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Americans are fed up with the cost of living and former President Donald Trump says he will help. Yet 16 Nobel Prize-winning economists are warning that Trump’s proposals wouldn’t just fail to ...
Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated ...
The letter points to Trump’s tariff and tax policies as inflationary and likely to balloon the federal deficit – a widely held view among economists. But it also issues a stark warning.
Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump's proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target. The Nobel economists noted that they aren't alone in sounding the alarm.
In a newly released interview, Nobel Prize-winning economist Joseph Stiglitz disagreed with Trump's contention that the economy has lifted up working-class Americans.
Trump's new economic proposals drew criticism from 16 Nobel prize-winning economists [62] [63] (Trump's campaign and supporters rebuked the laureates' critiques. [ 64 ] [ 65 ] ), Wharton School ( Trump's alma mater ), [ 66 ] [ 67 ] Goldman Sachs , [ 68 ] [ 69 ] and Moody's Analytics , among others.
The former president’s potential economic policies could have the reverse effect many Americans hope for in a presidency
2008, Nobel Memorial Prize in Economics for Krugman's contributions to New Trade Theory. [101] He became the twelfth John Bates Clark Medal winner to be awarded the Nobel Memorial Prize. 2010, Howland Memorial Prize, awarded by Yale University [102] 2011, EPI Distinguished Economist Award. [103] 2011 Gerald Loeb Award for Commentary [104]