Posted on 06/26/2024 2:28:58 AM PDT by Kaiser8408a
Hey big spenders (Biden, Congress and the 16 Nobel prize winning economists).
June 25 (Reuters) – Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the U.S. and world economy will suffer if Republican presidential candidate Donald Trump wins the U.S. presidential election in November.
The jointly signed letter, first reported by Axios, says the economic agenda of U.S. President Joe Biden, a Democrat, is “vastly superior” to Trump’s, the former Republican president seeking a second term.
Read the source article from Reuters for the rest of the Marxist clown show. What Joe Stiglitz and other Leftist economists are cheerleading in the excessive post Covid spending spree that Biden and Congress went on. There is a different between a free market system and government directed spending, usually on large donors.
One source of crippling inflation under Biden is (wasteful) government spending, up 37.7% under Biden. Federal debt is up a nauseating 50% under Biden. These levels of spending and debt are NOT sustainable!
Another souce of inflation under Biden has been The Federal Reserve. With Covid. The Fed entered like gangbusters dropping their target rate to 25 basis points and massively increasing their balance sheet. Call this BIDEN 1. Then to squelch inflation, The Fed raised their target rate and slowly started to unwind the balance sheet. We saw a slowing of inflation. Nothing to do with Biden, although I am sure he will take credit for it at Thursday’s debate with Trump.
Inflation was growing rapidly in Biden 1, but inflation started to slow (Biden 2) as The Fed rapidly raised their target rate.
(Excerpt) Read more at confoundedinterest.net ...
“IMHO, a Nobel Prize in economics is a beer coaster.”
True.
But, the Nobel Peace Prize is toilet paper.
It’s got all the indications of Democrat disinformation,
Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit. Dems always pass the Buck
LINK: Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!
Remember, you only get to be a recipient of a Nobel Prize if you subscribe to all things left and liberal.
And, on a side note, the Bamster became a Nobel Peace laureate because he was breathing . . .
Poor article and poor original source. They comment on the letter and the fact that 16 Nobel winning economists signed it, but only list two of those economists (Joseph Stiglitz and Angus Deaton) and don’t link the actual letter. The main complaint in the Reuters article is the threat of tariffs against China by Trump. I want news, not what amounts to an editorial on an editorial.
They didn’t last time! In fact it was at record lows.
They know we can remember that, don’t they?
Another op-ed piece from Reuters posing as a “News” article.
“And 51 “Top Intelligence Professionals” said the lap top was a Russian fake.”
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I hope Trump’s people follow FR, because that is AN AWESOME COMEBACK, if this 16 Nobel economist thing is thrown at him!
What this really tells you is the political nature of the Nobel Prize.
Trump will unleash fossil fuels in the USA that will lower costs asap
Inflation with cease to exist
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