54 sats \ 1 reply \ @Bell_curve 26 Jun freebie \ on: Economists Warn Trump Will Reignite Inflation econ
Signed a joint letter
Well, since they signed a letter, which is like lying in a civil deposition, 16 Nobel prize winning economists must be telling the truth about inflation and Trump!
“There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,” wrote the group of politically progressive academics.
I like how tax and spending cuts are fiscally irresponsible
I fail to see the connection between tax cuts and inflation.
Joseph Stiglitz, who won the Nobel Prize in 2001, led the effort to publish Tuesday’s letter. His co-signers include George Akerlof, Sir Angus Deaton, Claudia Goldin, Sir Oliver Hart, Eric Maskin, Daniel McFadden, Paul Milgrom, Roger Myerson, Edmund Phelps, Paul Romer, Alvin Roth, William Sharpe, Robert Shiller, Christopher Sims and Robert Wilson.
“Nonpartisan researchers, including at Evercore, Allianz, Oxford Economics, and the Peterson Institute, predict that if Donald Trump successfully enacts his agenda, it will increase inflation,” the economists wrote.
Some of these Nobel prize winners have also been knighted
“The American people don’t need worthless out of touch Nobel peace prize winners to tell them which president put more money in their pockets,” Trump campaign spokesperson Karoline Leavitt said in a statement
Stiglitz observed that some people “invoked fears of inflation as a reason to not undertake” the Build Back Better investments. “This view is short-sighted,“ he said in a press release.
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