Ed Elson

So, here to give us the update on the war and what it means for us and for the economy, we're speaking with everyone's favorite, our favorite, Justin Wolfers, Professor of Economics and Public Policy at the University of Michigan.

So, Justin,

The ceasefire might end tomorrow.

That's at least the deadline.

I mean, there's a lot to get into, but I guess my first question is, does that even matter?

Because, you know, this weekend we heard from Trump that Iran violated the ceasefire.

Iran said that we violated the ceasefire.

We saw this news where we actually did fire Iran.

at an Iranian cargo ship.

So I just can't tell if this is even meaningful at all.

What do you make of it?

Does this change things for you?

Yeah, I mean, it seems as though

We can't really trust anything that's being said.

In addition, the deals that are being quote-unquote made don't really turn out to be deals.

They break the agreements of those deals and then they say that the deal is off, but then they continue to say that there's a deal and say that there's going to be a deadline for that deal and then talk about extending the deadline and...

or renegotiating the deal, etc., etc.

And so, we're supposed to kind of play this game of, oh, let's follow along with the story.

There's going to be a ceasefire, and then they're going to extend it.

But ultimately, as we kind of began, like, none of it really means anything.