Justin Wolfers
banner
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%

"It's a thing that tin pot dictators do right before starting a hyperinflation and destroying their own economies." youtu.be/XGYHbCJVQCg
Trump’s Threat to Indict Jerome Powell Is a ‘Dark and Dangerous’ Moment, Says Justin Wolfers
What does it signal when a president threatens criminal charges against an independent central banker? Economist Justin Wolfers explains why the Trump administration’s investigation into Fed Chair…
youtu.be

🤔
Some countries that have prosecuted or threatened to prosecute central bankers for the purpose of political intimidation or punishment for monetary policy decisions: Argentina, Russia, Turkey, Venezuela and Zimbabwe.

Some countries that have prosecuted or threatened to prosecute central bankers for the purpose of political intimidation or punishment for monetary policy decisions: Argentina, Russia, Turkey, Venezuela and Zimbabwe.

Reposted by Justin Wolfers

Tillis is spot on. The Senate can't confirm a Trump toady to succeed Powell at the Fed. The rest of the game is now out in the open, and it doesn't end well.

“We’re going to educate our way out of this crisis,” the professor howls—uploading another YouTube explainer into the void.
@anacabrera.bsky.social and I put together this explainer on the economics of central bank independence. Unfortunately it seems more relevant than ever. I hope you find it useful. www.youtube.com/watch?v=fBVu...
Central Bank Independence. What's the argument for it, against it, and what does the evidence show?
This week on "The Professor Is In," economist Justin Wolfers breaks down one of the most important—but least understood—institutions in American economic life: the Federal Reserve. 🇺🇸 What is the…
www.youtube.com

What can history teach us about what happens when a populist strongman with an idiosyncratic taste for low interest rates undermines central bank independence?

Reposted by Scott A. Imberman

Don't doubt that Jay Powell is ready to lob back whatever grenades are thrown his way.

I've never seen a central bank release an evening video so directly taking on a head of state. In this case, the medium is the message: Powell is taking his case to the people.

The Department of Justice has become the Department of Recriminations, and it would be terrible for the Federal Reserve to become the Federal Subserve.

Congress didn't give Trump the power to run monetary policy, and it's up to Congress to ensure that he doesn't just steal it.

Attempting to criminalize the actions of an independent public servant, Fed Chair Jay Powell, for the sin of acting independently is an outrage. It's bad economics, bad politics, bad for the rule of law, bad for the public sector, bad for American credibility and bad for Americans.

Reposted by Justin Wolfers

If you want cheaper burgers, you don’t corner the market on ketchup—you raise the supply of beef. If you want cheaper housing, you build more homes. Financial condiments won’t fill the plate.

My economic outlook for 2026: "If someone is super confident on TV, telling you they know exactly what's going to happen, the only thing you're learning is about their disposition... their overconfidence."