The Nobel laureates are lending their academic prestige to a political argument Biden's team has been making for weeks.
Sixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump's plans would reignite inflation and cause lasting harm to the global economy if he wins in November.The Nobel laureates are lending their academic prestige to a political argument the Biden administration has been making for weeks: Inflation
"While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump," the 16 economists write in a letter, first obtained by Axios.and draw attention to Trump's actual proposals — including his plans to impose fresh 10% duties on all imports, and"We believe that a second Trump term would have a negative impact on the U.S.
"Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," they write.He was joined by 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.
Voters don't give him much credit for the first two but they blame him for the third, telling pollsters that high prices are a major source of their economic unease. More thanOfficials also are using the levers they have to try to convince voters that they're focused on lowering prices.
Economic Growth Tariffs Nobel Prize Joe Biden Taxes Inflation Corporate Taxes Federal Taxes Biden Administration Trump Tariffs
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scoop: Johnson seeks votes for bill to support Trump after guilty verdictGOP hardliners want a full-court press to defend Trump, but some centrists are uneasy.
Read more »
Scoop: DNC billboard tags Trump as 'convicted felon'It's the DNC's first paid ad using 'convicted felon' — and another clear indication that Biden's campaign will seize upon Trump's criminal conviction to frame voters' choice on Nov. 5.
Read more »
Scoop: Trump's protectors push Johnson for House voteConservatives want a vote on a bill that would allow a current or former president to move state cases brought against them to federal court.
Read more »
Scoop: Democrats ding GOP's 'blind loyalty' to Trump in new attacksTheir Republican counterparts are training their fire on Trump-district Democrats who haven't weighed in.
Read more »
Scoop: X and NewsNation plan live town halls with Trump, RFK Jr.The interviews will be available live to all X users globally.
Read more »
Melania Trump's Silence on Husband's Verdict Raises EyebrowsTrump's sons, Eric Trump and Donald Trump Jr. both criticized the verdict on Thursday.
Read more »