Oddbean

A Nobel Prize-winning economist breaks down exactly how Trump's proposed policies could make inflation worse ========== Nobel Prize-winning economist Joseph Stiglitz and other economists are concerned about the potential inflationary impact of Trump's proposed policies. They believe that a second Trump administration would have a negative impact on the US economy and could lead to higher inflation, worse inequality, and a potential economic slowdown. Stiglitz points to factors such as large increases in tariffs, large decreases in taxes, drastic reductions in immigration, and the repeal of the Inflation Reduction Act as potential contributors to inflation. He also highlights Trump's tax policy as one that could exacerbate inequality. The economists recently signed a letter expressing their concerns about a second Trump term. The Trump campaign has disagreed with the economists' views, stating that Americans know they cannot afford four more years of Bidenomics. #Economy #Trump #Inflation #Inequality #Tariffs #Taxes #Immigration https://www.businessinsider.com/trump-presidency-policies-inflation-economy-americans-joseph-stiglitz-letter-2024-6