Platypus Economics with Justin Wolfers

Justin Wolfers

From world events to everyday decisions, economics explains it all. Platypus Economics makes it clear, useful, and actually fun.

  1. 5d ago

    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 measured, dollar-for-dollar response, the White House escalated again. They proposed an outright import ban on things like Canadian alcohol, dairy, and auto products. His point: banning a product punishes the American buyers who wanted it most and now can't get it at any price. That’s not the only way Americans are getting hurt. Canadian consumers are boycotting anything U.S. You can see it in the empty hotel rooms in Las Vegas and half-full convention centers. Canadians are "speaking from their heart" about sovereignty and dignity. No handshake between leaders will make that disappear. Why should you care? Because the price of the clowning around lands in your pocket. This could look like a lost bonus, a thinner paycheck, or your employer's shrinking income. If Canada decides it can't trust its neighbor and diversifies toward Europe and Asia, that shift outlasts any single election. Chapters: 0:00 Jazz hands and an update 1:00 What's changed since the last video 3:19 Meet the "infinity percent" tariff 4:30 Why a ban punishes American buyers 5:30 Do consumer boycotts actually work? 9:07 The real cost is the clowning around 11:07 How big a hit is this, really? 12:10 Should Canada diversify away from the U.S.? Subscribe — it's the one relationship with the U.S. that comes with zero tariffs: on YouTube 👉 https://youtube.com/platypuseconomics on Substack 👉 https://newsletter.platypuseconomics.com Follow on Social Media @PlatypusEconomics and @JustinWolfers

  2. Sep 10

    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 now be delayed, buried, reworded, or stripped of their uncertainty. So can you still trust the numbers that shape your paycheck, your mortgage rate, and the price of your groceries?  In this episode of The Professor Is In, Justin Wolfers answers the question a whole audience asked: in light of this, why should we believe the latest jobs numbers? Most useful of all, Justin hands you a rule of thumb for telling independent statistics from political claims — trust the official statistical agencies, be wary of anything from 1600 Pennsylvania Avenue, and remember that someone who lied to you once will lie to you again. Chapters: 0:00 An expensive way to make propaganda 0:56 Can we still trust the jobs numbers? 1:56 Which agencies are actually at risk 2:50 Why the jobs data is still protected 3:50 How statistics really get manipulated 6:22 The one report that was a lie 9:11 The tin-pot dictator club 10:02 Why propaganda destroys data's value 13:12 A rule of thumb for reading statistics 15:39 Official agencies vs. 1600 Pennsylvania Ave Subscribe — it's one number you can trust to go up honestly: on YouTube 👉 https://www.youtube.com/platypuseconomics on Substack 👉 https://newsletter.platypuseconomics.com Follow on Social Media @PlatypusEconomics and @JustinWolfers

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From world events to everyday decisions, economics explains it all. Platypus Economics makes it clear, useful, and actually fun.

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