Platypus Economics with Justin Wolfers
@platypuseconomics
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.
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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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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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"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 b...
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One more sleep until I can tell you what I've been working on. Can't wait.
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.
A windfall profits tax sounds great as a one-off. But once investors expect it to happen again, it's no longer a windfall tax—it's just a profits tax. And that can discourage the investment you actually want.
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.
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.
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.
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 worse. Read the full analysis on Substack: https://newsletter.platypuseconomics.com/p/consumer-sentiment-hits-a-record
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?”
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.
Denver, CO — Hackers accessed newly powered crosswalk push-buttons, triggering audio messages insulting Donald Trump (while still announcing when it was safe to cross). "Trump Murders Children." "The Walk Signal is on. Fuck Trump"
ariathome: In 3 years jamming outside I’ve never encountered a cellist before, let alone an electric one.. this was something special. Already posted the first jam I did with this group (with the sax), but I had to keep them around & get @cellobritt on the mic #Music #Instruments More in thread 2👇
#BTTC - The committee for the first amendment has been created. @browneyedsusan.bsky.social @hedahunter.bsky.social @rubicon1313.bsky.social @jensdad4biden.bsky.social @auberon.bsky.social @jtruss-24.bsky.social @dindin6.bsky.social @coko.bsky.social @kygrannyof12.bsky.social @cwebbonline.com
European Union was a way of replacing Nazism. It is one of the most ambitious projects in the history of man. Listen to @iandunt.bsky.social and @dorianlynskey.bsky.social tell its story in episode 1 now! linktr.ee/originstoryp...
Kali Peterson thought grief was the hardest thing she would face. She was wrong. Discover Kali’s story today. www.amazon.com/dp/B0GSHB367 #bookishcommunity #thrillerbooksandcoffee #momswhoreadthrillers #thrillerbooksaddict #thrillerbookstagram #thrillerreads #newbookalert
Mouse Mindfulness 5/19/26🐭💜 Sometimes if you change the way you look at things a whole new outlook can appear🫶🏻 #fyp #mousemindfulness🐭 #mindfulness #quotes #perspective
Going to be thinking about this House Call from Swerve Strickland for a long, long time ...
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"Die Daten scheinen nun ziemlich eindeutig zu bestätigen, dass wir in den nächsten Monaten einen El-Niño-Zyklus erleben werden, der alle bisherigen Rekorde bricht." Einer von unzähligen Gründen, Klimaschutz als Grundlage für alles zu sehen.
Geschätzt: 2-3 Tage alt? 🥰 Bin jetzt stolze „Stiefmama“ zweier kleiner Taubenküken… 🫠 (Hab die Abwesenheit des Papas genutzt um Futter und Wasser nachzustellen!)
GOOD NEWS EVERYBODY: We got MICS in the new practice space!! Here's a clip from our latest demo of ACETYLENE Full vid on IG: www.instagram.com/p/DYzCLPmqLQj/
Trump’s OPM wants to impose NDAs across the fed workforce. It isn’t really about protecting “confidential government information.” It's about intimidation and making public servants think twice before exposing misconduct, waste, abuse, or criticism the administration doesn’t want the public to hear
No idea what he's saying, but riveted by what he's showing us. elparcerobotanico on Instagram #environment #nature #botany
Argentina’s far-right government blames Indigenous Mapuche communities for the wildfires that have devastated Patagonia in recent years. But judicial investigations have found no evidence to support this – despite officials suggesting links to “terrorism”. The real evidence points elsewhere. ⬇️
Republicans Face THEIR Biggest Identity Crisis Yet #Republicans #GOP #Politics #Conservatives
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Life’s a lot like baseball. You won’t hit every pitch, but if you stay disciplined, trust your swing & keep showing up, the wins will come. In baseball & in life, striking out is part of the game. The difference makers are the ones who step back into the box anyway! #SheShed
Comfortable stay close to Lake Geneva #Pully #privatestudio #studioPully #GrapePlace https://www.grape-place.com/grape-place-prieure/?utm_source=BlueSky&utm_medium=BlueSky&utm_campaign=BlueSky&utm_id=BlueSky&utm_content=BlueSky
Stacey Kincaid and Steve Discano are lying to Fairfax County residents. Watch as they get cornered on their refusal to notify ICE, revealing the legal impossibility of their excuses. #FairfaxCounty #ICE #BorderSecurity #VirginiaPolitics
🆘 #ICE detain mother and 14 year old son outside school—day before 8th grade graduation‼️ Agents also broke car windows to arrest woman's 2 older sons—who had rushed to help their mom and little brother.
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Russian forces tried to trick Ukrainian troops near Vovchansk with a truck and trailer converted into an improvised pontoon crossing. Drone operators from the 57th Brigade’s 2nd Battalion and other units destroyed it.
Legend of Heroes' quest spanned multiple chapters filled with plenty of grind-filled leveling, strange twists, and traditional turn-based gameplay taking you on a grand adventure. A neat gem of an RPG filled with brutal beasties along with sweet and sour ear candy, especially for the TG-16 CD crowd!
Vous savez qu'à cause de la loi qu'Emy évoque dans son fil, les TDS n'ont pas le droit d'ouvrir de compte en banque ? Oui oui. Je vous met une interview Kombini de Khalamité sur le sujet.
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How I feel sometimes when I get results.... #science #scientist #lab #laboratory #neuroscience
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