NEW YORK, Oct. 23 (.) – Twenty-three intellectuals who have won the Nobel Prize in economics this Wednesday endorsed Democratic presidential candidate Kamala Harris and criticized the economic policies of her Republican rival Donald Trump. published a letter criticizing it. Specifically, the proposed tariff rates.
“We, the undersigned, believe that Kamala Harris is a far better steward of the economy than Donald Trump, and we support her candidacy,” the letter asking for votes said in June. Seven more economists than those who signed it suggested. He was re-elected before President Joe Biden left office.
These include recent winners such as Daron Acemoglu and Simon Johnson (2024). The oldest are Robert Merton (1997) and Joseph Stiglitz and George Akerlof (2001).
In the past two elections, in 2016 and 2020, many economists, including Nobel laureates, have already signed letters urging voters not to vote for Mr. Trump because of his economic policies and other reasons.
Reputable experts acknowledged that Harris and Trump’s economic plans are not “completely” known, but what they say and “what they have done in the past” is enough. It is claimed that.
They point to Harris’ focus on policies that “strengthen the middle class, improve competitiveness, and promote entrepreneurship,” and that these policies will improve the country’s “health, investment, sustainability, and resilience.” He said he believes it will improve “improvements in employment opportunities, equity, and equity.”
They distrust President Trump’s “counterproductive” policies, criticizing “high tariffs on the products of our friends and allies,” and saying, “Regressive tax cuts on businesses and individuals will raise prices, widen deficits, and fiscal “It will lead to an expansion of the deficit.” inequality”.
“Among the most important determinants of economic success are the rule of law and economic and political certainty, and President Trump threatens all of these,” they added.
