Nobel Economists Warn of Trump Reelection Risks

Sixteen Nobel Prize-winning economists have issued a stern warning that the re-election of Donald Trump could trigger economic instability and a resurgence of inflation in the US. The economists argue that Trump's policies, including his proposed universal tariffs and expansionary fiscal measures, would reignite inflation, which had been brought under control by President Biden's administration. This warning, highlighted in a widely publicized letter, has been endorsed by several prominent figures in the crypto industry who see potential benefits for digital assets. However, the economists' credibility has been questioned due to their political donations to Biden’s campaigns and previous similar warnings in 2016. The Biden campaign has amplified this letter to emphasize the risks associated with a Trump presidency, aiming to sway voter opinion ahead of the upcoming election.