Justin Wolfers
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justinwolfers.bsky.social
Justin Wolfers
@justinwolfers.bsky.social

Econ professor at Michigan ● Senior fellow, Brookings ● Intro econ textbook author ● Think Like An Economist podcast ● An economist willing to admit that the glass really is half full.

Justin James Michael Wolfers is an Australian economist and public policy scholar. He is professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan, and a Senior Fellow at the Peterson Institute for International Economics. .. more

Economics 62%
Psychology 14%

Reposted by Joshua Goodman

When Elon blew up Twitter he also fragmented online Econ. My solution has been to crosspost to X+Threads+BlueSky. I'm now seeing some interesting stuff on LinkedIn, so I've started to post there too.
But I'm a newb. If you’ve got any pointers, I’d love to hear 'em: www.linkedin.com/in/justin-wo...
www.linkedin.com

The recent sharp rise in Black women's unemployment is striking, even as it has largely escaped notice.

Reposted by Timothy D. McBride

“When the economy slows, the folks that are hurt most are almost always vulnerable groups.” And that context leads me to be doubly worried by the recent sharp rise in Black women's unemployment.

The Trump administration wanted to do something about affordability, so it cut a few highly visible tariffs. What does that suggest they believe the rest of their tariffs — which remain in place — are doing to affordability?

Foiled. And I can't tell if I'm annoyed or proud: The kids quickly recognized me as a shared foe trying to grab the surplus for myself. They unionized and refused to bid against each other. Organized labor negotiated a settlement that better served their collective interests.
The subtext in JD Vance asking for "patience" on the economy: When leaders stop talking about current conditions and jump straight to rosy forecasts, they’re signaling the present isn’t defensible. That’s your cue to scrutinize the numbers, not just the narrative.

Just got to the airport with the kids and was pleasantly surprised to have gotten one kiddo upgrade. Problem: I have two kids.

So I'm holding an auction and they're each bidding on how many times they will unload the dishwasher over Thanksgiving. Highest bid gets the upgrade.

"We're pro-affordability, but we're going to raise tariffs on you. We're pro-affordability, but we're going to undermine the Fed, which is going to potentially cause inflation. We're pro-affordability, but... we're going to rip the American health insurance system up."

A key point from this interview: the "benefit" of tariffs, if it exists, is delayed. You don't flip a switch and get a plant tomorrow. You wait years. It also follows that a tariff you don’t trust to outlast a mood swing won’t change where companies build at all.

Word of the Day: Stagflation. So "stag-" is stagnation. That's when the economy slows, sometimes when it goes backward... there's roughly a 1 in 3 chance of a recession over the next year... "-flation" is inflation., and inflation currently has remained stubbornly high"

We've moved to the new CCCB "Central Campus Classroom Building". (It's bigger. And newer.)

"I've got a lot of empathy for J.D. Vance here asking for patience...I was talking to my partner last night and I asked her for patience. I'm trying to work on having a better personality...I'm not all the way there yet right now." And maybe that's how we should interpret JD's views on the economy.

My MVP for this week: I've discovered some folks who could do a much better job running American trade policy. #Econ101 #GoBlue #TeachEcon

It was!