This week on Prof G Markets, Ed Elson and Scott Galloway are joined by Justin Wolfers, Professor of Public Policy and Economics at the University of Michigan, to reflect on the key economic lessons of 2025 and what lies ahead. He also shares his views on how AI is reshaping employment, where inflation could head in 2026, and what themes he believes will define the economy in the year to come. Subscribe to our Markets Newsletter! https://links.profgmedia.com/markets-newsletter Order "Notes On Being A Man" now! https://amzn.to/4nl4VKo Note: We may earn revenue from some of the links we provide. Timestamps: 00:00 - Today’s number 00:28 - Today’s episode 04:31 - Interview with Justin Wolfers 05:51 - How would you grade Trump’s first year back in office? 13:58 - Do you have any thoughts on how AI has impacted unemployment? 16:24 - Are we going to see chaos in the labor market or will we see the valuations of these companies come down? 20:25 - Are we headed for labor turmoil, or new markets that absorb the shock?" 26:57 - Ad Break 28:16 - What do you think of the federal government’s AI strategy and where is that gonna lead us? 32:25 - What do you think of the thesis that AI companies will have a huge impact on society but we will all be winners? 35:52 - What’s your reaction to the Wall Street Journal’s article on tariffs? 40:41 - Ad Break 42:06 - What do you think inflation is going to look like in 2026? 44:02 - Is that side as bad as the increase in prices, the decrease in our market and the markets for our products overseas? 51:29 - What are the themes that you think will drive the economy in 2026? 54:14 - What countries do you think are role models for thoughtful economic policy? 59:50 - What do you think could go right in 2026? 01:01:53 - Break 01:02:02 - Conclusion 01:08:45 - Credits Follow Scott on Instagram: https://instagram.com/profgalloway Follow Ed on Instagram and X: https://instagram.com/ed_elson_/ https://twitter.com/edels0n Subscribe to Prof G Markets on Spotify: https://links.profgmedia.com/markets-spotify Got a question for Prof G? Get answers on TikTok: https://links.profgmedia.com/tiktok Want more Prof G? Check out everything we're up to at: https://links.profgmedia.com/home #business #news #tech #financemotivation #stockmarket #profg #scottgalloway #profgmarkets #ai #earnings #stocks #inflation #investmentstrategies #investment #investing #gdp #podcast #recession #tariffs #ai #trump