Economists say Inflation Would be Worse Under Trump

Friday, July 12, 2024

The latest WSJ findings? "Donald Trump loves to remind voters that President Biden has overseen the highest inflation in 40 years", but "Economists Say Inflation Would Be Worse Under Trump Than Biden." This is on top of the previous findings of 16 Nobel Laureate economists that Trump's policies would be destructive to the American economy.

Posted by YAV at 03:31 PM | 20 COMMENTS | permalink | Comment on This Entry |

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This latest news extends, details, and confirms the reporting on June 26 www.wsj.com where 16 Nobel Prize winning economists warned of the destruction and damage Trump's policies would wreak on America's economy. "A group of prominent economists have a message for America: If you thought inflation under President Biden has been bad, President Donald Trump 2.0 would be much worse."

#1 | Posted by YAV at 2024-07-12 10:00 AM | Reply

People don't understand inflation.

#2 | Posted by eberly at 2024-07-12 11:30 AM | Reply

But they think they do.

People also don't understand chemistry but they KNOW that.

#3 | Posted by eberly at 2024-07-12 11:31 AM | Reply

If it was 16 Tractor Race Drivers... well then Trumpers would all listen!

Trump has already promised to double down on adding trillions to the Deficit for tax cuts for himself and his buddies.... cuts that Trumpers and everyone else but them will pay for.

#4 | Posted by Corky at 2024-07-12 12:30 PM | Reply

Inflation, future value of money, present value of money, real wage growth, cost of goods, devaluation of the dollar aren't terribly difficult to understand, but it just wasn't taught in school. Seems like it should be basic economic literacy and should be taught. Economics should be taught, at least a practical and applicable version of it, to all high school students. Maintaining a budget, checking account, and CREDIT CARD management should be required!

#5 | Posted by YAV at 2024-07-12 12:31 PM | Reply

Trump's financial "plan" is a total disaster for America. It doesn't take a degree from Wharton to understand the repercussions of what that idiot is proposing.

#6 | Posted by YAV at 2024-07-12 12:33 PM | Reply

Unfortunately all trumpers have is a degree from Trump University.

#7 | Posted by ClownShack at 2024-07-12 12:35 PM | Reply

Pretty sure everything is going to be worse under Trumpy.

Except the tax bills for the wealthy. Those should be much better.

#8 | Posted by donnerboy at 2024-07-12 04:27 PM | Reply

People don't understand inflation.

#2 | Posted by eberly

You dont understand tariffs.

#9 | Posted by SpeakSoftly at 2024-07-12 05:51 PM | Reply

It's going to happen. Let the stupid American people vote their ruin.
"So the trees voted for the axe. After all, as the axe told them, it's handle was made of wood; therefore, he was one of them."

#10 | Posted by e1g1 at 2024-07-12 08:13 PM | Reply

And 51 national security experts said Hunter Bidens laptop was just Russian disinformation.

#11 | Posted by homerj at 2024-07-13 09:33 AM | Reply

-You dont understand tariffs.

LOL

Relative to experts, yes.

What is your point?

Inflation is a consequence of economic growth. It's not bad in the right amounts.

If economists are saying inflation will be high in the next 4 years then I'm pretty jacked about that. It means consumer spending will be high and my net worth will climb. I just have to manage that and control where inflation will hurt me.

#12 | Posted by eberly at 2024-07-13 09:37 AM | Reply | Funny: 1

BTW, I doubt they are right. I think inflation won't be higher.

It will cool off.

But for reasons that suck ... ... higher unemployment, slower spending, lower housing demand, large layoffs, etc ... ... those circumstances will be why we have lower or no inflation.

#13 | Posted by eberly at 2024-07-13 09:40 AM | Reply

#12 | Posted by eberly

You just illustrated you don't understand inflation. Especially the inflation we seen under COVID.

#14 | Posted by GalaxiePete at 2024-07-13 12:08 PM | Reply

Go ahead, Pete. We're all waiting for you to point out my mistake

I didn't single anyone out but since you did we can expect you to specifically point out where I'm wrong

#15 | Posted by eberly at 2024-07-13 03:58 PM | Reply

People don't understand inflation.
#2 | POSTED BY EBERLY

I can't tell you how many people who have made it clear to me that they think falling inflation should mean falling prices.

#16 | Posted by jpw at 2024-07-13 04:53 PM | Reply

And 51 national security experts said Hunter Bidens laptop was just Russian disinformation.

#11 | POSTED BY HOMERJ

You shouldn't take the word of a media outlet that admitted in a lawsuit they knowingly lie to your face for profit.

Find what little intellectual curiosity you might have a read the actual letter before saying this stupidity again.

#17 | Posted by jpw at 2024-07-13 04:55 PM | Reply

Eberly,

I think the issue with your statement is that inflation doesn't necessarily mean growth.

I find that when economists warn about inflation, it's because they foresee rates above their target of 2-3%, which is t usually from growth.

#18 | Posted by jpw at 2024-07-13 04:57 PM | Reply

He was president, and it wasn't lol

#19 | Posted by THEBULL at 2024-07-14 02:02 AM | Reply

" He was president, and it wasn't"

He pumped $8.3 Trillion of newly borrowed money into the economy, between tax cuts and stimulus payments.

Remind us: What happens when too many dollars chase too few goods?

#20 | Posted by Danforth at 2024-07-14 02:21 AM | Reply | Newsworthy 1