Joseph E. Stiglitz: There are four additional inflation risks...

Joseph E. Stiglitz: There are four additional inflation risks associated with another Trump administration. The first is a tightening of immigration rules: as the US population ages, the labor force shrinks – a trend that, in the context of a tight labor market, will put further upward pressure on wages. Second, a second Trump administration would likely exercise little fiscal discipline – implementing, for example, unfunded tax cuts for corporations and billionaires; this could raise inflationary expectations and possibly even lead to an excess of aggregate demand. Third, a Trump administration would almost certainly abandon Joe Biden’s anti-monopoly policy, effectively giving corporations free reign to increase prices. Lastly, Trump’s likely interference with the US Federal Reserve might spook the markets, again leading to higher inflationary expectations.
https://portside.org/2024-07-28/joseph-e-stiglitz-road-freedom

thanks for the cue. very respectful of Stiglitz. many economists agree with his views.

Trump wants to do as the 9 lost years PMs did..... suppress wages growth. I a land where wages are supported by tips ffs.

but in fact, Stiglitz is talking here about what Trump is "likely" to do. I think Stig has been very careful with his language.... avoiding going over the top.

the market loved him over his last term. but the nation suffered terribly.