Who are they?: The 16 Nobel Prize Winners Predicting Inflation Under Trump
In a recent statement, Joe Biden has highlighted concerns from sixteen esteemed economists, all Nobel Prize winners, warning that a second term for Donald Trump could lead to increased inflation. The letter signed by these economists outlines their concerns about the economic ramifications of a Trump presidency.
The letter reads:
We the undersigned are deeply concerned about the risks of a second Trump administration for the U.S. economy.
Among the most important determinants of economic success are the rule of law and economic and political certainty. For a country like the U.S., which is embedded in deep relationships with other countries, conforming to international norms and having normal and stable relationships with other countries is also an imperative. Donald Trump and the vagaries of his actions and policies threaten this stability and the U.S.’s standing in the world.
While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump’s. In his first four years as President, Joe Biden signed into law major investments in the U.S. economy, including in infrastructure, domestic manufacturing, and climate. Together, these investments are likely to increase productivity and economic growth while lowering long-term inflationary pressures and facilitating the clean energy transition.
During Joe Biden’s presidency we have also seen a remarkably strong and equitable labor market recovery — enabled by his pandemic stimulus. An additional four years of Joe Biden’s presidency would allow him to continue supporting an inclusive U.S. economic recovery.
Many Americans are concerned about inflation, which has come down remarkably fast. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets. Nonpartisan researchers, including at Evercore, Allianz, Oxford Economics, and the Peterson Institute, predict that if Donald Trump successfully enacts his agenda, it will increase inflation.
The outcome of this election will have economic repercussions for years, and possibly decades, to come. We believe that a second Trump term would have a negative impact on the U.S.’s economic standing in the world and a destabilizing effect on the U.S.’s domestic economy.
Signed,
The Signatories: Who Are These Economists?
1. George A. Akerlof (2001)
- Background: American economist, university professor at Georgetown University, and Koshland Professor of Economics Emeritus at UC Berkeley.
- Notable Work: Nobel Prize for contributions to the understanding of markets with asymmetric information. Husband of Janet Yellen, U.S. Secretary of the Treasury.
2. Sir Angus Deaton (2015)
- Background: British-American economist, Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at Princeton University.
- Notable Work: Nobel Prize for analysis of consumption, poverty, and welfare.
3. Claudia Goldin (2023)
- Background: American economic historian and labor economist, Henry Lee Professor of Economics at Harvard University.
- Notable Work: Nobel Prize for advancing understanding of women’s labor market outcomes.
4. Sir Oliver Hart (2016)
- Background: British-born American economist, Lewis P. and Linda L. Geyser University Professor at Harvard University.
- Notable Work: Nobel Prize for contributions to contract theory.
5. Eric S. Maskin (2007)
- Background: American economist and mathematician, Adams University Professor at Harvard University.
- Notable Work: Nobel Prize for foundational work on mechanism design theory.
6. Daniel L. McFadden (2000)
- Background: American economist and econometrician, Presidential Professor of Health Economics at USC.
- Notable Work: Nobel Prize for development of methods for analyzing discrete choice behavior.
7. Paul R. Milgrom (2020)
- Background: American economist, known for auction theory, co-creator of the no-trade theorem.
- Notable Work: Nobel Prize for improvements to auction theory.
8. Roger B. Myerson (2007)
- Background: American economist, professor at the University of Chicago.
- Notable Work: Nobel Prize for work on mechanism design theory.
9. Edmund S. Phelps (2006)
- Background: American economist, founder of Columbia’s Center on Capitalism and Society.
- Notable Work: Nobel Prize for demonstrating the golden rule savings rate.
10. Paul M. Romer (2018)
- Background: American economist, University Professor in Economics at Boston College.
- Notable Work: Nobel Prize for contributions to endogenous growth theory.
11. Alvin E. Roth (2012)
- Background: American economist, Craig and Susan McCaw Professor of Economics at Stanford University.
- Notable Work: Nobel Prize for work on market design and experimental economics.
12. William F. Sharpe (1990)
- Background: American economist, STANCO 25 Professor of Finance Emeritus at Stanford University.
- Notable Work: Nobel Prize for contributions to financial economics, creator of the Sharpe ratio.
13. Robert J. Shiller (2013)
- Background: American economist, Sterling Professor of Economics at Yale University.
- Notable Work: Nobel Prize for empirical analysis of asset prices.
