Should We Actually Be Worried About the National Debt | Diving In

Should We Actually Be Worried About the National Debt | Diving In

In this opening episode for Platypus Economics, Justin Wolfers explains why the federal budget deficit is one of the best examples of how economics can clarify a debate that politics often mangles. The central point is simple: deficits are not automatically good or bad, but a tool. And the only serious question is whether borrowing makes sense given the economy, the emergency, and the country’s ability to pay.

In a crisis, large deficits are often smart policy—stabilizing incomes, supporting jobs, and keeping an economic downturn from becoming a disaster. But today’s U.S. deficit is different. America is currently running a very large deficit—about 5.8% of GDP—without the usual crisis justification. The stakes are not instant collapse, but a slower erosion of fiscal capacity, institutional credibility, and the ability to spend on things that could actually improve your life.

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Episoder(78)

The Hidden Pattern in Gas Prices (And How to Beat It) | Diving In

The Hidden Pattern in Gas Prices (And How to Beat It) | Diving In

Oil prices spike and pump signs change almost instantly. But when crude falls, the savings trickle in slowly — if they arrive at all. This pattern, known as "rockets and feathers," is real and measura...

8 Jul 11min

Feel Your Feelings: Jobs, Trump Accounts, and America's Big Birthday | Off the Clock

Feel Your Feelings: Jobs, Trump Accounts, and America's Big Birthday | Off the Clock

Justin is back with Stacey Vanek Smith for another episode of Off the Clock just in time for America’s 250th birthday. The two of us dive into the latest economic news, and sift through the noise so y...

4 Jul 47min

June Jobs Report: Not Sinking, But Not Surging. Just Treading Water. | Diving In

June Jobs Report: Not Sinking, But Not Surging. Just Treading Water. | Diving In

Is a “bad” jobs number is closer to normal than you think? In this 10-minute breakdown, Justin Wolfers explains how to read the latest jobs report without overreacting to a single headline. June payro...

2 Jul 10min

Navigating Inflation: Smart Strategies for Better Choices | Diving In

Navigating Inflation: Smart Strategies for Better Choices | Diving In

Inflation doesn't just raise prices — it tricks you into staring at bigger dollar numbers instead of asking what those dollars can actually buy. A two percent pay raise sounds great until inflation is...

1 Jul 18min

How Food Delivery Killed Competition (And Took Your Budget With It) | Diving In

How Food Delivery Killed Competition (And Took Your Budget With It) | Diving In

Getting food delivered should be simple — but somehow it's gotten outrageously expensive. In this video, Justin Wolfers break down why food delivery apps like DoorDash, Uber Eats, and Grubhub make it ...

24 Jun 15min

Sifting Through the Wreckage of An Ill-Informed War| Slate's What Next + Platypus Economics

Sifting Through the Wreckage of An Ill-Informed War| Slate's What Next + Platypus Economics

In this episode of Slate's What Next, we examine the economic costs of the conflict with Iran and why the true price of war extends far beyond the immediate impact on oil prices. From higher energy co...

23 Jun 25min

Better Lawyers, Worse Economics: Inside Trump's Latest Tariff Strategy | Diving In

Better Lawyers, Worse Economics: Inside Trump's Latest Tariff Strategy | Diving In

Trump's trade war just won't die. After the Supreme Court struck down his "Liberation Day" tariffs and courts blocked his emergency global surcharge, the White House is back with a third attempt — thi...

17 Jun 14min

The Job Numbers Will Probably Get Revised—That’s Not A Scandal | The Professor Is In

The Job Numbers Will Probably Get Revised—That’s Not A Scandal | The Professor Is In

Justin Wolfers breaks down the biggest myths surrounding the monthly jobs report, starting with why strong hiring doesn't always move the unemployment rate. He also addresses the recurring claim that ...

15 Jun 17min

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