Wednesday, June 26, 2024

Feedback (from Trump campaign) on open letter by economists

 I get asked to sign many letters, and  while I'm generally reluctant to venture beyond my own specific areas of expertise into areas in which others are more expert, I recently signed one circulated by Joe Stiglitz, aimed to respond to some egregious campaign disinformation. 

Sixteen Nobel Prize-winning economists warn a second Trump term would ‘reignite' inflation By Rebecca Picciotto,CNBC   https://www.nbcnewyork.com/news/business/money-report/sixteen-nobel-prize-winning-economists-warn-a-second-trump-term-would-reignite-inflation/5538998/

The letter got this reaction from the campaign in question:

"The American people don't need worthless out of touch Nobel peace prize winners to tell them which president put more money in their pockets," Trump campaign spokesperson Karoline Leavitt said in a statement to CNBC." (emphasis added)

I'll listen for that line in tomorrow night's debate.

Update: here's a link that contains the whole letter   https://www.cbsnews.com/news/trump-economy-nobel-prize-winners-letter-inflation-warning/ 

It begins this way:

"We the undersigned are deeply concerned about the risks of a second Trump administration for the U.S. economy. 

"Among the most important determinants of economic success are the rule of law and economic and political certainty. For a country like the U.S., which is embedded in deep relationships with other countries, conforming to international norms and having normal and stable relationships with other countries is also an imperative. Donald Trump and the vagaries of his actions and policies threaten this stability and the U.S.'s standing in the world. "


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