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Justin Wolfers

@JustinWolfers • 342,123 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.

1,104,626 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

In most economic eras, I don't need to begin my commentary with "If the clown show continues..." But here we are.

In most economic eras, I don't need to begin my commentary with "If the clown show continues..." But here we are.

49,226 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.

34,985 Aufrufe

If you impose tariffs, and they retaliate, all you've achieved is isolating your people from the rest of the global economy.

If you impose tariffs, and they retaliate, all you've achieved is isolating your people from the rest of the global economy.

31,521 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 have fallen sharply in recent days, even as it's uncertain how long Trump will persist with them. If it becomes certain he'll persist, the sellof will become even more dramatic.

Markets have fallen sharply in recent days, even as it's uncertain how long Trump will persist with them. If it becomes certain he'll persist, the sellof will become even more dramatic.

19,438 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

Some advice for the White House.

Some advice for the White House.

15,091 Aufrufe

Perhaps there's an argument to be had about the usefulness of tariffs. But I don't see how anyone can defend incoherent tariffs. That incoherence makes the Trump tariffs immensely more disruptive than they need to be.

Perhaps there's an argument to be had about the usefulness of tariffs. But I don't see how anyone can defend incoherent tariffs. That incoherence makes the Trump tariffs immensely more disruptive than they need to be.

13,935 Aufrufe

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Economists call this diminishing marginal utility. The first dollars change your life. The billionth doesn't. So the argument stops being about consumption and starts being about power.

Economists call this diminishing marginal utility. The first dollars change your life. The billionth doesn't. So the argument stops being about consumption and starts being about power.

92,065 Aufrufe • vor 4 Tagen

If there's a water shortage, don't subsidize showers. If there's a blackout, don't make AC cheaper. If there's an oil shortage, don't cut gas taxes. High prices are the signal telling us to conserve — blunting that signal makes the problem worse.

If there's a water shortage, don't subsidize showers. If there's a blackout, don't make AC cheaper. If there's an oil shortage, don't cut gas taxes. High prices are the signal telling us to conserve — blunting that signal makes the problem worse.

105,174 Aufrufe • vor 7 Tagen

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.

582,299 Aufrufe • vor 1 Monat

"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."

1,383,962 Aufrufe • vor 4 Monaten

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).

1,995,431 Aufrufe • vor 6 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.

899,235 Aufrufe • vor 3 Monaten

A gas tax holiday talks about 18.4¢ while ignoring the $1.50 problem. That's politics, not policy. And half of it likely goes straight to oil company profits. Congress knows this. Some just hope you don't.

A gas tax holiday talks about 18.4¢ while ignoring the $1.50 problem. That's politics, not policy. And half of it likely goes straight to oil company profits. Congress knows this. Some just hope you don't.

29,342 Aufrufe • vor 4 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.

357,310 Aufrufe • vor 1 Monat

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.

1,160,480 Aufrufe • vor 6 Monaten

Announcing: Platypus Economics with Justin Wolfers — a Substack, YouTube channel, and podcast built around one idea: Economics is one of the most useful, surprising, and weirdly beautiful subjects in the world. It belongs to everyone — not just the people who happened to take it in college. 🧵

Announcing: Platypus Economics with Justin Wolfers — a Substack, YouTube channel, and podcast built around one idea: Economics is one of the most useful, surprising, and weirdly beautiful subjects in the world. It belongs to everyone — not just the people who happened to take it in college. 🧵

147,123 Aufrufe • vor 28 Tagen

"You can't say the cost of a puppy is $200 because that was the adoption fee." The Pentagon's $25B price tag does exactly that — it ignores veterans' care, disability payments, and decades of interest. The true cost of war shows up long after the fighting stops.

"You can't say the cost of a puppy is $200 because that was the adoption fee." The Pentagon's $25B price tag does exactly that — it ignores veterans' care, disability payments, and decades of interest. The true cost of war shows up long after the fighting stops.

96,967 Aufrufe • vor 19 Tagen

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.)

587,768 Aufrufe • vor 4 Monaten

In 2008, economists lined up against the gas tax holiday. Stephanopoulos asked Hillary Clinton to name one economist who supported it. She couldn't. Same gimmick, same fake relief — and here we are again, 18 years later.

In 2008, economists lined up against the gas tax holiday. Stephanopoulos asked Hillary Clinton to name one economist who supported it. She couldn't. Same gimmick, same fake relief — and here we are again, 18 years later.

30,743 Aufrufe • vor 6 Tagen

"We're still gonna be paying more effectively an Iran tax. That Iran tax is gonna be around for months and probably years." ⁣ ⁣ A neat phrase for a very real hit to family budgets.

"We're still gonna be paying more effectively an Iran tax. That Iran tax is gonna be around for months and probably years." ⁣ ⁣ A neat phrase for a very real hit to family budgets.

49,400 Aufrufe • vor 10 Tagen

"If what you want is rate cuts, here's the thing you don't do. You don't go and bomb a country in the Middle East upsetting global energy markets and pushing prices up across the board."

"If what you want is rate cuts, here's the thing you don't do. You don't go and bomb a country in the Middle East upsetting global energy markets and pushing prices up across the board."

27,385 Aufrufe • vor 5 Tagen

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.

567,412 Aufrufe • vor 4 Monaten

"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."

865,684 Aufrufe • vor 7 Monaten

A smarter model for paying for college: income-based repayment. You start paying your student loans only once you earn enough to comfortably get by. That turns higher ed debt into something more like a tax surcharge on success, not a choke collar on people who are struggling.

A smarter model for paying for college: income-based repayment. You start paying your student loans only once you earn enough to comfortably get by. That turns higher ed debt into something more like a tax surcharge on success, not a choke collar on people who are struggling.

593,494 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

1,421,536 Aufrufe • vor 1 Jahr

The United States is no longer negotiating with Canada because its Republican President does not understand his predecessor's view of tariffs. Forget the clip that worries the President. Reagan was consistent, and here's a different speech where he made his case.

The United States is no longer negotiating with Canada because its Republican President does not understand his predecessor's view of tariffs. Forget the clip that worries the President. Reagan was consistent, and here's a different speech where he made his case.

787,524 Aufrufe • vor 7 Monaten