Economy 16 Nobel Prize-winning Economists Who Endorsed Build Back Better Attacking Trump Polices

[GoldenWolf87]

There are 16 Nobel Prize-winning economists say Trump policies will fuel inflation.
I couldn't help it notice but i did my research.

The so called 16 Nobel Prize-winning economists in Reuters article where they begin to defend Biden polices and the Build Back Better in which they say that Trump policies will fuel inflation.
Are the same 15 out of the 16 Nobel Prize-winning economists which they had previously Endorsed Build Back Better writing in a endorsing letter to Joe Biden admin in their support for the "Build Back Better agenda"


This is nothing more then desperation at this point.
Joe Biden did say at the debate there was no inflation until he came in and lockdown happens of course.


Yet for the for past four years the Biden admin and his domestic polices have done nothing to slow inflation numbers making it worse.
The renting costs and food prices speak for itself and somehow these 16 Nobel Prize-winning economists the soaring renting costs.

The timing of this is ironic.
The Nobel Laureates Strike Out
16 Nobel Prize-winning economists say Trump policies will fuel inflation

The economists say Trump's economic plans would reignite inflation, in part because of his pledge to impose stiffer tariffs on Chinese imports, which they say will hike prices on many goods bought by U.S. consumers.
"While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump," the economists state in their 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," the letter states.

The 16 Noble Economists are still worshiping the green agenda..
This Green Agenda which hasnt being going very well in Germany..

Donald Trump’s. In his first four years as President, Joe Biden signed into law major investments in the U.S. economy, including in infrastructure, domestic manufacturing, and climate. Together, these investments are likely to increase productivity and economic growth while lowering long-term inflationary pressures and facilitating the clean energy transition.

 

[Fox by the Sea]

If they were right, one economist would have been enough.

 

[Islam Imamate]

If they were right, one economist would have been enough.

If it was just one economist you'd be saying "If he's really right he'd have more economists agreeing with him"

 

[nostradumbass]

The hubris is incredible that these people and "muh 51 intelligence agents" can imagine that they're convincing people to ignore reality rather than further trashing their already piss poor reputations.

 

[Fox by the Sea]

If it was just one economist you'd be saying "If he's really right he'd have more economists agreeing with him"

nah.

 

[Islam Imamate]

nah.

If not you someone would.

 

[TadDunbar]

Free them Jan 6 political prisoners

 

[Jack V Savage]

The hubris is incredible that these people and "muh 51 intelligence agents" can imagine that they're convincing people to ignore reality rather than further trashing their already piss poor reputations.

Aside from personal attacks (and LOL at the idea that Nobel Prize winners have "piss poor reputations" just because they're not Republican drones), what's the argument here? Like, obviously tariffs raise prices. That's what they're for. Similarly, deficit-financed tax cuts for rich people add to demand (that's what advocates for them believe!), and we're already at peak demand so inflation is the logical outcome. And mass deportations, if they're even possible, would logically reduce our supply capacity, which would put upward pressure on prices.

I'd really like to see a Republican explain how Trump's stated policies *wouldn't* significantly increase inflation. It doesn't even seem possible to make an argument against it (I mean, other than "they bad people for not blindly supporting every GOP talking point" or some variation of that).

 

[filthybliss]

The hubris is incredible that these people and "muh 51 intelligence agents" can imagine that they're convincing people to ignore reality rather than further trashing their already piss poor reputations.

they have achieved more than anyone on this forum has in life and are more intelligent than everyone on here combined. you can cry their biased but to act like their dotards is just pure cope.

 

[FIMN]

The hubris is incredible that these people and "muh 51 intelligence agents" can imagine that they're convincing people to ignore reality rather than further trashing their already piss poor reputations.

These economists have piss poor reputations? Based on... what? You having never heard of them but deciding you don't like them now because they aren't supporting Trump's policies?

 

[Sweater of AV]

If they were right, one economist would have been enough.

The village idiot strikes again.

 

[A Very Serious Cat]

If they were right, one economist would have been enough.

You'd be right if economics was a science but it's certainly not

 

[Fox by the Sea]

You'd be right if economics was a science but it's certainly not

Or if scientists actually won the Nobel prize, which they don't, they win a prize administered by the Nobel foundation, funded by the central bank of Sweden.

 

[nostradumbass]

These economists have piss poor reputations? Based on... what? You having never heard of them but deciding you don't like them now because they aren't supporting Trump's policies?

No, the institutions do, and TS included a link to the same people's other "letter" endorsing the inflation causing policies in the first place. It's pretty common for groups of "experts" to sign a letter endorsing a political agenda to further their career. There is the previous letter from these same people that was wrong, the "51 heads of intelligence agencies" signing a letter bullshitting everyone, the "experts" ranting about "super spreaders events" and supporting strict lockdowns and school closures, then signed another letter a few weeks later endorsing the George Kirby riots because "racism is a bigger threat to public health than covid".

Sorry, but they already squandered the confidence people had in the institutions with their willingness to sign "letters" willy nilly that they don't even believe just because of their political leanings.


In sum, the Nobel laureates praising Biden’s policies today (and criticizing Trump) are the same ones who recommended policies that ignited inflation, drove up interest rates, wrecked the housing market, ballooned the deficit and expenditures on interest, stifled economic growth, and underestimated the true costs of these policies.

 

[aerius]

You'd be right if economics was a science but it's certainly not

Or if scientists actually won the Nobel prize, which they don't, they win a prize administered by the Nobel foundation, funded by the central bank of Sweden.

Economics exists to make astrology look respectable. Or as the joke goes:

A mathematician, a statistician and an economist apply for the same job.
The interviewer calls in the mathematician and asks, "What does two plus two equal?"
The mathematician replies, "Four."
Then the interviewer calls in the statistician and asks the same question, "What does two plus two equal?"
The statistician says, "On average, four - give or take ten percent, but on average four."
Then the interviewer calls in the economist and poses the same question, "What does two plus two equal?"
The economist gets up, locks the door, closes the shades, sits down next to the interviewer and says, "What do you want it to equal?"

 

[FIMN]

No, the institutions do, and TS included a link to the same people's other "letter" endorsing the inflation causing policies in the first place. It's pretty common for groups of "experts" to sign a letter endorsing a political agenda to further their career. There is the previous letter from these same people that was wrong, the "51 heads of intelligence agencies" signing a letter bullshitting everyone, the "experts" ranting about "super spreaders events" and supporting strict lockdowns and school closures, then signed another letter a few weeks later endorsing the George Kirby riots because "racism is a bigger threat to public health than covid".

Sorry, but they already squandered the confidence people had in the institutions with their willingness to sign "letters" willy nilly that they don't even believe just because of their political leanings.


In sum, the Nobel laureates praising Biden’s policies today (and criticizing Trump) are the same ones who recommended policies that ignited inflation, drove up interest rates, wrecked the housing market, ballooned the deficit and expenditures on interest, stifled economic growth, and underestimated the true costs of these policies.

Seems you start with the position you don't like what they are saying and then work backwards from there, rather than anything specific claim.

Props for googling a criticism from a random think tank employee.