Justin Wolfers

So Rich says he thinks it's because of the quality of leadership.

So I'm just going to throw on another statistic for you.

This same survey asks, what do you think about the quality of our macroeconomic policy?

And the share of Americans who rate it as poor has never been higher.

Of course.

We have lost trust in our leadership.

And that, you know, is a matter of civics and blah, blah, blah.

You guys talk about that all the time.

I'm sure it might worry you.

But it's a matter of economics.

is really quite problematic because am I going to invest in an education?

Am I willing to buy a house?

Does it make sense to get an education?

Does it make sense?

These are very long run decisions.

And if people feel they can't plan, they may be less likely to make those investments.

So, Tim, you're actually making, I think, a really fundamentally important point.

And I want to step even further back before we step into it.

Every day we wake up to a new news cycle, a new outrage of the day, a new kerfuffle.

There's all sorts of bullshit and nonsense going on.