16 Nobel Prize Winners Sign Letter Decrying Trump's Economic Policies, and the Reasoning Is Insane

AP Photo/Julia Nikhinson

Remember that letter signed by 51 "current and former intelligence officials" claiming the Hunter Biden laptop was Russian disinformation? Well, we've now got the economic version of that after 16 Nobel Prize-winning economists got together to sound the alarm on Donald Trump's economic policies. 


The game is simple. A bunch of left-wing "experts" in a given field all sign their name to a proclamation. The press then runs with it as if it is the absolute authority on the issue. Sure enough, that's happening again. Here's CNN reporting the news while not even bothering to mention how partisan the makeup is. 

SEE: Finally, a Former Intelligence Official Who Declined to Sign the Hunter Biden Laptop Letter

So what's in this thing? Here's the money quote. 

Sixteen of the world's most notable economists — all Nobel Prize winners — are warning that former President Donald Trump could stoke inflation if he wins the presidency in November and moves forward with his economic plans. 

"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," according to a letter signed by the economists, who include Joseph Stiglitz, a Columbia University professor who won the Nobel prize for economics in 2001; and Yale professor Robert Shiller, who won the Nobel prize for economics in 2013. 


There's a lot to unpack there, but pretty much everything stated by Joseph Stiglitz and his cohorts is ridiculous. On its face, claiming that Trump will "reignite" inflation "with his fiscally irresponsible budgets" is projection of the highest order. For one, the former president, if he becomes the next president, will never get a single budget he proposes passed. That's just not how things work anymore because of partisan divisions in the Congress. 

Secondly, the budget deficit for 2024 is now projected to be $1.9 trillion under Joe Biden. A large percentage of that is driven by his student debt "forgiveness" plan. The idea that the current president offers a more fiscally responsible path is absolutely insane regardless of the fact that Trump did sign off on too much spending in his first term. 

Lastly, to say that inflation has come down "remarkably fast" is incredibly tone-deaf. Does it feel like inflation came down fast to you? Because normal Americans are currently dealing with extremely elevated prices and interest rates while inflation remains stubbornly high compared to the typical baseline. To even pretend that Biden has handled the inflation crisis (of which he helped cause) well is downright insulting. 


Here's the biggest problem for these 16 "experts." No one cares about appeals to authority anymore because the authorities have lied and cheated so much in the past. If anything, the fact that this letter exists makes Trump an even more attractive candidate in the face of Biden.



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