‘Permanent’ Damage: Why The Economy Changed Forever | Justin Wolfers

🔒 Get 20% off DeleteMe by going to https://joindeleteme.com/DAVIDLIN and use code DAVIDLIN to protect your privacy!And 🔈 Listen to What the Hack?, an award-winning, true cybercrime podcast: https://pod.link/1571482669Justin Wolfers, Professor of Public Policy And Economics at the University of Michigan, and Host of "Think Like An Economist", discusses the lasting economic consequences of the Iran conflict, shifting defense spending, Federal Reserve policy, the labor market, and what gives assets like gold their value.*This video was recorded on April 9, 2026.To get 5% off of your CoolWallet purchase, use my link: https://www.coolwallet.io/discount/davidcwSubscribe to my Briefs channel: https://www.youtube.com/@DavidLinReportBriefsSubscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW JUSTIN WOLFERS:Webpage: hhttps://users.nber.org/~jwolfers/index.phpX: https://x.com/JustinWolfersYouTube: https://www.youtube.com/@JustinWolfers"Think Like An Economist" Podcast: https://open.spotify.com/show/4sOVMPFJmCROADLMDdDwjsFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]: This video is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. Always conduct your own research and consult a licensed financial professional before making any investment decisions.The views and opinions expressed by guests are solely their own and do not represent the views of this channel. Any forecasts or forward-looking statements are based on personal opinions and are not guarantees of future performance.This channel may include sponsors or affiliates. Their inclusion does not constitute an endorsement, and the channel is not responsible for the performance, claims, or actions of any sponsor, affiliate, or third party.No content in this video should be interpreted as a solicitation to buy or sell any securities or assets. Investments carry risk, including the potential loss of principal.0:00 - Intro.1:02 - Permanent economic damage and defense budget5:16 - Lessons from past wars and market reactions10:09 - How long will the conflict/ceasefire last?15:52 - Signals and noise in markets and the economy23:41 - Growth, The Fed, and inflation33:00 - Real wages, tariffs, and supply shocks37:30 - Teaching economics and why gold matters#economy #iran #warzone