Justin Wolfers
@justinwolfers
Private credit is like plumbing behind the drywall — the water still flows, but you lose the gauges. You might not notice the slow leak until the ceiling stains appear. That's the trade-off worth understanding.
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The striking claim here isn’t just that AI is useful. It’s that it may be ‘industrial revolution’ scale. If that’s even half right, the issue isn’t one occupation. It’s how work gets reorganized across the economy.
The platypus has a sixth sense — it picks up signals invisible to everyone else. That's what good economics gives you. The promise: see clearly in murky waters.
When politicians zoom in from the whole economy to one carton of eggs, that's not a macro forecast. That's culinary cherry-picking.
Politicians love visible gestures. Economists ask the annoying follow-up: does it work? On gas tax holidays, the answer was basically no then, and no now.
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.
Consumer sentiment is near a 75-year low. But increasingly, these surveys may be measuring partisanship as much as economics. In other words, they may be asking “Do you like the president?” as much as “Do you like the economy?”
Right now, the AI boom mostly shows up as investment: chips, data centers, infrastructure. The real question is whether those foundations eventually help workers and firms do more with less.
Two weeks in, Platypus Economics is doing well. But to really succeed, we need sponsors. It's simple economics, really. Insight: I bet some of my Platypals work in the real world, with real jobs, and advertising budgets. If that's you, reach out: sponsor@platypuseconomics.com
"Stocks just had a great month because they previously had a terrible month." That’s not a boom; that’s a rebound from a scare.
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. Prices are helping signal scarcity. A gas tax holiday weakens that signal right when it matters most.
🚨 ICYMI: Kentucky’s Senate primary showed the growing power of Trump’s endorsement inside the GOP. Andy Barr won decisively after Trump endorsed him and a major rival exited the race for an ambassadorship role. The seat Mitch McConnell held since 1984 is now heading to a Trump loyalist.
“If you don’t stay focused on the issue the American people want you to stay focused on and solve their problem, they’re not going to replace something with nothing.” @mitch-landrieu.bsky.social weighs in on Democrats reportedly shutting down Trump impeachment talks for this year.
Good Morning! It's Thursday 07 May 2026, Andy Lloyd's Morning Show is live every weekday from 09:00 with three hours of music, showbiz, news & sport with features including The Retro Chart, The Bradshaws, Nuts at Nine, LA Spinz and a featured birthday artist.
Ramping at Queensland hospitals is still an ongoing problem 18 months into the Crisafulli government. The problem of hospital overload is complex & requires much more work from the parliament than an opposition simply winning government. #qldpol
Not to mention, gunning down people for trying to help a tear gassed victim, or saying "I'm not mad at you."
#abortion #trump #gop#MAGA #birthday What could possibly go wrong with banning abortions a case .
Memorial Day ceremonies to be held today. Also, city leaders possibly scaling back support for data center projects. Finally, crews battling the Seven Cabins Fire have made significant progress. MORE: https://www.ktsm.com/local/el-paso-news/list-memorial-day-events-in-the-borderland/
The future of Thames Water is very important to residents and I have been raising a number of issues on their behalf. The government will always act in the national interest on these issues, and while the company remains financially stable, the government stands ready for all eventualities.
QTP with a gif of the game you're currently playing.
Trump TACO TUESDAY @loudmouthkid62.bsky.social @howard-1931.bsky.social @karenlynncat.bsky.social @coko.bsky.social @jetguy58.bsky.social @jazchaz.bsky.social @debbie156.bsky.social
Who is the only Eagle ever to lead the team in both sacks and INTs in a season? Jalyx Hunt
🎙️🚀 Now & Next News! Episode 5: “Goodbye Summer Interns” ☀️👏 🦆 This summer, DTC interns brought energy, creativity, and fresh ideas! #NowAndNextNews #DTCNews #ChipQuackerby #NiaJetstream #InternLife #Innovation #Teamwork #DigitalTransformation #DuckDispatch #DigitalScoop #Rubberducking #DTC
The first sip of coffee in the morning feels like a fixing some computer issue on the first try 😁 ☕️
STARSEEKER: Astroneer Expeditions has a release date! The colorful sci-fi multiplayer survival and exploration game will have you explore strange new worlds, work together to complete planetwide objectives before moving onto another world~
Ana Kasparian points out that Democratic Senators Rosen ($7.6M), Schumer ($6.4M), and Cortez Masto ($3.2M) voted against blocking military sales. She demonstrates that the financial influence of donor groups is the primary driver of 2026 foreign policy. 📉⚖️
“everything here just feels like someones first two weeks in Blender and Unity thrown at the wall.” That was one of the first reviews we received on our demo, 2 years ago. But we didn't give up. Here's our final work:
Tom Adelsbach So yesterday Trump posted a video of him crashing Stephen Colbert's final show and literally throwing him in the garbage, and of course, I had to FIX it.
