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Civitas Outlook
Topic
Politics
Published on
Oct 31, 2024
Contributors
G. Dirk Mateer
Brian O'Rourke
Image: Kamala Harris (Wikimedia Commons, 02/05/2025)

We Assign a Failing Grade to Econonics Nobel Laureates

Contributors
G. Dirk Mateer
G. Dirk Mateer
Senior Fellow
G. Dirk Mateer
Brian O'Rourke
Brian O'Rourke
Brian O'Rourke
Summary
What these Nobel laureates carelessly overlook is the harm caused by Harris’ economic plans.
Summary
What these Nobel laureates carelessly overlook is the harm caused by Harris’ economic plans.
Listen to this article

Last week, twenty-three Nobel prize-winning economists released a letter supporting Kamala Harris’ economic vision as being “vastly superior to the counterproductive economic agenda of Donald Trump.” While admitting that Harris’s “details of the presidential candidates’ economic programs are not fully laid out yet,” the authors imply that Vice President Harris holds the key to an economic wonderland where incomes rise for the poor and middle class, housing prices magically decline, and economic inequality shrinks to nothing. In addition, the letter suggests that, if left to his villainous devices, Mr. Trump would gleefully rule over an economy that engorges fat cats while resigning the rest of America to scraps.

Sadly, instead of writing a letter that illuminates what Nobel prize-winning economists can teach us, the authors of the letter fail to improve our understanding of economic policy. Despite their impressive credentials, their explanation of why Harris’ economic plan for the nation will trump Trump’s proposals is non-existent. The authors simply say “We’re really smart. Trust us.”

Continue reading at Real Clear Markets

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