13 Nobel Economists Promised Biden Would
Cut Inflation, Now They’re Saying Trump
Will Ignite It
Issues & Insights,
by
Committee To Unleash Prosperity
Original Article
Posted By: RockyTCB,
6/27/2024 8:56:53 AM
We have our hand on the Bible swearing we are not making this story up.
A gang of 16 Nobel prize-winning economists signed a letter yesterday endorsing Joe Biden for president because: “There is rightly a worry that Donald Trump will reignite inflation with his fiscally irresponsible budgets.”
But then our colleague, Scott Bessent, noticed something strange and ironic about the signatories: 13 of these economists signed a highly-publicized open letter three years ago assuring Americans that Biden’s “Build Back Better” spending spree would “ease longer-term inflationary pressures.”
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Reply 1 - Posted by:
franq 6/27/2024 9:03:07 AM (No. 1744364)
Can any of them explain why inflation is killing us?
13 people like this.
Reply 2 - Posted by:
Mcscow sailor 6/27/2024 9:04:54 AM (No. 1744368)
Economic science is a misnomer. Science is absent from this collection of political whores.
17 people like this.
Signing both letters is nothing more than politics and being invited to the right cocktail parties.
13 people like this.
Reply 4 - Posted by:
Socio 6/27/2024 9:14:05 AM (No. 1744381)
This is why the once coveted Nobel Prize is now a meritless token award.
24 people like this.
Reply 5 - Posted by:
Poorboy 6/27/2024 9:14:13 AM (No. 1744382)
Thomas Carlyle called economics "the dismal science." "Abysmal" might be the better word given its farcical effectiveness in improving the human condition.
I'm surprised it ever rose to the level of there being a Nobel Prize given to its practitioners...by what criteria are they judged, I have to wonder...
6 people like this.
Reply 6 - Posted by:
Jethro bo 6/27/2024 9:21:22 AM (No. 1744390)
Hey, more experts just like Fauci telling us knuckle draggers what is best for us. A Nobel price winner is about as reliable as our intelligent experts at seeing Russian disinformation.
9 people like this.
I wonder how many of these supposed expert economists ever made any money by the implementation of their ideas.
Not selling books or by appearing as a hired “expert” on the news. But actually put their theories into practice and made money.
Give you a hint: none.
9 people like this.
Reply 8 - Posted by:
Nashman 6/27/2024 9:45:42 AM (No. 1744411)
Here’s the question. Who put all these clown together to do this? They certainly didn’t do this themselves. Was it the same people who put the 51 “experts” together to lie about Hunter’s laptop? Yeah. It was. I’m happy the American people for the most part are catching on to this grift.
8 people like this.
Reply 9 - Posted by:
seamusm 6/27/2024 9:52:35 AM (No. 1744414)
If Obama can be awarded the NoBull Peace Prize, why should we be surprised that other such awards are also worthless.
10 people like this.
Reply 10 - Posted by:
stablemoney 6/27/2024 9:59:36 AM (No. 1744420)
Nobody in the actual economic profession recognizes any of these individuals.
5 people like this.
Reply 11 - Posted by:
franq 6/27/2024 10:01:10 AM (No. 1744422)
Correct, #9. And with no accomplishments of merit.
4 people like this.
Reply 12 - Posted by:
David Key 6/27/2024 10:05:11 AM (No. 1744425)
Hmmm I seem to remember a group of "experts" telling us Trump would crash the economy in his first administration. How'd that work out? Same experts told us Biden would do great. How did that work out? Nobel Prize winners? If an ex-President can get a Nobel prize for exactly nothing than what's the big deal of the Noble Prize. Nada, zip, bupkis, nein, nyet, zero.
6 people like this.
Reply 13 - Posted by:
volksford 6/27/2024 10:34:34 AM (No. 1744445)
If they are so damn smart where have they been for four years ?
4 people like this.
Reply 14 - Posted by:
LC Chihuahua 6/27/2024 10:35:06 AM (No. 1744447)
Beware false experts. This is why one needs to use their own brain and think for themselves. People will lie to influence their listeners. This is just like all those false experts claiming Climate Change is settled science. This is nothing more than propaganda.
3 people like this.
Reply 15 - Posted by:
DougTN 6/27/2024 10:36:51 AM (No. 1744451)
Like any human endeavor, “science” can be polluted by politics or bias. These Economists couldn’t render an opinion free of emotional bias if their lives depended on it. Let alone support their conclusions.
2 people like this.
Reply 16 - Posted by:
Birddog 6/27/2024 10:37:22 AM (No. 1744453)
Lets just "Look at the record" shall we...Trump was RIGHT then, Biden was wrong. Trump told the truth, Biden lied, These same "economists" were WRONG then, 300% wrong, Trump was right...they are by Logic, likely wrong now.
ALL of the economic FACTS show Trump did the correct things, and the economy not just in the USA but globally reacted positively, those MOST helped were the most marginal and the blue collar, entrepreneurial, middle classes. Biden(and these economists) did the wrong things and the economy, not just in the USA but globally reacted negatively, impacting the marginal, entrepreneurial, blue collar, middle classes and seniors most heavily.
In three years inflation is doubled(down from tripled), interest rates are doubled, illegal migrants have doubled(not in rates which have skyrocketed, but in total numbers currently inside the nation...there are twice as many in 3years than those accumulated from three decades)...housing shortages have gone to 8 MILLION! Coincidentally a similar number to that of illegals allowed in.Hence housing costs have skyrocketed FOR AMERICAN CITIZENS, while foreigners are getting subsidized to the tune of double or more the former rent rates.Energy prices have doubled, insurance costs have more than doubled, crime rates have doubled, in many ways death rates have doubled, business closings have doubled, bank failures have doubled. Commercial space vacancies have doubled, students failing to meet basic educational metrics have doubled.
The record from Trump years vs Biden years show clearly that Trump is TWICE as good as Biden, and that Biden is TWICE as bad as Trump.
6 people like this.
Reply 17 - Posted by:
vrb8m 6/27/2024 10:48:14 AM (No. 1744460)
And Janet Yellen's husband is one of them.
4 people like this.
Reply 18 - Posted by:
DVC 6/27/2024 11:33:39 AM (No. 1744504)
Further proof that the No Bell prize is given for political reasons and has zero bearing on ability, veracity and competence.
5 people like this.
Reply 19 - Posted by:
red1066 6/27/2024 11:59:35 AM (No. 1744519)
I think the Noble committee needs to recall the awards since none of these Noble winners seems to know their butt from a hole in the ground.
2 people like this.
Reply 20 - Posted by:
MickTurn 6/27/2024 3:06:12 PM (No. 1744619)
Proving without a doubt that receiving a Nobel Prize is a reward for being a Stupid and Crazy Commie!
1 person likes this.
Reply 21 - Posted by:
Calvinesq 6/27/2024 3:51:40 PM (No. 1744648)
Sheesh. All these economists - and the light bulb still is not changed.
3 people like this.
Reply 22 - Posted by:
JimBob 6/27/2024 4:26:49 PM (No. 1744661)
LIARS!
0 people like this.
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