Nobel Economists Endorse Harris, Say Trump Would Crash The Economy

By Krista Sullivan / October 24, 2024 / Gov & Politics / 1 minute of reading

Twenty-three Nobel Prize-winning economists endorsed Kamala Harris over Donald Trump in a joint letter released Wednesday. Via CNBC:

The nearly two dozen economists said Trump’s economic agenda, which includes hardline tariff proposals and a slate of aggressive tax cuts, would “lead to higher prices, larger deficits, and greater inequality.”

“Simply put, Harris’s policies will result in a stronger economic performance, with economic growth that is more robust, more sustainable, and more equitable,” the letter read. CNN was first to report on the new letter.

Joseph Stiglitz, who won the Nobel Prize for his market economics research in 2001, spearheaded the joint endorsement among his fellow laureates.

Before Hoover passed the Smoot-Hawley tariffs that fueled the Great Depression, 1000 economists petitioned him to veto the bill.

This June, 16 Nobel Economists signed a letter warning against Trump’s economic management — let’s hope history won’t repeat itself. @Morning_Joe pic.twitter.com/bTVG2lcf5o

— Steven Rattner (@SteveRattner) October 17, 2024

About The Author

Krista Sullivan

Krista Sullivan, who writes about politics, health, business, and finance for Hermes News, is a lifelong news junkie. She spent her childhood reading the newspaper from front to back every day and developed an interest in politics at a young age. After graduating from college, Krista worked as a reporter for several local newspapers before moving to Hermes News in 2015. She has been covering the economy since then and enjoys writing about new developments in the field.