The MeidasTouch Podcast Justin Wolfers Discusses Trump’s Long-term Economic Damage
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Jan 25, 2026 
Justin Wolfers, a University of Michigan economist known for public commentary on macroeconomics and policy, explains how erratic leadership and weakened institutions create long-term economic harm. He discusses market uncertainty from tariff threats and credibility loss. He also covers risks to manufacturing, jobs, innovation, and future generations.
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Davos Trip Caused Market Whiplash
- Justin recounts Trump's Davos visit and tariff threats that sparked market swings.
- He describes market drops when tariffs were threatened and rises when those threats were rescinded.
Downturn Driven By Political Incompetence
- Justin Wolfers says this downturn may be the first caused mainly by incompetence rather than external shocks.
- He highlights policy-driven uncertainty as the key economic damage harming businesses and markets.
University Example Of Policy Uncertainty
- Wolfers gives classroom and university examples to show how uncertainty affects institutions.
- He mentions not knowing if students can cross borders to pay tuition as a concrete business risk.