Something feels weird about this economy

Noah Smith · Noahpinion · March 07, 2026 at 23:04 · ⏱ 4 min read  | Read on Substack ↗
Summary
The author introduces the idea that the U.S. economy currently feels "weird" and questions whether the cause is related to major trends like AI, tariffs, or changes in immigration policy. The article sets out to explain the situation by presenting three fundamental macroeconomic facts.
  • The author expresses a sense that something is unusual or "weird" about the current U.S. economy.
  • Potential contributing factors mentioned include AI, tariffs, and immigration crackdowns.
  • The article promises to outline three basic facts to understand the present macroeconomic situation.
Read time 4 min
Length 4,035 chars
Category macro
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