Justin Wolfers
@justinwolfers
"If your local bakery loses one of its ovens, the whole neighborhood ends up having to get by with less bread." That's the whole game. Markets can calm fast; physical production can't.
463
Likes
116
Reposts
7
Replies
More from Justin Wolfers
-
Here’s the thing—especially on April 15: cutting the IRS isn't some abstract budget trim. It's a tax cut delivered through weaker enforcement. And it mostly goes to people with the...
4,329 95 -
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 a...
2,398 234 -
"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...
1,297 31 -
Announcing: Platypus Economics — a Substack, YouTube channel, and podcast built around one idea: Economics is one of the most useful, surprising, and weirdly beautiful subjects in...
1,188 52 -
Optimism is not a policy tool. If there’s no clear timeline for resolution, energy markets will price in uncertainty. And uncertainty is costly because firms can’t plan and househo...
1,153 24
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?”
I am a very serious economist with very serious thoughts about the future of the United States.
“He failed to understand the interconnectedness of the world economy.” That was true in the trade war, and it’s true now.
"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.
Kevin Warsh once argued for rates that were too high for the economy, and he now seems politically reluctant to contradict Trump. That's a worrying combo. We'll find out soon enough which one shows up to work.
Some simple economics of the Met Gala: $42 million raised sounds enormous. It is. But economics is about compared with what? If the Met Gala creates far more value for fashion brands than for the museum, then the ticket price is probably too low.
AI doubles your productivity—go to the beach or make twice as much. As an economist, I love it. But then I talked to my kids. They didn't ask for this. And honestly? I get that now too.
Why oil? Because worsening war news tends to threaten energy supply. That pushes oil prices up. So rising oil isn’t just about petrol; it’s a signal about geopolitical risk hitting the global economy.
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.
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
Rushing your build costs more time than it saves. Off-site solutions only work if they're planned for in design. How are your design choices affecting your timeline? #architecture #smarthomes
Dr. Marty Makary has quit as FDA chief under pressure from Trump and others. Experts say the regulatory agency is too important for the "pure chaos" unfolding there, part of a larger unraveling of public health under Health Secretary Robert F. Kennedy Jr.
low calorie baking is my passion. i love breaking down the original recipe to figure out the science so i can then recreate or compensate with lower cal stuff this whole 2lbs basque (burnt top) cheesecake is ~2600 calories! 1 slice = 260! it’s reduced from…. (checks notes) 4500 cal of the original
"Canada is the greatest country in the world, but it can be better. And we're working on making it better." -- PM Carney details some of the ways his government has been working to improve Canada
David Adelman on Aaron Gordon: “There was no minutes restriction, but I think everybody saw Aaron was laboring. He gave us what he could give us. I thought it was unfair for me to keep him out there, to be honest. We’re going to have to decide what we’re going to do for Game 5.”
Amy Acton and Sherrod Brown have both been projected winners in their Ohio primaries. #Ohio Yesssssss!!
We were hoping for a revolution, but instead the Russians chose a “civil information war”… Russian journalists Dmitry Borisenko and Pavel Ivanov discuss what is currently happening in Russian society.
Das Wettrennen. - Ebbola - Hanuta - Die Arschpest, welcher Virus gewinnt das Rennen ?
The warm Gulf Stream is GLOWING on satellite on this morning. 🌊 On infrared satellite, the warmer things are darker. That's the Gulf Stream, which meanders north up the East Coast and then turns east around Virginia. www.cupajoe.live
That's exactly right. And he doesn't block Voting Rights for the good. As a matter of fact, it is for diabolical evil.
The Louvre was robbed. The police are still looking for the culprits but we all know who did it.
“Cheech and Chong Up in Smoke” Mixed media: Resin clay, acrylic paint, laser print, and plenty of hot melt. 🎶 “Up in Smoke” by Cheech Marin and Tommy Chong #cheechandchong #upinsmoke #sculpture #mixedmedia
The weekend is here — and Anchorage has plenty going on! From local theater and live music to the Spenard Food Truck Carnival kickoff and even a guinea pig adoption event, this week’s Anchorage Weekender rounds up 8 things to do around town. 📲 See the full list: https://akpub.io/4pvFNlH
There’s many Americans, and especially Michiganders, who still care deeply about the U.S.-Canada relationship. We are in a tough moment right now, but there is a future after President Trump.
