16 Nobel Prize-winning Economists
see a Trump inflation bomb!
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.
Why it matters:
The 16 Nobel laureates are lending their academic expertise to a political argument the Biden administration has been making for weeks:
Inflation would be worse under Trump!! 
Trump policy is a recipe for more inflation. First, universal tariffs trigger a global trade war. 10% tariff is roughly a $1500 annual tax increase for typical household. Secondly, lower interest rate by gutting federal reserve independence. Third, tax cuts juice consumer demand to potentially raise prices. Fourth, limits on immigration by mass deportation worsen labor shortage. Fifth, devaluation of dollar increases prices of imported goods.
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,” and his “fiscally irresponsible budgets” would reignite inflation that has “come down remarkably fast” in recent weeks, they warned.
Voters aren't correctly comparing US economies of Biden and Trump. Trump inherited a strong economy which greatly declined. However Biden inherited a weak economy which greatly recovered. Since US economy worsen under Trump and improved under Biden, polls of presidential experts rank Biden better in economic management.
just like the 51 intelligence experts? At this rate, between Hunter Biden's laptop, the Russia hoax, the hilarious ranking of presidents that gets posted on here. We've seen Democrats or RINO's will say whatever is needed to be put out to sway elections or public thought. They won't be called on it by majority of the media, so there are no consequences to lying. So carry on with this falsity posting. 
Inflation, a key political talking point ahead of the 2024 election, has dropped down and leveled off following its peak in 2022. 
why was its peak in 2022? Let me guess orange man mishandled Covid right?
weren’t the lefties calling him a racist and tyrant for blocking flights to China? Remember that? Pepperidge Farm remembers.
In 2022, Russian invasion of Ukraine worsen inflation worldwide. Adding to supply chain disruptions and excess demand caused by pandemic. It takes a long time for prices to increase or decrease in economy.
Democrats support travel restrictions in pandemic. Trump allegation that Biden called his travel ban xenophobic is false. Instead Biden denounced Trump use of racist term to describe the virus.
In 2022, Russian invasion of Ukraine worsen inflation worldwide. Adding to supply chain disruptions and excess demand caused by pandemic. It takes a long time for prices to increase or decrease in economy.
Democrats support travel restrictions in pandemic. Trump allegation that Biden called his travel ban xenophobic is false. Instead Biden denounced Trump use of racist term to describe the virus.
all while Nancy Pelosi went to SFO Chinatown with her propaganda MS media dancing and encouraging all Americans to do the same 
@Jarrett75
did you know that one of those "experts" in the Hunter laptop fiasco was the husband of the CNN moderator on Thursday Dana Bash...
It has come to light that Jeremy Bash, the former husband of CNN debate moderator Dana Bash, is one of the 51 intelligence officials who signed a letter in 2020 falsely claiming that Hunter Biden’s laptop was Russian disinformation.
I guess the wedding vows were also false statements by Jeremy Bash right? who know she is a twice divorced Hag, and she works with Fake Jake... maybe my job isn't so bad after all you could have to do this shit for a living
@thirdperson
Instead, Biden denounced Trump use of racist term to describe the viru
The virus started in China, there is no debating the origin whether it the lab, wet market or some cave out in east bumfack Wuhan province.
how is it racist to state that it's a China virus? Do you call history teachers racist when they teach of the Spanish flu?? surely the Spainards would be upset at being blamed for such disease that killed close to 50 million worldwide and roughly 675,000 in the USA.
oh, wait I get it, the 'NEWS' reported it as Spanish flu.....So if the media says it, it isn't racist right? I bet there are clips of Joe Joe talking about the Spanish flu along his 50-year career but not the China virus
How come the BLACK DEATH plague of the year 1347 not being called out for reparations yet? How dare they use the word black to describe 50 million dying, time to pay up
the Italian plague of 1630, damn how much of history is racist?
So far we covered Italians, Spanish, Chinese, and the whole continent of Europe in the last 700 years of racist virus name calling
btw this is remarkable similar to "51 intelligence officers..."
sure did, but I am sure she will be fair
To disguise their greed even further: shrinkflation!
True. Still high though. And not understood at all by most on the right is that it is still high ALL OVER THE PLANET, not just USA! That's mostly because of one singular global commodity: oil and issues surrounding it.
The fact that inflation has come down significantly and continues to do so (slowly) can no more be credited to President Biden as the stupid partisan claim that he is responsible for worldwide inflation to begin with!
If the president were capable, Putin would have never invaded in the first place. He (Putin) went into Crimea under Obama and knew he could do the same with Biden. So ultimately Biden is responsible for it all.
The fact that inflation has come down significantly and continues to do so (slowly) can no more be credited to President Biden as the stupid partisan claim that he is responsible for worldwide inflation to begin with!
Don't worry guys, inflation has come down remarkably fast in recent weeks. We're all saved! Hoorayyyy
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