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What If We Just Gave Poor People Money?
Official poverty fell to 10.2% — so why does the better measure show almost no change? The new poverty numbers are out, and the headline looks like good news: official poverty dropped to 10.2%, a third straight annual decline. But Justin Wo
The Fed Raised Rates. Here's What It's Fighting. | Off The Clock
The Fed just raised rates unanimously — and Justin Wolfers explains why that 12-0 vote matters more than the rate itself. Joined by Bloomberg Businessweek's Stacey Vanek-Smith on Off The Clock, Justin unpacks what "Silent Kevin" Warsh actua
The Hawk Behind The Hike | The Professor Is In
The Fed just raised its target rate by a quarter of a percentage point, the first hike since 2023 — but Justin Wolfers argues the number on the front page isn't the real story. In this episode of The Professor Is In, producer Augusta Chapma
Understanding The Fed’s Rate Hike Decision | Diving In
Understanding The Fed’s Rate Hike Decision | Diving In The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point. It’s the first time the Central Bank upped rates since July, 2023. All 12 members of the Feder
The Canadian Boycott is About More than Economics | The Professor Is In
Why an "infinity percent" tariff on Canada may hurt Americans more than Canadians. The U.S.–Canada trade war just got weirder, and Justin Wolfers walks through what actually changed. After Canada answered Washington's tariffs with a measure
The Hidden Link Between Government Debt and Everyday Credit | Off the Clock
Why does the bond market matter more than the stock market for your wallet? Justin Wolfers and Bloomberg Businessweek columnist Stacey Vanek Smith take on August's inflation report, the rising odds the Fed hikes rates, and the one market th
What August’s Inflation Report Means for You
Inflation is stuck at 3.4% and prices are outrunning your paycheck. Here's what August really showed. The August inflation report just landed, and Justin Wolfers walks you through what it means for your wallet. Plus the all-important burrit
Vote Republican, Get $5,000? | Diving In
Is the promise real, and who actually pays for it? At a midterm campaign rally Wednesday night, President Trump promised every adult American citizen a $5,000 check, but only if Republicans win both the House and the Senate. He's calling th
How Governments Manipulate Statistics Without Lying | Professor Is In
Can you still trust the jobs numbers after Commerce dropped its ban on political interference? In August the Commerce Department quietly crossed out the rules that shielded official statistics from political meddling — meaning reports can n
Hidden Ways the Government Manipulates Data | Diving In
How the government can rig official statistics without ever faking a single number. A few sentences vanished from a Commerce Department directive — and almost no one noticed. In this episode of Diving In, Justin Wolfers walks you through wh
The U.S. Canada Trade War Casts a Much Longer Shadow | Diving In
Canada just retaliated against President Trump's latest tariffs, and everyone wants to know how big the hit will be. Economist Justin Wolfers walks you through the whole U.S. Canada trade war, and lands on a surprising answer. By the end, y
Why Tariffs Can't Rebuild American Manufacturing | The Professor Is In
Why did Trump's tariffs fail? It's a competence problem, not just a trade-theory problem. Economist Justin Wolfers answers your questions about why the Trump administration's tariffs earned straight F's on their own stated goals. His argume
The Jobs Report Beat Expectations. Will The Fed Care?
