Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

Just finished up the audio-first version of my Boyer Lectures. Hopefully you’ll it’ll tickle some neurons. Should drop here, sometime later this week (I think October 19): www.abc.net.au/listen/progr...

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by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

"The U.S. is two economies. There's an enormous AI boom going on, huge investments, particularly in data centers. If you took that out of the numbers and you just looked at the non-AI parts of the economy, it's basically flatlining. We're on the cusp of a non-AI recession."
-- Me

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by Justin Wolfers — Reposted by James S. Shortle

by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

The Trump-China trade relationship reminds me of my middle school love life: On one week, off the week, high drama, passing notes, heartache, renewal, gossip, and we did it all again the next week.

The reality, of course, is that despite the drama, no-one was making long-term commitments.

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by Justin Wolfers — Reposted by James S. Shortle

by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

My dear grandmother was a geologist, and it would have given her great joy to hear her grandson digging into rare earth minerals, finding out what they do, and why they matter.

But for everyone else, it's a drag — the trade war equivalent of learning about the latest covid variant.

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by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

There's a decent chance that the Supremes will strike down Trump’s extra special brand new 100% China tariff, as unconstitutional. And so it's doubly notable how much markets panicked, given the (roughly) 50% chance it won’t happen. The market drop understates the damage Trump's trying to inflict.

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by Justin Wolfers — Reposted by James S. Shortle

by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

Trade war update (Taylor's version)

Justin Wolfers @justinwolfers.bsky.social · Apr 24

The White House says negotiations with China are/aren't happening, that they do/don't expect to cut/raise tariffs soon/in a bit/never, and they intend to play hardball/softball with China. Trump and Xi have/haven't spoken, and they do/don't expect a breakthrough sooner/later.

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by Justin Wolfers — Reposted by James S. Shortle

by Justin Wolfers — Reposted by Aaron Sojourner, Scott A. Imberman

Justin Wolfers

@justinwolfers.bsky.social

Here's the reality: On any given day the President might impose an effective embargo on trade with China. This is the second time he's done it *this year*. They may patch it up again, but the pattern has been set, and it will shape expectations for the rest of his term.

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by Justin Wolfers — Reposted by Nicola Giocoli

by Justin Wolfers — Reposted by Jonathan A. Parker, Nicola Giocoli

by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

Just a reminder that the Constitution gives Congress the power to set tariffs. It could end this madness any day they chose to discover their power.

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by Justin Wolfers — Reposted by James S. Shortle, Nicola Giocoli, Simon Schama

by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

Sorta feels like American trade policy is being set by the Nobel Committee.

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by Justin Wolfers

by Justin Wolfers — Reposted by Colin F. Camerer

by Justin Wolfers

by Justin Wolfers — Reposted by Justin Wolfers

Justin Wolfers

@justinwolfers.bsky.social

I sat down for a nice long chat on the Nick Standlea Show
about the economics of AI: How it's changing our labor market, who it's going to help and hurt, how policy can help, and what each of us can do to stay relevant.

Posted to my (fledgling) youtube channel here:
www.youtube.com/watch?v=oful...

The AI Revolution Is an Ownership Problem, Not a Tech Problem — Economist Justin Wolfers

YouTube video by The Nick Standlea Show

www.youtube.com

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References

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