Fast Politics with Molly Jong-Fast Justin Wolfers & Gov. Tim Walz
Nov 8, 2025
Justin Wolfers, an economist and host of Think Like an Economist, dives into the impact of the government shutdown on essential economic data, revealing how it disrupts jobs reports and GDP statistics. He warns that private data can't fill the void and outlines alarming economic signals from tariffs and immigration policy. Governor Tim Walz shares his experiences on the campaign trail and emphasizes the importance of authenticity in connecting with voters. He also discusses the ongoing effects of the shutdown on Minnesotans and his reasons for running for re-election.
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Data Loss From Government Shutdowns
- Government shutdowns remove vital public economic data and leave analysts blind.
- Justin Wolfers says private data helps but the picture becomes foggy and unreliable.
Personal Loss Over Missing Jobs Day
- Justin Wolfers recounts being a young economist obsessed with Jobs Day and how missing the jobs report felt deeply personal.
- He describes waking up on a jobs day during the shutdown feeling an
Private Data Is Foggy, Not A Replacement
- Private sector indicators exist but are weaker than official reports, making it hard to judge turning points.
- Wolfers warns tariffs and immigration shocks could push a slowing economy into recession, but we can't know now.