Summary

Nobel laureate economist Joseph Stiglitz warned that Trump’s policies risk causing stagflation—high inflation, rising unemployment, and slow growth—by cutting public spending and imposing tariffs.

In an interview with The Guardian, he said these measures make the U.S. a risky place to invest, as tariffs on imports from Canada, Mexico, and China are expected to raise prices and hurt the global economy.

Economists like Paul Krugman share his concerns. Many Trump voters will be “brutally scammed,” he warned.

  • @[email protected]
    link
    fedilink
    -14 days ago

    Back in the day, I heard the late Rush Limbaugh call for Obama to fail. At that time I thought Rush had to really hate America, because there was no way for a President to fail without taking the rest of the people with him.

    So, I don’t hope Trump fails, because I don’t want Americans, even his voters to suffer.

    On the other hand, it’s not looking good for him…

    • @[email protected]
      link
      fedilink
      English
      244 days ago

      I want him to fail, because I don’t have any reason to believe his goals are aligned with America and there are many ways he is already directly harming us.

      • Blackout
        link
        fedilink
        164 days ago

        Him failing hard may be the only chance to get bipartisan movement against him