14. Christopher A. Sims (2011)
- Background: American econometrician and macroeconomist, John J.F. Sherrerd ’52 University Professor of Economics at Princeton University.
- Notable Work: Nobel Prize for research on cause and effect in the macroeconomy.
15. Joseph E. Stiglitz (2001)
- Background: American economist, University Professor at Columbia University.
- Notable Work: Nobel Prize for research on information asymmetry.
16. Robert B. Wilson (2020)
- Background: American economist, Adams Distinguished Professor of Management, Emeritus at Stanford University.
- Notable Work: Nobel Prize for contributions to auction theory.
Analysis
Despite their credentials, it’s noteworthy that many of these Nobel laureates were awarded for their work in specialized areas such as game theory, rather than macroeconomic policy or inflation forecasting. This raises questions about their expertise in predicting inflation outcomes from policy decisions.
In their letter, they emphasize concerns over Trump’s approach to fiscal responsibility and international relations. They argue that Biden’s economic agenda, marked by significant investments in infrastructure and manufacturing, is better suited to maintaining economic stability and controlling inflation.
The concerns raised by these Nobel-winning economists suggest that the upcoming election could have significant economic repercussions. However, the relevance of their specialized fields to the broader economic issues at hand, particularly inflation, should be carefully considered. As the election draws near, voters must weigh these expert opinions alongside their own views and experiences.
Election
“MAGA Mayes” vs. “RINO Roy” for Texas Attorney General
OPINION – Texas conservatives have seen this movie before. A polished Republican talks tough on the Constitution, quotes the Founders on cue, rails against Washington corruption, and convinces voters he is one of the good guys. Then the pressure hits. The cameras come on. The media starts demanding blood. And suddenly the “fighter” voters elected folds faster than a lawn chair at a church picnic.
That is the growing fear surrounding Congressman Chip Roy as speculation intensifies over the Texas Attorney General race. For many grassroots conservatives, Roy is not simply another establishment Republican. He represents something more dangerous, a Republican who knows exactly how conservatives think, exactly what they want to hear, and exactly when to abandon them to protect his standing with the political class.
That perception hardened permanently after January 6.
While Democrats, corporate media, and anti Trump Republicans launched a coordinated political assault against President Donald Trump, Roy joined the feeding frenzy at the exact moment conservatives expected Republicans to stand firm. On January 13, 2021, Roy took to the House floor and declared Trump’s conduct was “clearly impeachable.” The comments were widely covered by outlets including CNN and The Texas Tribune.
At the time, Democrats were aggressively pushing impeachment while left wing media outlets painted millions of Trump supporters as domestic extremists. Conservatives across the country watched banks deplatform citizens, federal agencies ramp up investigations, and political dissent become increasingly criminalized. And there was Chip Roy, sounding almost indistinguishable from the Republicans conservatives had spent years fighting against.
Worse still, Roy’s rhetoric placed him in alignment with some of the most despised anti Trump Republicans in modern history, including Liz Cheney and Congressman Thomas Massie. Cheney ultimately became the public face of the January 6 Committee, a committee many conservatives viewed as less interested in truth than in politically destroying Trump and intimidating his supporters. Roy may not have joined that committee, but to many voters, he helped legitimize the narrative driving it.
This matters because the Attorney General’s office is not ceremonial. The Texas AG is often the final line of defense against federal overreach, politically motivated prosecutions, censorship efforts, and constitutional violations. Every time a city government wants to object to an open records request by a citizen, they need the permission of the AG. Conservatives are not looking for another Republican who caves once the editorial boards and Sunday shows begin screeching. They want someone willing to absorb political punishment without turning on the movement that elected him.
That is why Texas State Senator Mays Middleton is gaining traction among MAGA conservatives. Known by supporters as “MAGA Mayes,” Middleton has cultivated a reputation as an unapologetic America First conservative. He backed election integrity legislation, border enforcement measures, anti-ESG policies, and efforts to stop taxpayer funded lobbying by local governments. More importantly, he has not spent the past several years publicly distancing himself from the voters who dominate today’s Republican base.
To many conservatives, the contrast is glaring. Middleton looks like a man preparing for political combat. Roy increasingly looks like a man carefully managing his reputation with DC insiders while hoping Texas voters forget what happened in 2021.
