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Justin Wolfers

👤 Speaker
1470 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

It's $100 per household.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

Not much.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

But then you see markets today rose one and a half percentage points.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

And as we talked about, that's a trillion dollars.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

Right.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

And so the stakes aren't tens of billions.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

The stakes are hundreds of billions.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

and plausibly trillions.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

And so therefore the stakes for the average, and no one is average, the average American household are thousands and plausibly tens of thousands of dollars.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

So two things that you learn out of that.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

One, big deal.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

Two, keeping track of orders of magnitude is actually the most important skill here.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

I can probably guess how many zeros are involved.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

I can't, anyone who thinks they know what number is in front of the zeros is kidding themselves about how precise they can be.

Prof G Markets
$1T Moved on Iran “Talks” — Did They Even Happen?

Great pleasure, Ed.

Marketplace All-in-One
Let's talk about the new Trump tariff

Here's the reality.

Marketplace
Let's talk about the new Trump tariff

Here's the reality.

Marketplace
Let's talk about the new Trump tariff

I bought a T-shirt from Target.

Marketplace All-in-One
Let's talk about the new Trump tariff

I bought a T-shirt from Target.

Marketplace
Let's talk about the new Trump tariff

I didn't pay the tariff directly.