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INSANE: Justin wolfers | Vintage Vibes

How Much Has the Iran War Actually Cost? A Lot More Than $25 Billion.

Direct military costs have exceeded $70 billion by one estimate, and Americans have paid more than $37 billion in higher energy costs since the war began.

Reason

Nightmarish labor market finally shows signs of letting up—and ‘vindication’ for Jerome Powell

“Low-hire, low-fire” is so 2025-coded as January suggests companies may actually be hiring in 2026. This jobs report made Maria Bartiromo say, “Wow.”

Fortune

Trump’s economy is the ‘least conservative’ in a lifetime, top economist warns. ‘Our kids will feel it in a set of lost opportunities’

The University of Michigan’s Justin Wolfers sees Trump’s economy set to derail growth for a whole generation.

Fortune

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White House says it's 'reviewing protocols' after Trump seemingly broke the law by disclosing jobs data early

The White House claims "there was an inadvertent public disclosure" but it says the media shouldn't be "grasping at straws to foment another fake controversy."

Fortune

Trump's $12 Billion Aid For Farmers An 'Admission' That President's Policies Have Hurt Americans, Says This Economist

President Donald Trump’s $12 billion financial aid package for U.S. farmers who are currently reeling from the fallout of his administration’s trade and tariff policies, alongside low market prices, is being criticized by prominent economists, analysts, and even some farmers themselves.

Benzinga

Trump's 'Original Sin' On The Economy Was This, Says Economist Justin Wolfers: 'It Was An Irresponsible Claim At The Time'

Economist Justin Wolfers criticized President Donald Trump’s rhetoric on the rising prices, noting that his promises on the campaign trail were never realistic to begin with.

Benzinga

Trump Says There May Be No 'Income Tax to Pay' as POTUS Boasts Tariff Numbers

US President Donald Trump claimed that because of the high tariff revenues, there may not be a need to pay federal income tax.

International Business Times UK

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Trump's Tariff Rollbacks, Housing Market Anomaly, Bitcoin's 'Mirror Image' And More: This Week In Economy

As the week wraps up, let’s take a look at some of the most significant stories that unfolded over the past few days.

Benzinga

Trump Tariff Policy Is A 'List Of Lies And Exaggerations,' Says This Economist And They Reveal More Than A 'Wonky List Of Truths'

Economist Justin Wolfers pushed back against President Donald Trump’s recent tariff claims, criticizing them for being misleading.

Benzinga

Fed Governor Stephen Miran Reportedly Says He Won't 'Inflict Real Harm' On The Economy Just To Prove A Point — Pushes For A Rate Cut

Federal Reserve Governor Stephen Miran signaled his willingness to support the Fed’s decisions if it pursues another interest rate cut, instead of issuing another symbolic dissent as he has in the past.

Benzinga

Top Economist Says Trump's Tariff Rollbacks Are A 'Remarkable Admission' That His Policies Raised Prices

President Donald Trump's recent decision to roll back specific tariffs to combat soaring consumer costs constitutes a “remarkable admission” that his signature trade policies have directly fueled inflation, argues prominent economist Justin Wolfers.

Benzinga

DOGE Disbands 8 Months Before Expiration Date: 'Office Doesn't Exist,' Says Trump's OPM Director

The Department of Government Efficiency, originally an Elon Musk-backed effort to shrink the federal government, has disbanded with about eight months left on its charter, ending an initiative billed as a flagship of President Donald Trump's cost-cutting agenda.

Benzinga

Top Economist Warns September Jobs Report Is Warning To 'Cut Back On The Economic Junk Food'

Despite a September jobs report that saw the U.S. economy add 119,000 positions—more than double the expectations of forecasters—top economist Justin Wolfers is urging caution, warning that rising unemployment signals it is time for the country to “cut back on the economic junk food.”

