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23 Nobel Prize-winning economists slam Trump agenda, endorse Harris

Flaming Capitalist

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KEY POINTS
  • Twenty-three Nobel Prize-winning economists endorsed Vice President Kamala Harris over Donald Trump in a joint letter.
  • The economists said Trump’s economic agenda, which includes hardline tariff proposals and a slate of aggressive tax cuts, would “lead to higher prices, larger deficits, and greater inequality.”
  • Joseph Stiglitz, who spearheaded the endorsement letter, led a similar effort in June to back President Joe Biden’s agenda.

Twenty-three Nobel Prize-winning economists endorsed Vice President Kamala Harris over former President Donald Trumpin a joint letter released Wednesday.

The nearly two dozen economists said Trump’s economic agenda, which includes hardline tariff proposals and a slate of aggressive tax cuts, would “lead to higher prices, larger deficits, and greater inequality.”

“Simply put, Harris’s policies will result in a stronger economic performance, with economic growth that is more robust, more sustainable, and more equitable,” the letter read. CNN was first to report on the new letter.

Joseph Stiglitz, who won the Nobel Prize for his market economics research in 2001, spearheaded the joint endorsement among his fellow laureates.

Stiglitz led a similar effort to endorse President Joe Biden in June, publishing a letter signed by 16 Nobel laureates. That came just two days before the fateful presidential debate that ultimately derailed the president’s reelection
 
verrip1 said:
Wow!! Twenty-three economists? That must be at least 99.96% of all economists.
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Can you name one economist with any level of credibility that endorses Trump?
 
verrip1 said:
Wow!! Twenty-three economists? That must be at least 99.96% of all economists.
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Nobel winning economists. How many living Nobel winning economists do you suppose there are?

Only 93 people have been awarded the prize.
 
Economists are losing credibility left and right. They're nothing more than political hacks.
 
dmpi said:
Economists are losing credibility left and right. They're nothing more than political hacks.
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That is pure bullshit. Take it from me that's read over 30 books on the subject including reading a good portion of 'Wealth of Nations".
 
verrip1 said:
Wow!! Twenty-three economists? That must be at least 99.96% of all economists.
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dmpi said:
Economists are losing credibility left and right. They're nothing more than political hacks.
Click to expand...
verrip1 said:
Yeah, Krugman was one. That says it all. LOLOLOLOL!!!!!
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“Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge.'”​

― Isaac Asimov

Trump has made it just fine to be ignorant, foul-mouthed, deceitful, threatening, money grubbing, misogynistic, and proud of it.

This is a great comfort to far too many Americans.
 
I don't see how those 23 Nobel Prize-winning economists think that Harris's plan to cap prices is a good idea. Maybe some of you were not around when Nixon tried this back in 1971, that created a real sh** storm, cattle ranchers refused to sell their beef, dairies were dumping their milk and chicken farmers were getting rid of chickens, all of this created shortages. Now Harris is suggesting the same thing, nothing hurts a free market economy more than when the government tried to regulate it. A free market will adjust it self over time, it's called supply and demand. Putting price controls on goods only works if you cap everything within the supply chain of all goods, which would be impossible to enforce. Once your price controls expire then you will see a huge jump in the price of all goods, this is what happened to Nixon's price caps.

So, maybe the Prize winning economist were not around in 71.
 
Loulit01 said:
What the hell would Trump voters know about "noble?"
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He invented the ingredient they used for the January 6 pipe bombs.

So at least one of his supporters knows that.
 
These types of things never move the needle.

Multiple members of Trump's previous administration, including cabinet level officials and his own VP, have all said he is a horrible person, dangerous, and should never be president again. Yet here we are, two weeks out from the election, and he is probably the favorite. I don't know what is going on. I don't understand it, but I am pretty sure that at this point, there is nothing Trump could do that would result in him losing a single one of his voters.
 
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