If the laureates understood the difference between academic theory and policy practice, they would not have issued their silly letter.
In late June, 16 Nobel economists led by former World Bank Chief Economist Joseph Stiglitz issued a letter warning that a second Trump term would have “a negative impact on America’s economic standing in the world and a destabilizing effect on the U.S. domestic economy.” Among the gripes: Trump’s “fiscally irresponsible” budget plans and the “vagaries of his actions and policies” in relations with other countries.
If the past is anything to go by, this is probably the most powerful endorsement of the Trump presidency yet. […]
Read the rest of this story here: thefederalist.com
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