"It's an amazing feeling, it was a dream come true" 🤩 Esmir Bajraktarević talks his "Milwaukee Messi" nickname and the moment he sent Bosnia and Herzegovina to the World Cup 💪
Goldman Sachs estimates 60M Americans could be on GLP-1s by 2028. That could add ~1% to GDP as more people re-enter the workforce and change how they spend. zurl.co/buahV #Economics #Healthcare #GoodRevenue
The LNP preferenced the Despicable and Toxic One Nation in the Farrer by-election and got exactly what they deserved, a bloodbath. The LNP/Nation Uniparty only have one policy, vilify migrants. #auspol #OneNation #Insiders #Farrer
Gosh this is getting hard now…Fire. Mainly because we get this transition from Fire to FYA
THIS part. it’s OFFICIAL #KNICKS in 6. first game WIN either in San Antonio or OKC. #KnicksSky #KnicksBlueSkies 👊🏽💥
Hardened images are great, but to truly make them your own, you need to add back in certs, tools, perms, and more. Customize Docker Hardened Images once, and SLSA Level 3 provenance, attestations, and SLA get applied automatically, with every patch! Full video: https://bit.ly/3QRTSgk
California AG's 23andMe Suit Exposes Genetic Data as Permanent National Security Liability [SENTINEL]: Without mandatory breach-triggered MFA and data-minimization rules for genetic firms, fu #TheFactum #SENTINEL
Michael Tracey says that there's no proof Jeffrey Epstein is a pedophile, and he says it's because according to the "clinical definition" pedophilia is only attraction to "pre-pubescent" children. He really did the "Um, actually, it's ephebophilia" argument.
Discover how WWII stamps carried hope, courage & connection. ✉️🌍 More than postage—they were lifelines, symbols of resilience & history. Perfect for history buffs & philatelists! Explore their stories & bring history home with our framed stamp displays. #W 👉 https://obelisk-stamps.com/a/EYLJOj
«El tablero está amañado desde que uno nace. Un chico de familia obrera solo tiene el sistema educativo público.» Me encanta cómo habla Laura Rodríguez Montecino. Os dejo este corte y otro más acerca de la motivación que hay, a día de hoy, en las aulas (video 2/2). 👇👏
I’m Stephanie Murphy—and I’m running for Mayor of Orange County, Florida. I was honored to represent parts of Orange County in Congress. I’m ready to bring my results-driven approach to our community so we can grow smarter, make life more affordable, and build a better future.
By focusing on internal joy and foundational experiences, one can truly how to grow their business. 🧡 #lifelessons #priorities mirrortalkpodcast.com/purpose-driv... Thank you! 🧡
Finally found a good rip of one of my fav Tekken 5 tracks from Devil Within its still a big earworm to me this day
Here is another one remind us how the people there on that "Day of Love" were prepared to show their affection.
One-button start, cup cup gold; paper cup machine, for you to open the wealth assembly line.
Hey everyone, Geek here, I'm a small time Nintendo Switch streamer. The times I stream are Saturday and Sunday 4a-8a. Yeah, I'm an early bird. Here's the recent games I've been playing. Hope i hear from y'all soon. Link is in the profile.
Happy Mother's Day to my mum Nellie Walsh from Gowna, County Cavan In Ireland. The Boys of Blue Hill Hornpipe. #Tinwhistle #Irishtraditionalmusic.. come z
Morning Minute feat. WisPolitics.com luncheon with @repgreta.bsky.social discussing the failed surplus deal. 📺 wiseye.org/2026/05/14/w... 🫶 wiseye.org/donate 📧 wiseye.org/newsletters #wisconsineye #wisconsin #wipolitics #politics #wibudget
Racism didn’t prevent Obama from winning - two times. Democrats and liberal leaning Independents far outweigh Republicans. It’s a matter of getting them to the polls. Buttigieg was asked on the Flagrant podcast if a gay could get elected POTUS. His answer 👇🏼
While his point of view as a disabled person is important, Kyle Erickson, a candidate for the House in Minot’s District 5 who lives with cerebral palsy, says disability rights is not even his top priority. He intends to be a representative of all people, not just people whose lives look like his.
Something... frosty this way comes...🦇 Night Shift: 1999 is clocking into Frosty Mini Steam Event - there you can even finally sink your fangs into our demo! So avoid the sun and feed on the coolest ANZ indie games around from December 10! @frostygamesfest.com #visualnovel #vampire #pixelart
🙌 Happy National Day to all our #CEPOL partners and followers from Italy! #StrongerTogether
This scene is so good, Gamera writhing in pain is delivered so well with the suit acting and Legion just looks so nasty all over him, plus the miniatures look incredible
Remembering Swedish pop singer, MARIE FREDRIKSSON (Roxette), who celebrates her "Heavenly" Birthday today (May 30th, 1958). Click on the provided link to hear her singing alongside her bandmate (Per Gessle) ... SONG LINK: youtu.be/im6c-DvBE8Y?... @djraysmusic.com
🚨Congress reconvenes TOMORROW. Veterans, call your members NOW and urge them to sign the discharge petition. We have 157 signatures. We only need 61 more to force a vote on the House Floor. It's time to #PasstheMajorRichardStarAct! ➡️ Has your Member signed? Visit: clerk.house.gov/DischargePet...