The economy added 162,000 jobs in August — far above the 50,000 to 60,000 Wall Street expected — and Justin Wolfers is smiling, because this is genuinely good news. Unemployment sits at a low 4.1%, and we've now had six straight months of j
The Bond Sell-Off Isn’t the Scary Part | Diving In
Everyone's talking about the bond market, and Justin Wolfers is here to explain what's actually going on — without the panic. In this episode of Diving In, he strips the fancy words away: the bond market is just supply and demand for loans,
Who Actually Paid for the Trade War? | Diving In
Trump’s tariffs were supposed to do five things. So how did they actually score? Justin Wolfers grades the tariff agenda against the administration’s own goals. Did tariffs create leverage? Did the trade deficit fall? Did factories come hom
Can You Sanction a Country That's Already Cut Off? | The Professor Is In
In this episode of the Professor Is In, Justin answers your questions about "Operation Economic Outcast," the White House plan to squeeze Iran by threatening its trading partners with sanctions and loss of dollar access. The catch: the US a
The Fed Chair Won't Talk (But Markets Listened Anyway) | Off the Clock
On this Fed-heavy episode of Off the Clock, Justin Wolfers and Bloomberg's Stacey Vanek Smith dig into new Fed Chair Kevin Warsh's argument for a quieter, less transparent central bank — and why it doesn't hold up. Warsh defended saying les
Why the BLS Guardrails Held — and the Census Bureau's Failed | The Professor Is In
In this episode of the Professor Is In, Justin answers your questions from his earlier episode debunking the Census Bureau’s claim that 24,000 noncitizens voted in the 2020 election. He starts by addressing the elephant in the room: even if
How To Fake a Voting Scandal | Diving In
The Census Bureau just published a report claiming 24,000 noncitizens illegally voted in the 2020 election. In this episode of Diving In, Justin Wolfers takes the report apart and shows why it reads less like statistics and more like propag
America Is Reusing Cuba’s Sanctions Strategy on Iran | Diving In
Do sanctions on Iran actually work? Sixty years of the Cuba embargo say probably not. Treasury Secretary Scott Bessent just announced what he's calling an "economic D-Day" against Iran — a threat aimed not just at Tehran but at every foreig
The Economics of Feeling Ripped Off | The Professor Is In
Politicians keep promising to bring prices down. In this episode of The Professor Is In, Justin Wolfers explains why that's a terrible idea — and why it's not the same thing as slowing inflation. He walks through what actually happens if yo
What the Heck is Going On In the Bond Market? | Diving In
Bond yields have jumped from a little over 1% just after COVID to more than 5%, and Justin Wolfers walks you through why that matters at your kitchen table. The short version: the U.S. government is borrowing an enormous amount of money, li
What the $20 Burrito Debate Gets Wrong About Affordability | Diving In
A college student said a burrito shouldn't cost $20, and suddenly everyone seemed to be arguing about affordability. In this latest installment of Diving In, Justin Wolfers uses that burrito as a metaphor to untangle a real puzzle: 95% of A
How Lab-Grown Diamonds Broke the Market | Off the Clock
Justin Wolfers and Bloomberg's Stacey Vanek Smith pick through a week of confusing economic news on the latest episode of Off the Clock. First up, inflation. Inflation came in at 3.4% — not great, not terrible — but here's the part that sti
If AI Does Your Job, Who Gets Paid? | The Professor Is In
Justin Wolfers sits down for The Professor Is In to answer your follow-up questions about labor's declining share of income — the reason a soaring market can coexist with wages that feel stuck. He explains that this isn't just an American s
No, the K-shaped Economy Isn't Over | Diving In
The stock market keeps breaking records, but your paycheck doesn't feel like it. In this episode of Diving In, Justin Wolfers explains that disconnect with one number: labor's share of income has fallen to 54.4 cents on the dollar, the lowe
Inflation Is Still High. Just As We Thought. | Diving In
The newest inflation report is out, and Justin Wolfers walks you through what actually matters. Annual inflation is running at 3.4% — well above what the Fed wants, and high enough to explain why the checkout line still feels uncomfortable.
AI's Biggest Problem May Be Its Pace | The Professor Is In
In this bonus-sized episode of The Professor Is In, Justin Wolfers uses a strange, wonderful case study — the collapse of artisanal bootmaking in 1850s England — to think through what AI will do to your work, your wages, and maybe even wher
The July Jobs Report Should Worry You | Diving In
The July jobs report just dropped, and it's time to worry. Markets expected around 80,000 new jobs — instead, the economy lost 23,000, and revisions to the prior two months erased another 100,000 we thought we had. In this video, Justin Wol
How Early Access to Trump’s Truths Will Drain Ordinary Investors | Diving In
Justin unpacks the new $100,000-a-year Truth Social API—a special "pipe" that will allow the president's posts to hit Wall Street computers a second or so before the rest of us see them. In this episode of Diving In, he explains why one sec