Platypus Economics with Justin Wolfers
@platypuseconomics
"If what you want is rate cuts, here's the thing you don't do. You don't go and bomb a country in the Middle East upsetting global energy markets and pushing prices up across the board."
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More from Platypus Economics with Justin Wolfers
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Economics. Explained. Clearly. That's the mission of Platypus Economics. We’re launching today with big ideas, full hearts, and a lot of hope. Join us on our journey to see the wo...
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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 ripple...
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Pete Hegseth’s focused on the cost of the bomb. I’m more interested in the size of the economic crater. And that crater may be 10 to 100 times larger. For many families, that...
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A 60-year low in sentiment is a big deal because the baseline is already tough: this survey has lived through recessions, inflation, wars, and financial crises. And yet this is wor...
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Deficits aren’t inherently good or bad. They’re a tool. The real question is: what problem are they solving? Econ is annoyingly context-dependent like that.
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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?”
"The big story right now is oil. The next story is food." That's the transmission channel people miss: if fertilizer is "caught on the wrong side of the Strait of Hormuz," food prices can be next.
Two things can be true at once: the U.S. is more energy independent than in the 1970s, and an energy shock can still raise inflation. Independence isn’t immunity.
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.
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.
The key distinction is between nominal wages and real wages. Nominal wages are the dollars on your paycheck. Real wages are what those dollars can actually buy. If prices rise faster than pay, you’re going backwards.
Economics. Explained. Clearly. That's the mission of Platypus Economics. We’re launching today with big ideas, full hearts, and a lot of hope. Join us on our journey to see the world more clearly.
Lemme ’splain: calling it a “big beautiful bill” doesn’t make the maths prettier. If you cut taxes and don’t cut spending, the deficit goes up. That’s not ideology. That’s just arithmetic wearing sensible shoes.
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.
Opportunity cost is Econ 101 with real stakes: the cost of a choice is not just dollars spent, but what you gave up. For war, that means not only destruction, but all the prosperity that never gets a chance to exist.
🚨 THEY DIDN'T JUST DEFEAT THOMAS MASSIE. They made an EXAMPLE out of him. For years, Thomas Massie was one of the loudest voices against foreign wars, endless money printing, and government secrecy. He pushed for the release of the Epstein files. He opposed sending Americans into endless Middle
As soon as you’d hear, “Hit it!” and the beat dropped, people already knew what comes next and joined in with the rest of the song. “I’m Rob Base and I came to get down. I’m not internationally known…” Sir…yes you are. RIP, Rob Base. 💗
Hawks center Jock Landale (high right ankle sprain) will miss at least two weeks against the Knicks in the playoffs. Landale was injured by Magic center Goga Bitadze on April 1. He averaged 10.6 points on 52% from the field and 38% from 3-point range with 5.7 rebounds this season.
For this #InternationalDayofEducation, take advantage of Wolfram U's interactive courses, training and certifications in a wide range of computational fields. From Data science, to machine learning, LLMs to mathematics... we have your learning journey covered! https://www.wolfram.com/wolfram-u
Labour guy on the bbc saying that there is broad consensus to rally round Kier Starmer! Honey wake up and see he’s wrapped in barbed wire and stop going in for the cuddle. The call is coming from inside the house.
comprendre les expressions françaises : prendre un râteau tags : appropriation culturelle, jardin japonais, calligraphie éphémère, #gardening #art #geometry #drawing #philosophy
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 Pistons were down 24 early in the 2nd half. They have completely turned this around. After this 3 they are on a 45-13 run over the last 15 minutes! #NBASky #SkyHoops #NBAPlayoffs
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.
Take a closer look at one of your Smitty Competitors @Daniel Starling Check out the 3rd Non-Annual Smitty Memorial Tournament Saturday August 23rd from the Owen's Valley Sports Complex in Spencer, Indiana #thesmitty #coletv #indywrestling #spongebob #smittywerbenjagermanjensen
I got called a "foid" for the first time today 💔 twitch.tv/salpo_nolobio
Trevor is pleased to share that after 1 year of practising, Tweezer Crickets are now Sometimes OK!
2/2 Wo bleibt unsere Wut und Solidarität? Sonntag neue Folge She Drives Mobility u. a. mit @raulkrauthausen.bsky.social und Arne von Via, die diesen Service technisch organisiert hatten. Schon abonniert?
Zeldin said Gore declared "global freezing." The host, an actor, said that. Gore immediately said No. No. No. Zeldin put the actor's words in Gore's mouth. That's not a mistake. That's a paid service for Big Oil. #ClimateScience #AMOC #EPA
“You did it… Champions go on, when others stop. This is your time…. Now go on, and enjoy every moment” (Arsene Wenger) (Via official David Seaman) #Arsenal #Gunners #AFC #Champions #EPL #PremierLeagueChampions @arseblog.com @gunnerblog.bsky.social @arsenalvisionpodcast.com @dailycannon.com
Descend into a cursed idle dungeon where every upgrade feeds the unknown. 🕯️🩸 Horripilant is now available on Steam 👇 #indiegame #indiedev
🇷🇺/🇨🇳 "La Chine a pu imposer un prix deux fois moins cher que celui du marché", sur le premier gazoduc Force de Sibérie construit en 2016. ▶️Vera Grantseva, politologue et enseignante à Sciences Po Paris, était invitée sur #ledebatf24 ce soir avec Stéphanie Antoine #france24
Following the evacuation zone reduction in the Garden Grove tank crisis, Orange County officials want to reassure residents that it is safe to return.
