If Donald Trump retakes the White House and follows through on his promise of higher tariffs, billionaires like Elon Musk will benefit, but prices for goods consumed by lower-income people – including many of Trump’s supporters – would rise dramatically. And in an economy where only a few benefit, the many would have to be silenced.
WASHINGTON, DC – Which US presidential candidate – Kamala Harris or Donald Trump – is proposing economic policies that are more likely to generate shared prosperity and strengthen America’s national security? Last week, I joined 22 other Nobel laureate economists in signing an open letter with a simple answer: Vice President Harris. Only Harris has a coherent program of encouraging science, making it easier to commercialize innovations, and funding new business in all parts of the country.
WASHINGTON, DC – Which US presidential candidate – Kamala Harris or Donald Trump – is proposing economic policies that are more likely to generate shared prosperity and strengthen America’s national security? Last week, I joined 22 other Nobel laureate economists in signing an open letter with a simple answer: Vice President Harris. Only Harris has a coherent program of encouraging science, making it easier to commercialize innovations, and funding new business in all parts of the country.