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Justin Wolfers

@JustinWolfers • 386,741 subscribers

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

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

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

1,104,644 views

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

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

87,564 views

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 views

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 views

makes you think...

makes you think...

44,268 views

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 views

"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 views

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 views

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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.⁣ ⁣
1:51
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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.⁣ ⁣

Justin Wolfers

25,304 views • 19 hours ago

Every time the president escalates, markets fall. Every time he de-escalates, markets rise.⁣ ⁣ That isn't just about oil prices or your 401(k). It's the market's collective judgment about war, security, and America's place in the world.⁣ ⁣
1:33
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Every time the president escalates, markets fall. Every time he de-escalates, markets rise.⁣ ⁣ That isn't just about oil prices or your 401(k). It's the market's collective judgment about war, security, and America's place in the world.⁣ ⁣

Justin Wolfers

26,026 views • 1 day ago

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.⁣ ⁣
0:58
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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.⁣ ⁣

Justin Wolfers

20,701 views • 1 day ago

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.⁣ ⁣
1:25
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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.⁣ ⁣

Justin Wolfers

27,329 views • 2 days ago

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.
0:54
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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.

Justin Wolfers

48,409 views • 5 days ago

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: ⁣
1:53
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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: ⁣

Justin Wolfers

23,464 views • 3 days ago

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).
1:24
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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).

Justin Wolfers

1,995,470 views • 8 months ago

Having a baby bond tucked into a policy package is not the same thing as having a meaningful baby bond policy. If the equalizing piece is small and temporary, it’s not doing the heavy lifting.⁣ ⁣
1:36
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Having a baby bond tucked into a policy package is not the same thing as having a meaningful baby bond policy. If the equalizing piece is small and temporary, it’s not doing the heavy lifting.⁣ ⁣

Justin Wolfers

15,416 views • 2 days ago

"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."
1:01
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"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."

Justin Wolfers

1,384,057 views • 6 months ago

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.
1:43
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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.

Justin Wolfers

582,674 views • 2 months ago

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.
0:40
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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.

Justin Wolfers

899,465 views • 4 months ago

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.⁣
0:55
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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.⁣

Justin Wolfers

34,740 views • 6 days ago

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.
1:19
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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.

Justin Wolfers

1,160,604 views • 8 months ago

Love what the Australian soccer team says about modern Australia. Seriously, watch this video, and you'll be cheering for them too.
1:50
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Love what the Australian soccer team says about modern Australia. Seriously, watch this video, and you'll be cheering for them too.

Justin Wolfers

136,829 views • 1 month ago

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.⁣ ⁣
0:56
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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.⁣ ⁣

Justin Wolfers

16,936 views • 4 days ago

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.⁣
1:16
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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.⁣

Justin Wolfers

30,596 views • 8 days ago

Baby bonds are adorable. But a policy that expires in 2028 looks more like a campaign onesie than a savings plan.
1:40
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Baby bonds are adorable. But a policy that expires in 2028 looks more like a campaign onesie than a savings plan.

Justin Wolfers

43,871 views • 12 days ago

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.
0:59
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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.

Justin Wolfers

357,348 views • 3 months ago

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.)
2:38
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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.)

Justin Wolfers

587,916 views • 5 months ago

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
2:05
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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

Justin Wolfers

1,421,581 views • 1 year ago