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16 Nobel Prize winners in Economics assure that Donald Trump would increase inflation

16 Nobel Prize winners in Economics assure that Donald Trump would increase inflation
16 Nobel Prize winners in Economics assure that Donald Trump would increase inflation

The former US president was singled out by economic specialists behind Joseph Stiglitz.

Reuters

They are approaching presidential election in USA, which will have the leaders of the Republican and Democratic Parties as main candidates. In this framework, 16 Nobel Prize winners in economics put the magnifying glass on Donald Trump and point out that a victory for the opponent would trigger inflation.

The signatories of the warning were Joseph Stiglitz, George A. Akerlof (2001), Sir Angus Deaton (2015), Claudia Goldin (2023), Sir Oliver Hart (2016), Eric S. Maskin (2007), Daniel L. McFadden (2000), Paul R. Milgrom (2020), Roger B. Myerson (2007), Edmund S. Phelps (2006), Paul M. Romer (2018), Alvin E. Roth (2012), William F. Sharpe (1990), Robert J. Shiller (2013), Christopher A. Sims (2011), and Robert B. Wilson (2020).

In the letter, the specialists point out that “although each of us has different points of view on the details of different economic policies, We all agree that Joe Biden’s economic agenda is far superior to that of Donald Trump.”

The warning about Donald Trump: “A second term would be negative”

“We believe that a second Trump term would have a negative impact on the economic position of the United States in the world and a destabilizing effect on the internal economy of the United States,” explain the economists behind Stiglitz.

Donald Trump.JPG

Donald Trump, criticized for 16 Nobel Prize winners in economics.

Donald Trump, criticized for 16 Nobel Prize winners in economics.

They add: “Many Americans are concerned about inflation, which has declined remarkably rapidly. There is, rightly, the concern that Donald Trump will revive this inflationwith their fiscally irresponsible budgets,” the 16 economists wrote.

Elections in the US: details about the first debate between Joe Biden and Donald Trump revealed

After the draw, it was established that Biden You will be able to choose the place you will place on the stage and the order of the statements finals. In this case, Trump will be the speaker who closes the debate.

The candidates, in addition, They will not have teleprompters nor will they be able to have ready files on their lectern.but they will be able to take notes and will have the opportunity to meet with their teams during the two commercial breaks.

Due to the ages of each of the candidates, “It’s an incredible test of your cognitive competence.”said Patrick Stewart, a political science professor at the University of Arkansas. And he added: “It’s our chance to see how much they have declined or if they have declined.”

Source: Ambito

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