16 Nobel Economists Warn Second Donald Trump Term Would Mean 1 Thing
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Joe Biden’s economic agenda is “vastly superior” to Trump’s, the Nobel laureates explained in a letter.
Inflation will soar once again if former President Donald Trump wins back the White House, a group of 16 Nobel prize-winning economists have predicted in a letter obtained by Axios.
President Joe Biden’s economic agenda is “vastly superior” to that being put forward by presumptive GOP presidential nominee Trump, argued the Nobel laureates.
A second Trump term would “have a negative impact on the U.S.’s economic standing in the world, and a destabilizing effect on the U.S.’s domestic economy,” and his “fiscally irresponsible budgets” would reignite inflation that has “come down remarkably fast” in recent weeks, they warned.
The letter was signed by Joseph Stiglitz, George A. Akerlof, Sir Angus Deaton, Claudia Goldin, Sir Oliver Hart, Eric S. Maskin, Daniel L. McFadden, Paul R. Milgrom, Roger B. Myerson, Edmund S. Phelps, Paul M. Romer, Alvin E. Roth, William F. Sharpe, Robert J. Shiller, Christopher A. Sims and Robert B. Wilson, per Axios.
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