, two futures.⁣ ⁣ Give Heather a robot that does her job, and she gets to go to the beach.⁣ ⁣ Give that same robot to her boss, and Heather's income goes to zero.⁣ ⁣ AI isn't utopia or dystopia by nature. It's about who owns the robot. That's a choice we still get to make.⁣ ⁣

27,177 Aufrufe • vor 2 Tagen

The Strait of Hormuz isn't either open or closed. It's been more like my dog going in and out of the house all day.⁣ ⁣ The danger isn't just that the door closes. It's that shippers stop trusting it'll stay open long enough to make plans. That uncertainty alone could push oil back toward $100, even before anything actually happens.

The Strait of Hormuz isn't either open or closed. It's been more like my dog going in and out of the house all day.⁣ ⁣ The danger isn't just that the door closes. It's that shippers stop trusting it'll stay open long enough to make plans. That uncertainty alone could push oil back toward $100, even before anything actually happens.

48,409 Aufrufe • vor 5 Tagen

The math behind the White House's Trump Account projections checks out. The assumptions don't.⁣ ⁣ The headline numbers rely on decades of contributions, optimistic stock returns, and future dollars that won't buy nearly as much.⁣ ⁣ More in this week's Diving In: ⁣

The math behind the White House's Trump Account projections checks out. The assumptions don't.⁣ ⁣ The headline numbers rely on decades of contributions, optimistic stock returns, and future dollars that won't buy nearly as much.⁣ ⁣ More in this week's Diving In: ⁣

23,202 Aufrufe • vor 2 Tagen

A 30-year mortgage currently has an interest rate of 6.3%. A reasonable guess it that a 50-year mortgage rate would be about 7.0%. ⇒ The monthly payment on a $500k mortgage: - 30 years: $3,050 per month - 50 years: Only $100 less at $2,950 (but 240 months longer).

A 30-year mortgage currently has an interest rate of 6.3%. A reasonable guess it that a 50-year mortgage rate would be about 7.0%. ⇒ The monthly payment on a $500k mortgage: - 30 years: $3,050 per month - 50 years: Only $100 less at $2,950 (but 240 months longer).

1,995,470 Aufrufe • vor 8 Monaten

"Argentina's done it. Russia's done it. Turkey's done it. Venezuela's done it. And Zimbabwe's done it. It's a thing that tin pot dictators do... right before starting a hyperinflation and destroying their own economies."

"Argentina's done it. Russia's done it. Turkey's done it. Venezuela's done it. And Zimbabwe's done it. It's a thing that tin pot dictators do... right before starting a hyperinflation and destroying their own economies."

1,384,057 Aufrufe • vor 6 Monaten

Sen. Warren: "Did Donald Trump lose the 2020 election?" Handsome Kevin: "ummm... errr... " His response raises real questions about whether Warsh is independent of the President and if he has the courage to tell hard truths.

Sen. Warren: "Did Donald Trump lose the 2020 election?" Handsome Kevin: "ummm... errr... " His response raises real questions about whether Warsh is independent of the President and if he has the courage to tell hard truths.

582,674 Aufrufe • vor 2 Monaten

Interviewer: "When you look at today's numbers, what do they tell us about the effectiveness of Donald Trump's tariffs." Me, very serious economist: "Hahahahahahahahahahaha... hahahahahahahaha... hahahahahahahaha... oh, wow." Sometimes all you can do is laugh at the absurdity.

Interviewer: "When you look at today's numbers, what do they tell us about the effectiveness of Donald Trump's tariffs." Me, very serious economist: "Hahahahahahahahahahaha... hahahahahahahaha... hahahahahahahaha... oh, wow." Sometimes all you can do is laugh at the absurdity.

899,465 Aufrufe • vor 4 Monaten

Stocks at record highs can coexist with a pretty ordinary economy. Why? ⁣ ⁣ A handful of AI-linked firms are driving much of the market's gains. Strip them out, and the rally looks a lot less impressive.⁣

Stocks at record highs can coexist with a pretty ordinary economy. Why? ⁣ ⁣ A handful of AI-linked firms are driving much of the market's gains. Strip them out, and the rally looks a lot less impressive.⁣

34,740 Aufrufe • vor 6 Tagen

It's a revealing moment... J.D. Vance welcomes a two-legged robot helping on the job site. But if that helper is a person named Jose, he calls it a threat. Same tasks, same productivity boost. The inconsistency reveals this isn’t about economics.