Benzinga

Top Economist Warns Trump Tariffs Effectively Impose Tax Rate On Low-Income Households That Is Triple Of High-Income Ones

A new analysis from Yale's Budget Lab shows that the sweeping tariffs imposed by President Donald Trump in 2025 act as a highly regressive tax, hitting America's poorest households more than three times harder than the richest.

Benzinga

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Benzinga

Top Economist Warns White-Collar Workers Are Facing Their 'Detroit Auto Worker' Moment As AI Begins Replacing Cognitive Jobs

Economist Justin Wolfers has issued a stark warning that white-collar professionals are now facing their “Detroit auto worker” moment due to the rise of artificial intelligence (AI).

Benzinga

Kevin O'Leary Says 'You'll Never Actually Own The House' With Trump's 50-Year Mortgage Plan: Shark Explains Why Its Bad Policy

Investor Kevin O’Leary is pushing back against President Donald Trump’s plans for a 50-year mortgage, warning that it would deepen the country's housing affordability crisis rather than solve it.

The Mary Sue

‘We’re an unreliable partner’: Economist Justin Wolfers breaks down how Trump’s tariffs are going to seriously hurt the U.S. in the long term

Economist Justin Wolfers exposed how Trump’s tariffs are making goods pricier and America itself look unreliable. He proved that the self-proclaimed “deal-maker” is just breaking the world’s trust instead.

Benzinga

Mohamed El-Erian Warns Government Shutdown Damage Is Intensifying: 'The long This Persists, The Slower And Less Complete The Bounce-Back...'

Prominent economist Mohamed El-Erian is sounding the alarm over the prolonged U.S. Government shutdown, warning that the economic consequences are becoming more severe as the standoff stretches into its 34th day.

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Benzinga

Trump Loyalist Stephen Miran's 'Utterly Incoherent Case For Rate Cuts' Convinces 'No-One,' Says Economist After His Dissent

The Federal Reserve cut its benchmark interest rate by a quarter-percentage point on Wednesday, but the decision was overshadowed by sharp internal dissent and scathing external criticism of one of its governors.

Benzinga

Justin Wolfers Says Government Shutdowns Barely Dent GDP, But Calls It 'Big Values Fail' — Voters Pay Their Taxes 'Either Way'

Economist Justin Wolfers said that the economic cost of a government shutdown may be limited in terms of GDP, but the broader toll is measured in sidelined workers and eroded values.

Benzinga

Bernie Sanders: 'Elon Musk Became $186 Billion Richer' Under Trump — Things Going 'Pretty Well' For Billionaires, But 'How Are You Doing?'

Sen. Bernie Sanders (I-VT) criticized the widening wealth gap amid the surge in the net worth of billionaires during President Donald Trump’s second term in office.

Benzinga

Justin Wolfers Says AI's Soaring Energy Demand Is Like Egg Shortage — But Predicts Market Will 'Hatch More Watts' As Prices Rise

Economist Justin Wolfers compared the current surge in electricity demand driven by artificial intelligence to a temporary "egg shortage," arguing that rising prices will spur new investment and stabilize power supply over time.

Benzinga

Dan Niles Channels Keynes On AI Hype, Warns Market Can Stay 'Irrational' Longer Than Investors Can Stay Solvent

Investor Dan Niles of Niles Investment Management said that the current market valuations are lofty, there is still room to run before the tide begins to turn.

Benzinga

Justin Wolfers Says Calling AI Bubble Is A Bit Like Trying To Spot The Top Of Mt. Everest, Economist Questions 'Confident Bears'

Economist Justin Wolfers pushed back against “confident” bears, suggesting that fears of a massive AI bubble may be overhyped and that the soaring valuations seen in the tech sector “actually do make sense.”

Benzinga

'A Tale of Two Economies:' Steve Eisman Warns AI Spending Is Masking America's Weak Growth Reality — Rest Of Country 'Is Barely Growing'

Investor Steve Eisman, known for accurately calling the 2008 financial crisis, is sounding the alarm once again, this time on the growing disconnect between America’s booming tech sector and its stagnating broader economy.

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