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Justin Wolfers said a country that has lost confidence in its economic future is in a better position than one that has lost its economic foundations.
Wolfers added that, at present, those economic foundations remain intact.
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Wolfers recently joined Stacey Vanek Smith on Off the Clock to review key economic events from the past week. In a separate discussion, he analyzed how fluctuations in gas prices and health insurance deductions shape public perceptions of inflation. These perspectives provide additional context to his latest views on economic confidence.