Robert Shiller
Robert Shiller
Warning about 'Trump Inflation Bomb'
Joseph Stiglitz "spearheaded" a letter signed by "Nobel economists" as reported at Axios on June 25, 2024 in an article titled "Scoop: 16 Nobel economists see a Trump inflation bomb". The letter was not provided in the article, but there were some alleged quotes from the letter.[1]
- "We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy," the economists wrote, per Axios. "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."
From Raw Story, who also did not post the letter:[2]
- "In a letter, the economists argue that a combination of more tax cuts for corporations, a labor shortage caused by the mass deportation of undocumented immigrants, and looser monetary policy in the form of lower interest rates would cause prices to skyrocket yet again just as inflation has started to stabilize in the three percent range."
Robert Shiller signed the letter.
Signatories
Supportive of Biden's Build Back Better Spending Bill
Robert Shiller signed a statement organized by the Economic Policy Institute posted on September 20, 2021 titled "Seventeen winners of the Nobel Prize in economics sign letter in support of the President’s Build Back Better package", which argues that more money must be "invested" now in those things not traditionally thought of as infrastructure such as "human capital, the care economy, research and development, public education, and more..." The statement downplays the concern of inflation.[3]
References
- ↑ Scoop: 16 Nobel economists see a Trump inflation bomb (accessed June 25, 2024)
- ↑ 'Trump inflation bomb' coming should he win second term: Nobel Prize-winning economists (accessed June 25, 2024)
- ↑ https://www.epi.org/open-letter-from-nobel-laureates-in-support-of-economic-recovery-agenda/ Open letter from Nobel Laureates in support of economic recovery agenda (accessed November 1, 2021)