Uploaded March 2026 | Updated September 2026, 2 weeks ago
"If you look at the value of the U.S. trade market, it's fallen about 5% since the war started," @PlatypusEconomics —professor of economics at the University of Michigan—explains on What Next. "Five percent of $60 trillion is $3 trillion."
Those numbers don’t just apply to the government—they translate to real financial consequences for American families, too.
Wolfers joins host Mary Harris to discuss the economic consequences from the war in Iran and why it is bad for the Strait of Hormuz to close. Watch the entire episode now on YouTube: youtu.be/dm2RZu11o2k?si=g9rZKZKDxRh0GiGI
#justinwolfers #economy #iranwar
"If you look at the value of the U.S. trade market, it's fallen about 5% since the war started," @PlatypusEconomics —professor of economics at the University of Michigan—explains on What Next. "Five percent of $60 trillion is $3 trillion."
Those numbers don’t just apply to the government—they translate to real financial consequences for American families, too.
Wolfers joins host Mary Harris to discuss the economic consequences from the war in Iran and why it is bad for the Strait of Hormuz to close. Watch the entire episode now on YouTube: youtu.be/dm2RZu11o2k?si=g9rZKZKDxRh0GiGI
#justinwolfers #economy #iranwar
