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16 Nobel Prize-winning economists claim Trump will wreck our economy. This is the reason I don't trust them

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27.06.2024

Fox News senior White House correspondent Jacqui Heinrich takes a look at the contrasting preparation styles ahead of the CNN Presidential Debate on 'Special Report.'

There they go again. Sixteen Nobel Prize-winning economists recently penned an open letter arguing that "[President] Biden’s economic agenda is vastly superior to [President] Trump [sic]." The principal argument, echoing recent Democratic talking points, is that a second Trump presidency could actually increase inflation. Never mind that inflation never materially exceeded 2% during the Trump administration, nor that President Biden has presided over the highest inflation in 40 years.

The field of economics purports to be a science, priding itself on intellectual rigor and evidence-based assessments. Yet just as campus protests lifted the veil on the radical, fact-free academic culture that infects many American universities, academic economists’ recent record of political advocacy is a potent reminder of why Americans have come to dismiss the dismal science.

The contrast between President Trump and President Biden’s economic records could not be more clear. President Trump’s record of tax reform and deregulation powered the American economy to the fastest real wage........

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