The Economy Will Be Much Better For You Under Kamala Harris Than Donald Trump — Nobel Prize Winners Say – CleanTechnica

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The economy is often a misunderstood animal. It’s highly complex. That’s why you can spend 4 years studying it and still come out clueless. In fact, that might be more common than it’s not. However, when you get to Nobel Prize–winning economists, you can bet they understand things quite well. And what they say is a Kamala Harris economy would be vastly superior to a Donald Trump one.

23 Nobel Prize–winning economists recently wrote a letter highlighting that a Kamala Harris economy, based on proposed and expected policies, would be “vastly superior” to a Donald Trump one. “While each of us has different views on the particulars of various economic policies, we believe that, overall, Harris’ economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the counterproductive economic agenda of Donald Trump,” their letter stated.

More Than Half of Living US Nobel Economics Winners Call Harris’ Agenda ‘Vastly Superior’ to Trump’s https://t.co/QEMpP5hxwQ

— Sarah Reese Jones (@PoliticusSarah) October 23, 2024

Before getting to some issues with Trump, there are a handful of things to highlight with regard to the Biden–Harris administration:

• The US saw historic job growth during this presidency.
• The inflation crisis following the COVID-19 pandemic has been managed better than in most developed nations, with inflation coming down faster.
• We got to work rebuilding the country’s ancient, or at least aging, infrastructure — which is a boost for the economy in multiple ways.
• They stimulated billions upon billions of dollars of investments in manufacturing in the United States, especially for cleantech products (electric vehicles, batteries, solar panels, etc.).

Regarding Trump, Joseph Stiglitz, a Columbia University professor and the 2003 Nobel Prize Winner for the Economy, argues that electing Trump again would cause a “destabilizing effect” on the economy.

I do not know any economist who thinks Trump would be a good President, or who thinks he would be good for the economy. And of course, tariffs are not paid by other countries! Fellow laureates agree: https://t.co/orjNQzzIsm

— Richard H Thaler (@R_Thaler) October 23, 2024

While Trump says “inflation will vanish completely” if he’s elected (science, bro), the economists warn that his policies would actually raise inflation.

Furthermore, Trump’s policies “will almost certainly increase the risk of a recession,” the Tax Foundation, which is a right-leaning organization, states.

Looking at legislation, Biden and Harris got the Inflation Reduction Act and the Bipartisan Infrastructure Law passed, which are dramatically boosting manufacturing, job creation, and the economy in the United States.

More than half of the living US recipients of the Nobel prize for economics signed onto a letter that calling Harris’ economic agenda “vastly superior” to Trump’s.

23 Laureates, including two of the three most recent recipients. pic.twitter.com/oAlbdkFpMt

— Phil Mattingly (@Phil_Mattingly) October 23, 2024

While each of us has different views on the particulars, we believe that Harris’s economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the counterproductive economic agenda of…

— Joseph E. Stiglitz (@JosephEStiglitz) October 23, 2024

“The Biden-Harris administration has also overseen historic job growth and has radically transformed our country for the better in terms of addressing crumbling infrastructure that posed a safety risk as well as a supply chain risk, and created good paying jobs,” Politics USA writes. “It’s not a surprise that the man notorious for repeatedly filing for bankruptcy is bad on the economy.”

Indeed. The man was never good at business. He was gifted hundreds of millions of dollars from his dad, kept having to get bailed out by his dad, bankrupted several businesses (even a freakin’ casino), and was infamous as one of the worst businessmen in history. But, as it turns out, he was a good con man, a good marketer, and obsessively marketed himself as successful. Anyone with an ounce of insight and wisdom could see he was a charlatan — which is why more than 90% of New Yorkers voted against him — but, alas, the old stereotype of s slick-talking New Yorker swindling rural folk has come true. It would be insane to give this guy the keys to the castle again. Yet, it appears our country is increasingly losing touch with reality. Can we regain control and get back on track? I don’t know….