- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
Sixteen Nobel prize-winning economists are jumping into the presidential campaign with a stark warning: Former President Trump’s plans would reignite inflation and cause lasting harm to the global economy if he wins in November.
“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 write in the letter.
“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,” they write.
Trump and the fed jumped at every last opportunity to juice the economy from 2016-2020 and they’ll do it again if he gets elected again. He was really damn lucky he inherited a decent economy to do that with, and was followed up by a responsible administration to keep things in check. I could go on and on about this but in the end I’m really just hoping we come to our senses and elect leaders who are interested in keeping the ship steady instead of this chaotic feast/famine cycle we’ve been living through these past few decades.