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Justin Wolfers

๐Ÿ‘ค Speaker
1665 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Wall Street Sinks on Greenland Risk

Right.

Prof G Markets
Wall Street Sinks on Greenland Risk

So I think this is the markets putting in only a small chance of

Prof G Markets
Wall Street Sinks on Greenland Risk

but it's a small chance of a big bad outcome.

Prof G Markets
Wall Street Sinks on Greenland Risk

I've had the same thought.

Prof G Markets
Wall Street Sinks on Greenland Risk

And look, I like to speak to my expertise.

Prof G Markets
Wall Street Sinks on Greenland Risk

I'm a PhD economist.

Prof G Markets
Wall Street Sinks on Greenland Risk

And so there are many questions where, and I've increasingly had to do this, say, I think you should talk to a psychiatrist, not an economist.

Prof G Markets
Wall Street Sinks on Greenland Risk

What's striking is that the most important economic question of the day is best answered by a psychiatrist.

Prof G Markets
Wall Street Sinks on Greenland Risk

That's your point.

Prof G Markets
Wall Street Sinks on Greenland Risk

Right.

Prof G Markets
Wall Street Sinks on Greenland Risk

And it's a profoundly important point.

Prof G Markets
Wall Street Sinks on Greenland Risk

There are actually ethical reasons why psychiatrists are not meant to

Prof G Markets
Wall Street Sinks on Greenland Risk

You're not meant to speak up about someone whom you've not examined.

Prof G Markets
Wall Street Sinks on Greenland Risk

Yeah.

Prof G Markets
Wall Street Sinks on Greenland Risk

I hope you don't mind.

Prof G Markets
Wall Street Sinks on Greenland Risk

I might take your idea a little deeper because I've been thinking about this quite a lot.

Prof G Markets
Wall Street Sinks on Greenland Risk

I certainly don't think of the president as he currently is acting as rational, or at least we should put a high probability on that.

Prof G Markets
Wall Street Sinks on Greenland Risk

And that worries me.

Prof G Markets
Wall Street Sinks on Greenland Risk

And I'm like, oh, well, what happens if once every hundred years we have a leader, a world leader who is bonkers?

Prof G Markets
Wall Street Sinks on Greenland Risk

Right.