Justin Wolfers
@justinwolfers
The lesson here isn’t just about phones in schools. It’s about human behavior: Take something away, and people usually replace it with something else. Economists call this substitution.
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As incomes rise, spending patterns change. People don't keep buying more wheat or endless washing machines. They spend more on health care, education, child care, and aged care. Check out the full analysis here: https://newsletter.platypuseconomics.com/p/the-pink-collar-economy-is-here
Think of an oil shock like a stone tossed in a pond. First splash: gasoline. Then the ripples: airfares, delivery costs, packaging, groceries, construction materials. The ripples are real. Just give them a moment to spread.
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Huge thanks to Brian O'Keefe and @nytimes.com for taking this seriously. To my team at Initial Digital. To @betseystevenson.bsky.social, who is willing to bet the family savings on a dream. And to YOU, for coming along for this adventure.
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If the job interview is "Will you do my bidding?" the answer isn't central bank independence. It's central bank karaoke: the chair just sings the president's tune.
A lot of AI debate gets stuck on whether the technology is “real.” The more useful question is economic: if it works, who benefits, how fast, and under what rules?
I regret to inform the junior coders that I, an economist with Wi-Fi, have gone on a Claude code bender. Great for productivity. Slightly less great if you’re the young worker trying to get a foot in the door.
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Putin says everyone wanted to “grab something from Russia” and asks why Finland joined NATO if there were no territorial disputes. Pesky Finns. Did you really join NATO just to snatch a piece of Russia? Hope you were aiming for a big one😁
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US-Iran Agreement Shifts Global Oil Markets Amid North Korea Developments #breakingnews #worldnews #currentevents #newsupdate #headlines #newsalert #news
1/2 Anti-EU propaganda continues through Serbian “independent” media: 1) Branimir Jovanović of the Vienna Institute for International Economic Studies claims in his “study” that the EU wants to turn Serbia and the region into a mining colony, with help from local politicians. 👇
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Missglückter Start - und jetzt? Vielleicht hilft dir das ❤️ #stillen #flaschenbaby #geburt #abpumpen #stillennachbedarf Ich bringe gerade meine Videos hierher – falls du neu bist, willkommen! 👋
owlmouse83 antworten Ich bringe gerade meine Videos hierher – falls du neu bist, willkommen! 👋
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