• @RememberTheApollo_
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    10
    edit-2
    3 hours ago

    Then those interviewed and writing this article are idiots. 2024 article.

    Yet most mainstream economists say Trump’s policy proposals wouldn’t vanquish inflation. They’d make it worse. They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a voice in the Federal Reserve’s interest rate policies would likely send prices surging.

    Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target.

    The Nobel economists noted that they aren’t alone in sounding the alarm.

    link.