The Latest Breaking News from Justin Wolfers

‘Trump accounts’ promise to mint child millionaires. Experts have their doubts

President has hyped growth of federal investment accounts to help US children – for his own political gain

The Guardian - US · Sep 13

Mohamed El-Erian Warns US Treasury's Bond Buyback Is Just a 'Band-Aid,' Not a Fix For a $40 Trillion Debt Problem

Economist Mohamed El-Erian said the U.S. Treasury Department’s surprise move to double its bond buybacks this week is a short-term fix that does nothing to address the root causes of soaring long-term interest rates and the federal government’s mounting debt and deficits.

Benzinga · Aug 20

Justin Wolfers Says AI Won't Kill Your Job — but It Will Change What It's Worth: 'Lab-Grown Diamonds Didn't Abolish Diamonds

Economist Justin Wolfers said the artificial intelligence shock to labor markets may resemble what happened to diamonds once lab-grown alternatives hit the market, not eliminating jobs entirely but sharply reducing the worth of certain tasks.

Benzinga · Aug 17

Bernie Sanders Slams Trump's Economic Agenda, Says It's for the 'Billionaire Class'

Sen. Bernie Sanders (I-Vt.) criticized President Donald Trump’s policy agenda, arguing that proposed spending priorities and changes to benefits would hurt working-class Americans while favoring wealthy individuals.

Benzinga · Aug 5

Trump's Zombie Tariffs Are Back— and Top Economist Justin Wolfers Says It's a 'Never-Ending 24/7 Saga'

President Donald Trump’s sweeping import taxes have returned from the dead, earning the moniker “zombie tariffs,” and economists warn the chaotic policy is wreaking havoc on U.S. businesses.

Benzinga · Jul 28

Samsung Cuts US Jobs, Tariff Wars Escalate and More: This Week in Economics

It’s been another eventful week on the economic front, with tariff battles, corporate restructuring and regulatory appointments setting the stage for what’s ahead. Here’s a quick recap of the major economic stories that came in over the week.

Benzinga · Jul 26

Top Economist Warns Trump's New Tariffs Are 'Same Rotten Policy' in a New Wrapper Even If They Survive Court: 'But They Will Fail To...'

The Donald Trump administration has officially announced a sweeping new set of tariffs ranging from 10% to 12.5% on 60 designated trading partners—encompassing over 80 individual countries when accounting for the European Union—to replace expiring temporary duties.

Benzinga · Jul 24

'Canada Was Just the First One To Find That Out': Top Economist Warns Trump's Tariffs Are a Global Trade War Test Case

President Donald Trump’s sudden move to slap a 50% tariff on Canadian goods is less about the northern neighbor and more a stark warning to the globe. Economist Justin Wolfers argues the tariffs serve as a test case ahead of a broader global trade war.

Benzinga · Jul 22

Gavin Newsom Says Trump's Canada Tariffs Will Raise Costs, Asks How Many 'Tantrums' Do Americans Have To Suffer Through

President Donald Trump‘s new 50% tariffs on Canadian goods drew criticism on Tuesday, with Gov. Gavin Newsom (D-Calif.) warning the move would raise costs for Americans, while economist Justin Wolfers said the tariffs could weaken confidence in future U.S. trade agreements.

Benzinga · Jul 22

Justin Wolfers Says Trump's 'One Big Beautiful Bill' Puts an Expiration Date on 'No Tax on Tips,' but 'The Tax Cuts for the Rich Are Permanent'

Economist Justin Wolfers criticized President Donald Trump’s tax legislation, arguing that several campaign promises targeting workers and retirees were narrowed in the final law while tax cuts benefiting wealthier Americans remain permanent.

Benzinga · Jul 21