@cbsnews.com Norcal coverage Check out Xavier Becerra’s fortune cookies and breaking message.🤗 🎏🎋🥡🥢🥠🎏
We have something just for you in our Toys Dept. See what's inside. poshboymedia.com #toys #games #poshboymedia
Video shows a seaplane making an emergency landing on a Phoenix roadway after engine trouble. The pilot managed a fairly smooth landing, missing utility lines and traffic lights.
Iran claimt dat er een deal in de maak is waarbij Iran en Oman de controle over de Straat van Hormuz krijgen en de VS hun militaire aanwezigheid terugtrekt. Is dat volgens voormalig diplomaat Ron Keller een realistische uitkomst van de vredesonderhandelingen? #pauwendewit
That Gretzky quote "You miss 100% of the shots you don't take" is so true for career pivots. 🤔 It inspired my latest Content Mavericks Club ep after chatting with @ellieknowler.bsky.social about her courageous career change: https://youtu.be/KOCdIL6DKg4 #CareerChange #ContentMavericksClub
Copiei da Ju cerasoli kkkkkkkkkkk Russell falando na coletiva agora, do lado do Kimi, que não se ultrapassa por fora naquela curva em que o Antonelli tentou. "Parabéns por ele por ter tentado". "Nem foi investigado e isso diz tudo". Imagina a cara do italiano. Amooooooooo
Don't get it twisted: the MAGA decision to make millions go hungry and cut universal programs this November is about entrenching white supremacy.
Silviana: Ai Ippai no Boukensha (1988) | action RPG | Nintendo Famicom Disk System | Pack-In-Video Instead of saving the world, Silviana just wants to find medicine for her mom! And even after living the adventurer's life, she can still come home to visit, giving her the strength to keep fighting.
Ken Paxton has taken to calling you ‘Talafreako’ If Paxton is worried about freaks, he should stop giving Epstein-style sweetheart deals to pedophiles. This is the guy who just released Adam Hoffman from jail, an admitted child rapist
We have Bryde’s whale action in Australia! 9/12/25 Fabulous sightings from yesterday. The Australian Bryde’s Whale Catalogue is in full swing and so is citizen science effort to learn more about this species in Australian waters! #scicomm #brydeswhale #australia #abwc
I can’t be bought and I’m hell bent on cleaning up the corruption and rot in Washington, DC. CA-47 voters, I hope you’ll vote for me, on or before June 2.
No one should be shot for exercising their rights. Renee Good and Alex Pretti, U.S. citizens killed by ICE agents in Minneapolis, should be alive today. As Police Chief O’Hara says, “people have had enough.” We need accountability NOW. Sign our petition to hold ICE accountable. Link in reply.
Arranca el Telenoticias 2 con toda la actualidad de este sábado. ➡️ Síguelo en directo a través de nuestra señal TDT, del canal de YouTube de RTVC, en la plataforma Canarias Play y en rtvc.es
Exploring Kami is a reward in itself. Where are your favorite scenic locations in Cairn? (We’re working on the travel brochures😉)
With @jackslackmma.bsky.social talking about Phil Davis' hammerlock finish of Tim Boetsch but not remember the exact opponent, figured I'd show it off. Davis was a very frustrating fighter to watch, but I loved his ground work so much.
Sec. Marco Rubio claims the “war is over” during his hearing to the Senate Foreign Relations Committee. Meanwhile, on planet earth, Iran walked out of negotiations yesterday, the Hormuz is still shut down, and American troops are still in harm's way.
The Pentagon is completely humiliated. Iran brilliantly executed a massive saturation attack using ballistic missiles and kamikaze drones, completely overwhelming the US Patriot defense systems. Trump's disastrous war has left American bases completely defensele