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Justin Wolfers

@JustinWolfers • 452,281 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.

1,104,692 views

Until a few days ago, most people had never heard of red-dyed diesel. It's tax-free diesel for farm and off-road equipment. ⁣ ⁣ Trump said truckers can use it now and defer their standard tax bill until 2027 (after the midterms 🤔)

Until a few days ago, most people had never heard of red-dyed diesel. It's tax-free diesel for farm and off-road equipment. ⁣ ⁣ Trump said truckers can use it now and defer their standard tax bill until 2027 (after the midterms 🤔)

14,978 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

A lot of gratitude from me. I launched Platypus Economics with Justin Wolfers 3 months ago with a goal to make economic literacy accessible to everyone. Crossing 100k subscribers YouTube is a big step in that journey. Thank you helping us get off to this incredible flying start!

A lot of gratitude from me. I launched Platypus Economics with Justin Wolfers 3 months ago with a goal to make economic literacy accessible to everyone. Crossing 100k subscribers YouTube is a big step in that journey. Thank you helping us get off to this incredible flying start!

14,601 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...

44,282 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.

35,609 views

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"Mark Carney and the Canadian government can sign any number of trade agreements, but you can't change what's in the heart of Canadians right now." The damage has been done, and Canadian consumers are refusing anything to do with the U.S.A.⁣ ⁣
0:48
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"Mark Carney and the Canadian government can sign any number of trade agreements, but you can't change what's in the heart of Canadians right now." The damage has been done, and Canadian consumers are refusing anything to do with the U.S.A.⁣ ⁣

Justin Wolfers

468,317 views • 1 month 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

1,995,576 views • 11 months ago

Odd-looking trades happen all the time in markets that big. What's hard to explain is telling investigators to stop looking.
0:31
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Odd-looking trades happen all the time in markets that big. What's hard to explain is telling investigators to stop looking.

Justin Wolfers

12,955 views • 2 days ago

One hot inflation report and the market's odds of a pre-election rate hike doubled, from 22% to 44%. Odds are back down to 28%, but nobody knows what the Fed will do on Oct 28.
0:57
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One hot inflation report and the market's odds of a pre-election rate hike doubled, from 22% to 44%. Odds are back down to 28%, but nobody knows what the Fed will do on Oct 28.

Justin Wolfers

11,372 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

1,384,200 views • 9 months ago

Three things to take from today's inflation numbers: the level is too high, the trend isn't improving, and it's worse than forecasters thought. That's about as cheerful as a wet weekend.
1:13
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Three things to take from today's inflation numbers: the level is too high, the trend isn't improving, and it's worse than forecasters thought. That's about as cheerful as a wet weekend.

Justin Wolfers

17,353 views • 3 days ago

The fraying of the MAGA coalition isn't really about policy. We can see he's taking everyone for a ride.
0:24
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The fraying of the MAGA coalition isn't really about policy. We can see he's taking everyone for a ride.

Justin Wolfers

12,256 views • 3 days 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

899,688 views • 8 months 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

1,160,821 views • 11 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

582,764 views • 6 months ago

Americans hear "51st state" as Trump trolling. Canadians hear it as an existential threat to their sovereignty. That gap in perception is why Carney can't afford to look conciliatory, even if the economics of retaliation don't add up. This isn't just a trade war anymore.
0:50
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Americans hear "51st state" as Trump trolling. Canadians hear it as an existential threat to their sovereignty. That gap in perception is why Carney can't afford to look conciliatory, even if the economics of retaliation don't add up. This isn't just a trade war anymore.

Justin Wolfers

166,473 views • 1 month ago

Trump ripped up NAFTA, replaced it with USMCA, then ripped that up too. The lesson is that markets have little reason to trust this president's signature. ⁣ ⁣ So Canada shouldn't accept pain today in exchange for promises about tomorrow. It should judge any deal by whether it serves Canada's interests now.⁣ ⁣ ⁣
0:50
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Trump ripped up NAFTA, replaced it with USMCA, then ripped that up too. The lesson is that markets have little reason to trust this president's signature. ⁣ ⁣ So Canada shouldn't accept pain today in exchange for promises about tomorrow. It should judge any deal by whether it serves Canada's interests now.⁣ ⁣ ⁣

Justin Wolfers

254,348 views • 2 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

1,421,692 views • 1 year ago

A quick vocab lesson for the president: if you buy something from me, then we have a "trade deficit". It doesn't mean you got ripped off. It doesn't mean it's unfair. All it means is you ended up with more stuff and I ended up with more cash.
1:08
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A quick vocab lesson for the president: if you buy something from me, then we have a "trade deficit". It doesn't mean you got ripped off. It doesn't mean it's unfair. All it means is you ended up with more stuff and I ended up with more cash.

Justin Wolfers

50,470 views • 18 days ago

Cutting the diesel tax doesn't make the cost disappear. Who's gonna pay for road repairs?
0:55
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Cutting the diesel tax doesn't make the cost disappear. Who's gonna pay for road repairs?

Justin Wolfers

13,928 views • 4 days ago

"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."
0:43
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"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."

Justin Wolfers

865,892 views • 11 months ago

The scarier story isn't a president firing a commissioner over bad jobs numbers. It's what happened last week, quietly, with no front-page coverage: our statistical agency actually put out a number shaped to please the president.⁣ ⁣ That's not a bad data point. That's the loss of a shared source of truth.
1:03
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The scarier story isn't a president firing a commissioner over bad jobs numbers. It's what happened last week, quietly, with no front-page coverage: our statistical agency actually put out a number shaped to please the president.⁣ ⁣ That's not a bad data point. That's the loss of a shared source of truth.

Justin Wolfers

130,011 views • 1 month 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

588,199 views • 8 months ago

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.
1:11
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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.

Justin Wolfers

787,766 views • 11 months ago

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.
1:13
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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.

Justin Wolfers

567,431 views • 8 months ago