Platypus Economics Justin Wolfers says the economy feels precarious not just because of today’s numbers, but because of deeper damage to institutions, trust, and the rule of law under Trump. He points to worries about election interference, trade wars, the war in Iran, a huge budget deficit, and rising bond yields as threats that are “coming from inside the house,” while also arguing that the recent unanimous Fed vote to raise rates showed the institution was still holding and acting on the data rather than political pressure. He adds that the administration has lost credibility through repeated threats and bluster, making it harder for leaders to calm markets or shape economic outcomes, and he says Treasury officials like Bessent have misunderstood the bond market and overestimated their power. Subscribe to Fast Politics and listen 4x a week for interviews just like this on your favorite podcast app: https://episodes.fm/1645614328