Platypus Economics with Justin Wolfers
@platypuseconomics
Debt by itself is a lousy guide. A $500,000 mortgage can be manageable or terrifying depending on salary, rates, and future earnings. Same with countries: the real question isn’t “how much debt?” but “can they carry it?”
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"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."
"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.
The problem with a gas tax holiday? Lower gas prices encourage more driving. If the goal is relief, send checks based on last year's gas spending instead. Similar help for households, without increasing demand.
Kids often pick up on something economists downplay: people care not just about prosperity, but about whether technologies like AI are changing the world in ways that no longer feel predictable or secure.
Since Trump returned to office, 86% of net new payroll jobs have gone to women. Women now hold slightly more nonfarm payroll jobs than men — 50.02%. The labor market has shifted. The question is whether our policies and politics have noticed.
Short-run discomfort ≠ long-run harm. Phone bans make students feel worse at first — then better. By year two, well-being rebounds above baseline. Turns out kids (like all of us) just needed time to adapt.
"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.
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.
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.
We keep on growing, even when the weather and climate (and other circumstances and people) are crazy. Thank you for supporting small businesses; your choices matter. BTW, Epstein. Prosecute the predators. #farmlife #garden #familyfarm
Putin admits he launched the Ukraine invasion to prevent EU membership and says he plans similar action against Armenia.
Beck Malenstyn has been fined $3,515.63 for goalie interference against Jakub Dobes. Thoughts?🤔
@idwpublishing.com Operation: Iron Coffin #1, FOC June 1st, in shops July 8th! @kennyporter.bsky.social & Tyrell Cannon Interview on YT & Podcast Apps! LIVE Wednesdays 7PM EST! New Comic Book Day Reviews, Nerdy News/Rumors, & Creator Interviews! Follow, Subscribe, Join the Discord! PANELOIDS.COM!
Alexanderoncrypto Trump just cracked open the US payment system for crypto and almost nobody read the fine print. On Tuesday, May 19, President Trump signed an executive order titled Integrating Financial Technology Innovation into Regulatory Frameworks.
Oregon’s Universal Health Plan Governance Board is working now to deliver a transition plan for how Oregon can transition to universal health care. Learn more at oregon.gov/uhpgb Their plan is due to the OR legislature September 15th.
🇭🇺 🕺 Ο νέος υπουργός Υγείας της Ουγγαρίας, Χέγκεντους Ζολτ, κατάφερε για ακόμη μια φορά να τραβήξει πάνω του τα φώτα της δημοσιότητας, μετά τις ξέφρενες χορευτικές του κινήσεις. 🎥 telex.hu #iefimerida #Ουγγαρία #χέγκεντουςζολτ #πέτερμάγιαρ #χορός
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Montana farmers and ranchers aren’t “winning”. They’re being crushed by high fertilizer prices (Trump’s war) and high input costs (Trump’s tariffs). This fall, Montana can elect Democrats that understand our markets and communities.
Blue is peace, but mine is not Mine is the hush before a storm; the breath drawn deep before the wave breaks The blue I carry is deeper It moves like thought beneath still water, where silence thickens into truth, where loyalty lives w/o asking It anchors me in a world that drifts 9.27.25 MJSolace
Faites rayonner vos réalisations et vos collaborations en proposant votre candidature pour le Prix Collaboration scientifique, établi par l'association entre le FRQ et l’Institut d'administration publique du Québec. 📆 Date limite : 10 avril 2026 ➡️ Les détails : https://tinyurl.com/5xb93aen
Bin musikalisch ein bisschen eingerostet und hatte viel zu lange keine Gitarre mehr in der Hand. Deshalb hab ich einfach mal, ohne Plan, eine kleine Impro-Einsing-Übung gemacht.
Was life in the UK really like this in the #1970s? Yes! Well, the TV advertising version. It's got to be (sort of) real... Here's what I made.
Lens was my first decentralized social media. I got to meet some amazing people at this conference. It was fabulous. #crypto #PBC #onthisday
‘Havertz causing havoc’ 👑 (Arsenal Official) #Arsenal #COYG #AFC #Gunners #EPL #PremierLeague #ARSBUR
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North American Niobium ( #CSE: #NIOB | #OTCQB: #NIOMF ) sees niobium and rare earth potential in granitic pegmatites, applying years of lithium exploration insight. See full interview: youtu.be/0VhvsaAWfdo?...
RT @jxnlco: Me with my laptop slightly ajar on starlink Humpbacks in the background.
When should you consider using long acting injectables with your patients? Listen to the latest #Rx Report to hear the latest! https://youtu.be/9vGOG3mAiVY #forpharmacy
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TODAY, MAY 12th 2026 THE GOOD LIFE PRESENTS NICE RADIO AT HIDDEN TIGER INFO ON THE FLYER FREE BUT YOU HAVE TO RSVP AT FAMILYDINNER@WEARETHEGOODLIFE.COM (RSVP 🔗 IN MY BIO)
Racist dumbfuck attacks a Muslim and gets knocked out with one punch. FAFO
I'm having sex with my husband 💦 #nintendo #pokemon #disney #roythefox
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The detail I enjoyed the most about the Third Echelon HQ map in XDefiant is the giant WELCOME HOME and other "projected text" is still there
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Delta, el sistema operativo ucraniano para conducir la guerra, es alabado por el secretario del ejército de EEUU, reconociendo que tiene funciones que EEUU no soporta. Piropazo! :blobcatbeer: "El secretario del Ejército de los EE. UU., Dan Driscoll, elogió el […] [Original post on mastodon.la]
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The oligarchs making our city more expensive are also trying to buy this election. We can't let them win.
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Bake tender, cheesy sourdough scones with our premium Etsy starter. Perfect for breakfast or tea – get your active culture now and enjoy tangy, buttery scones in under an hour! #artisan #healthybaking #craftbread #naturalleavened #glutenfree #baking #foodie #starter #boule #sourdough #sourdoughbrea
🇮🇱🇱🇧 A Hezbollah rocket launcher that had fired toward Tiberias tonight was obliterated by the Israeli Air Force within minutes.
Come out and ROCK with us! We encourage your fun genuine energetic authentic self to shine! We call that being ☀️ ☀️ SUNNY ☀️ ☀️ Let your silly run wild! #sunnydayscoot #joy2ride #thingstodoinla #thingstodoinlosangeles #familyfun
Exactly one year ago today, Ukraine carried out operation “Web”. One of the most effective strikes deep in Russian territory since the war began. For over 1.5 years, Ukrainian intelligence prepared a large-scale covert operation.
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Who Holds Power? ➜ Pope Leo XIV has published a forceful encyclical calling to 'disarm' AI, Ethiopia has held elections with large regions excluded, German courts have indicted suspects over Iran‑linked plots, RSF‑affli
🎯A border guard shoots down a Ruzzian Shahed kamikaze drone with a rifle in the Chernihiv region.