It's a revealing moment... J.D. Vance welcomes a two-legged robot helping on the job site. But if that helper is a person named Jose, he calls it a threat. Same tasks, same productivity boost. The inconsistency reveals this isn’t about economics.

1,160,604 Aufrufe • vor 8 Monaten

Love what the Australian soccer team says about modern Australia. Seriously, watch this video, and you'll be cheering for them too.

Love what the Australian soccer team says about modern Australia. Seriously, watch this video, and you'll be cheering for them too.

136,825 Aufrufe • vor 1 Monat

Inflation is still with us, it’s still painful, and we all hope it keeps easing. But hope isn’t analysis, and skepticism isn’t evidence. Right now, the best read is that the numbers are real.⁣ ⁣

Inflation is still with us, it’s still painful, and we all hope it keeps easing. But hope isn’t analysis, and skepticism isn’t evidence. Right now, the best read is that the numbers are real.⁣ ⁣

16,869 Aufrufe • vor 3 Tagen

Markets work best when governments set the rules and let firms compete.⁣ ⁣ The Trump trade agenda takes a different approach: it puts the White House at the center of decisions about who can do business with whom.⁣ ⁣ That changes the incentives—not just for companies, but for the economy as a whole.⁣

Markets work best when governments set the rules and let firms compete.⁣ ⁣ The Trump trade agenda takes a different approach: it puts the White House at the center of decisions about who can do business with whom.⁣ ⁣ That changes the incentives—not just for companies, but for the economy as a whole.⁣

30,596 Aufrufe • vor 7 Tagen

Baby bonds are adorable. But a policy that expires in 2028 looks more like a campaign onesie than a savings plan.

Baby bonds are adorable. But a policy that expires in 2028 looks more like a campaign onesie than a savings plan.

43,871 Aufrufe • vor 11 Tagen

Even a quick Iran deal won't undo the damage already done.⁣ ⁣ Stock losses, years of elevated oil prices, and a $350B defense budget increase that quietly translates to $3–4K in added taxes per household.⁣ ⁣ The economy doesn't just snap back. Some of this is permanent.

Even a quick Iran deal won't undo the damage already done.⁣ ⁣ Stock losses, years of elevated oil prices, and a $350B defense budget increase that quietly translates to $3–4K in added taxes per household.⁣ ⁣ The economy doesn't just snap back. Some of this is permanent.

357,348 Aufrufe • vor 3 Monaten

If you want a guess as to what Kevin Warsh -- who throughout the Obama years was a devout hawk -- told the President to win the job of Fed Chair, I think this clip might give you a sense of it. (This is from late October.)

If you want a guess as to what Kevin Warsh -- who throughout the Obama years was a devout hawk -- told the President to win the job of Fed Chair, I think this clip might give you a sense of it. (This is from late October.)

587,916 Aufrufe • vor 5 Monaten

Trump's "big" trade deal is with the UK: - It's a framework not a deal - They're our 11th largest trading partner - They're only 3% of US trade (97% to go) - They *already* charge average tariffs of only 1% (limited upside) It's a photo op, with little macroeconomic significance

Trump's "big" trade deal is with the UK: - It's a framework not a deal - They're our 11th largest trading partner - They're only 3% of US trade (97% to go) - They already charge average tariffs of only 1% (limited upside) It's a photo op, with little macroeconomic significance

1,421,581 Aufrufe • vor 1 Jahr

"Mate, I can't do anything but tell it to you straight. This Canada thing is literally the dumbest thing I've ever heard. The Canadians ran an advertisement showing Ronald Reagan being against tariffs. Guess what? Ronald Reagan was against tariffs."

"Mate, I can't do anything but tell it to you straight. This Canada thing is literally the dumbest thing I've ever heard. The Canadians ran an advertisement showing Ronald Reagan being against tariffs. Guess what? Ronald Reagan was against tariffs."

865,730 Aufrufe • vor 8 Monaten

Kavanaugh is worried that if the President can fire Fed governors, then each President will fire all Fed governors every four years. Pencil that out, and you'll see partisan concerns start to overwhelm economic concerns.

Kavanaugh is worried that if the President can fire Fed governors, then each President will fire all Fed governors every four years. Pencil that out, and you'll see partisan concerns start to overwhelm economic concerns.

567,431 Aufrufe • vor 5 Monaten