23 Nobel Prize-winning economists praise Harris' agenda

Twenty-three Nobel Prize-winning economists , including two who received the prize this year, all said that Ms. Harris' economic agenda is superior to Mr. Trump's.

The high rating from 23 economists is a bright spot for Ms. Harris's campaign in the final days, in contrast to what experts say are "risks" from Mr. Trump's policies - Photo: GETTY IMAGES

“While we all have different views on economic policy, we believe that Harris’s economic agenda will improve the country’s prosperity, investment, sustainability, resilience, employment, and equity, far more than Trump’s,” the economists wrote. In the letter, the economists pointed out that Trump’s tax and tariff policies are likely to cause inflation and increase the federal budget deficit. “The most important factors determining economic success are the rule of law and political and economic stability. Trump threatens all of these,” the economists said. According to CNN, the letter serves as a stamp of approval for Harris less than two weeks before Election Day, especially in the economic area - one of the most important criteria for American voters.

Initiated by Nobel Prize-winning economist Joseph Stiglitz of Columbia University in 2001, the letter also includes the agreement of two of this year's three economists, Simon Johnson and Daron Acemoglu of the Massachusetts Institute of Technology. However, despite predictions and warnings from experts, Mr. Trump has remained steadfast in his commitment to using the threat of tariffs as the main foundation of the Republican Party's economic agenda. The 78-year-old former president asserted that his trade policies, including imposing expensive tariffs on goods not only from China but also from allies such as the European Union, will revive American manufacturing, as well as generate enough revenue to ease concerns about the growing deficit. "To me, the most beautiful word in the world is 'tariffs,'" Mr. Trump said in an interview with Bloomberg News editor-in-chief John Micklethwait on October 15.

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Source: https://tuoitre.vn/23-economic-recipients-of-nobel-programs-of-ba-harris-20241024145438962.htm