Justin Wolfers
👤 Speaker
1665
total appearances
Appearances Over Time
Podcast Appearances
Prof G Markets
Iran War Will Cost Every Household $50,000
Long division is a superpower.
Prof G Markets
Iran War Will Cost Every Household $50,000
I wish someone had told me this in school.
Prof G Markets
Iran War Will Cost Every Household $50,000
We're spending another $600 billion, and I'm going to make it easy for you.
Prof G Markets
Iran War Will Cost Every Household $50,000
I'm going to say there's 120 million American households.
Prof G Markets
Iran War Will Cost Every Household $50,000
How much more are we spending per household?
Prof G Markets
Iran War Will Cost Every Household $50,000
Because you can just divide both sides by a million.
Prof G Markets
Iran War Will Cost Every Household $50,000
Now you got, you know, 600 divided by 12, 600 divided by 120.
Prof G Markets
Iran War Will Cost Every Household $50,000
That's why I chose 120.
Prof G Markets
Iran War Will Cost Every Household $50,000
It's actually 130 million.
Prof G Markets
Iran War Will Cost Every Household $50,000
So $5,000 per household per year.
Prof G Markets
Iran War Will Cost Every Household $50,000
And I'm now going to give you the easiest one.
Prof G Markets
Iran War Will Cost Every Household $50,000
If the president keeps this up for a decade, how much does that add up to for a typical household?
Prof G Markets
Iran War Will Cost Every Household $50,000
You are so good at this.
Prof G Markets
Iran War Will Cost Every Household $50,000
You should be less self-conscious about doing math on air.