Platypus Economics with Justin Wolfers19 Elo

[BONUS EPISODE] 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, lining up at the bank ahead of you and me, and that pushes the price of borrowing — the interest rate — up for everyone.

Justin sorts the story into three parts: why everyone's suddenly talking about the bond market, what Treasury Secretary Scott Bessent is actually doing, and what it all signals. Two forces are driving yields up — heavy borrowing for the AI buildout, and a federal deficit at post-war highs outside of COVID and the Great Recession, even as the economy is doing okay. Markets are quietly asking whether the government is serious about paying them back.

Here's what's at stake for you: when the government crowds the credit line, the rate on your next mortgage, car loan, and credit card goes up, and a bigger interest bill each month means less cash to get by. Then there's Bessent's move to double a bond-buying program from $2 billion to $4 billion a day — routine plumbing, or an attempt to muffle the warning the bond market is sending? Justin's honest answer: right now, nobody knows.

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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 meta...

19 Elo 18min

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, no...

15 Elo 1h 3min

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 exp...

14 Elo 24min

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 fall...

13 Elo 20min

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 ...

12 Elo 11min

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 yo...

8 Elo 35min

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 t...

7 Elo 17min