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The Find Out Podcast

How Is The Economy Really Doing?

The Find Out Podcast

Find Out Media & Studio71

Politics, News Commentary, Government, News

4.92K Ratings

🗓️ 3 February 2026

⏱️ 61 minutes

🧾️ Download transcript

Summary

Economist Justin Wolfers joins The Find Out Podcast to cut through the noise and explain what’s really happening with the U.S. economy. Is it as strong as Donald Trump claims? (Short answer: no.) Are we headed straight for a recession — or is that fear being overstated for political gain?We break down inflation, jobs, growth, and why economic reality so often clashes with how people feel. Wolfers explains how economic data gets cherry-picked, why “vibes” dominate headlines, and how the economy becomes a political weapon in moments of uncertainty.If you’ve felt confused by competing claims about the economy, this conversation is for you. Plus this is likely the funniest discussion of the economy you've heard in a long time. 👕 **Merch** made in the USA & union-made: https://findoutpodcast.com 📬 Subscribe to bonus content: https://findoutpodcast.substack.com  📱 Follow us everywhere: @FindOutPodcast   📣 Share this episode & tag us #FindOutPodcast   📥 Send us feedback and tips: hello@findoutpodcast.com  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey, everybody. Welcome back to the Find Out podcast. You've got Tim, Rich, and Zach today. And we're

0:25.9

going to take a little bit of a break talking about, you know, ICE going into all of our communities

0:30.8

and, you know, shooting people and everything. But we're going to talk about something.

0:34.5

They're done. They're done. Right. Oh, they're done now. That's all over.

0:55.4

Yeah. I heard they were done on. Well, we're going. Well, we're going to move to the state of the economy because we've actually got one of the top economists in the United States. We have Justin Wolfers with us, who is an Australian economist and public policy scholar, and he is a professor of economics and public policy at the Gerald R. Ford School of Public Policy at the University of Michigan. Justin, thanks for joining us today.

1:00.3

Great, good to be here. I'm also an American, by the way. Oh, you are. Oh, I'm sorry. I was reading

1:05.5

your Wikipedia page, so I'm going to have to, I'm going to have to. Great research being done on

1:09.7

those. Oh, God. Yeah, we go real deep here. I was reading the first paragraph off. But anyway, so, so, just, so, uh, tell us, just generally speaking, I saw you gave a grade for the U.S. economy recently, and I think it was a B minus. Uh, so we are hearing everything from the economy is amazing. It's great. It's never been

1:30.5

better to we are basically on the precipice of a recession. In your opinion, generally at the 10,000

1:38.4

foot level, where are we economically? Like what's working and what's not? Yeah, let me start. You just said,

1:45.3

I've heard this enormous range of commentary. I don't think that's true, actually. You've

1:49.0

heard the president say that we're off the charts. Great. When lying, liars lie, I tend to think,

1:55.1

you know, I'm just going to like pretend you never spoke because when you don't speak

1:58.7

truths, you don't deserve a seat at my table.

2:01.0

Yep.

2:07.0

So what we have is a range from people who really believe it's quite healthy to people who believe are on the cusp of a recession.

2:09.9

All of those things might be true.

2:13.7

Let me give you a few ways of thinking about this.

2:15.9

So first of all, the economy at the beginning of

2:18.7

2025, beginning of the Trump term, was in pretty good shape. To be clear, that this is not a partisan

2:26.2

remark, the economy in 2019 on the eve of the pandemic, so during the first Trump term, was in pretty

2:33.2

good shape.

...

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