Accountability Desk

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23 Nobel economists warned Trump's agenda would mean higher prices and bigger deficits

More than half of living U.S.-based economics laureates signed a 2024 letter calling his tariffs and tax plans counterproductive.

Oct. 23, 2024  |  Summary by Accountability Desk, based on the reporting credited below

In an open letter organized by Joseph Stiglitz, 23 Nobel laureates in economics, including two of the three most recent winners, wrote that Trump's high tariffs and regressive tax cuts would lead to higher prices, larger deficits and greater inequality, and that his threats to the rule of law endangered economic stability. The letter endorsed Kamala Harris's agenda as vastly superior.

The receipts

Original reporting. Credit belongs to these outlets and authors; read the full stories at the source.

  1. CNN byline on original

    23 Nobel Prize-winning economists call Harris' economic plan 'vastly superior' to Trump's
  2. CNBC byline on original

    'Higher prices, larger deficits': 23 Nobel Prize-winning economists slam Trump agenda
  3. Newsmax (as shared in our notes) byline on original

    Economists' letter