Netanyahu says Israel has advanced to approximately 60% of the Gaza Strip, initially aiming for 70%. The crowd responds with “100! 100!”
This representative is full of crap and maybe just maybe her constituents are catching on to the corruption and who is winning is Washington Tony
Healthy token economics help create stronger ecosystems and better long term sustainability for blockchain projects Educational content only not financial advice #InterLink #ITLG #ITL
Ukrainian defender Vitalii Andreichenko returns to his hometown after more than three years in Russian captivity. His family, friends and the entire village came out to welcome Vitalii home! #AureFreePress #News #Ukraine #war
Did you know the answer? If you enjoyed this trivia, please follow for more. Also, please check out our games at strangebrothersgames.com #gaming #gamer #videogames #trivia #videogametrivia #gamequiz #arcade #deadbydaylight #gamenight #quiztime #retrogaming #mobilegames
Listen in on scientists finding (and falling for) a new species of octopus now called Microeledone galapagensis. Read more here www.scientificamerican.com/article/tiny...
On Tuesday night, the Oakley City Council meeting saw a passionate debate about the Bridgehead Industrial Project.
“Please hear me clearly: you belong. Your service matters. Our country is better because of you.” — Congresswoman Sarah McBride, addressing five retiring trans service members in a ceremony hosted yesterday by the Human Rights Campaign @mcbride.house.gov @hrc.org
Trump has openly stated that he doesn’t give a damn that Americans are struggling financially. Compounding THAT insult, he makes it even harder for the people with a scam so revolting that it beggars belief. By fleecing the American People of billions of dollars, he’s laughing at you all.
Procurement has long been held back by outdated, fragmented tools that waste time and add complexity. No one likes using them. In comes Mercanis. This AI-powered procurement suite brings procurement into the digital AI age with a state-of-the-art user experience,... (1/9)
At both the state and local level, it's time to phase out honors for Cesar Chavez and replace them with honors for Dolores Huerta, a true hero of the labor and human rights movements. Kudos to State Reps. Angie Cuellar and Edgar Gonzalez, Jr., for starting this effort.
🤼Lots of slipping and sliding in this one til Ichiyamamoto catches Gonoyama with a hikiotoshi (hand pull down) that puts him on his face. Ichiyamamoto now 5-6, Gonoyama 8-3 and losing ground on a crowded leaderboard.
A lot of the hype has been about Joseph Dzierwa and JT Quinn, but there's another pitcher from Orioles' 2025 Draft class off to a strong start. LHP Caden Hunter (6th-rounder) had 9 K's in 4 innings of 1-run ball today for Single-A Delmarva. The 22-year-old has a 1.17 ERA in 6 games.
While the @progressivetory party fights for public health care, education, and politician accountability, my personal focus will be in #Agriculture and #RuralPolicing in #CamroseConstituency
Video clip showing a Contilift Engineering 40ft ISO container loading and unloading syste. Systems like this are not common for 40ft containers, useful I think
Meet NINA (Our Intelligence is Not Artificial). Unlike ChatGPT, Gemini, Claude, or Perplexity, NINA was designed NOT to simulate care, but to CONNECT people TO care. 📖 Read the full story by Ana Arriagada: vita-activa.org/2026/05/27/w...
While he is a U.S. Marine Corps veteran, Victor Marx never served in combat or deployed to a war zone, according to his own public statements.
On this day in 2021: On #AEWDynamite: the infamous weigh-in for Cody Rhodes vs. Anthony Agogo ahead of Double or Nothing. They really should’ve used a digital scale for this segment 😂. Crowds at this time were slowly returning to full capacity, and the crowd did not like Cody. (via AEW)
Research shows happiness isn’t sustained by external rewards alone. For students, joy and engagement grow when learning aligns with interests, passions, and personal meaning. Interest-driven projects are a strong place to start.
Can we find a new species in New York City? 👀🐛🐞 We're sure going to try. Working with NYC Parks, Central Park Conservancy, and Prospect Park Alliance, we set up two large bug traps in NYC's Central Park and Prospect Park that will collect insects this summer. @benjij.bsky.social
Who wants to see Die Hard Trilogy re-released on modern consoles. I will pay money to see this game back on whatever platform it's available on for newcomers to witness this masterpiece! @20thcenturystudios.bsky.social #RetroGaming #PS1Classics #FreeDieHardTrilogy
Here's my tux and I'm ready for #TheGameAwards The song is Gold by Spandau Ballet
UK: HENRY NOVAK CASE... ...THIS NEWS WAS CABLED AROUND THE WORLD... THIS VIDEO HAS CAUSED POLITICAL CHAOS IN ENGLAND Outrage grows after police handcuff dying student FRANCE24 / WOW MEDIA CHANNEL Issued on: 03/06/2026 - 13:31 Modified: 03/06/2026 - 13:33
Just repotted and tended to all my plants. I’m SWEATING in this FL devil’s heat 🥵
Chinese lawyer Victor Kao warned if Is/ raeli use nuclear weapons, whether against Iran or any other country, it wouldn't save it but could lead to its end, as such a step would ignite a wave of international condemnation that could lead to its political & existential collapse.