Trumponomics Gets The Thumbs Down From Nobel-Winning Economists
- Stiglitz cites ‘broad consensus’ Trump policies won’t work
- Columbia University’s Phelps sees risk of a deep recession
Why Trump's Election May Increase the Risk of Recession
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A pack of Nobel Prize-winning economists gave Donald Trump and his policy plans the thumbs-down on Friday, with one saying the president-elect’s programs could lead to a deep recession.
Speaking on a panel during the first day of the annual American Economic Association meeting in Chicago, the Nobel laureates voiced a variety of concerns about the billionaire developer’s stance, from his haranguing of U.S. companies about their outsourcing plans to the risk that his tax and spending proposals could lead to run-away budget deficits.