And conservatives should ask themselves an uncomfortable question. If Roy was willing to publicly break with Trump during the biggest coordinated political attack against conservatives in modern history, what happens when the next crisis arrives? What happens when federal agencies pressure Texas? What happens when media outlets begin demanding prosecutions, investigations, or compromise? Does Roy suddenly rediscover his “constitutional concerns” while conservatives once again get thrown under the bus?
Roy’s defenders will point to his conservative voting record, and that’s fair. He has opposed Biden administration policies and marketed himself as a constitutional hardliner. But conservative voters are increasingly learning that voting scorecards mean very little when pressure reveals someone’s instincts.
And Roy’s instincts, at the defining moment, were not to protect the movement. They were to condemn it alongside people who openly despised it.
Texas conservatives have spent years warning about Republicans who campaign like MAGA warriors back home while quietly serving the priorities of the donor class and establishment once inside Washington. Many now fear Chip Roy fits that mold perfectly, polished, articulate, deeply ambitious, and ultimately unreliable when the stakes become uncomfortable.
The time has come to end the political careers of all who oppose the People, those who oppose the MAGA agenda.
Featured
UFO Files Released
Trump’s “UFO Files” Drop Lands With a Thud, Leaving Believers and Skeptics Equally Unsatisfied
Department of War – For years, UFO believers promised the truth was buried somewhere deep inside government vaults, hidden behind classified markings and decades of official denials. The long-awaited disclosure, they said, would prove humanity is not alone. So when the Trump administration released a major archive of UFO-related material this week, anticipation exploded across social media and conspiracy circles alike. The result, however, landed with all the excitement of opening a mystery safe only to discover it filled with newspaper clippings, hobby magazines, and blurry photos of distant lights in the sky.
The files were released through the federal archive portal at www.WAR.GOV/UFO Files and include videos, audio recordings, witness statements, correspondence, and archival documents connected to unidentified flying objects, now often called unidentified anomalous phenomena, or UAPs.
The website also prominently features a statement from Donald Trump posted from Truth Social:
“Based on the tremendous interest shown, I will be directing the Secretary of War, and other relevant Departments and Agencies, to begin the process of identifying and releasing Government files related to alien and extraterrestrial life, unidentified aerial phenomena (UAP), and unidentified flying objects (UFOs), and any and all other information connected to these highly complex, but extremely interesting and important, matters. GOD BLESS AMERICA!”
The Department of War website also states that additional material will continue to be released on a weekly basis, suggesting the current archive represents only the first phase of a broader disclosure effort. That announcement has kept many UFO enthusiasts hopeful that more substantial evidence could still emerge in future document dumps.
For now, however, the initial release appears to contain little that fundamentally changes the public understanding of UFO phenomena.
Despite years of sensational claims about craft performing maneuvers that supposedly “defy physics,” none of the videos included in the archive appear to show anything close to that. The objects captured on camera are consistently small, far away, and moving in mostly straight lines at what appear to be ordinary, subsonic speeds. There are no impossible right-angle turns, no instantaneous acceleration, no sudden stops, and no visible flight characteristics beyond what could plausibly be explained by conventional objects or optical effects.
File: DOD_111688964 – Taken 2024-06-01 – The United States Northern Command submitted a report of an unidentified anomalous phenomenon (UAP) to the All-domain Anomaly Resolution Office (AARO) consisting of 21 seconds of video footage from an infrared sensor aboard a U.S. military platform in 2024. An accompanying mission report, DoW-UAP-D8, described the UAP as consisting of an object with a vertical pole or bar attached to the bottom of the object. The observer also reported that the UAP may instead be a reflection from an object in the water.
Most of the footage consists of little more than bright shiny objects against the sky, filmed from such extreme distances that meaningful identification becomes nearly impossible. A few clips appear consistent with balloons or commercial drones. Others show glowing or reflective orbs with no discernible structure or detail. None of the material independently verifies the extraordinary claims often promoted by UFO media personalities and internet commentators.
The release arrives after years of mounting public fascination with UFOs. Congressional hearings, Pentagon acknowledgements of unexplained aerial sightings, and endless online speculation helped create expectations that the government might eventually reveal evidence of non human intelligence. Those expectations likely contributed to the enormous interest surrounding this document dump.
But much of the archive reads less like disclosure and more like an oversized collection of unresolved anecdotes and cultural memorabilia. Witness statements describe strange lights, odd movements, and unusual sightings, but almost none are supported by physical evidence, radar tracking, or technical analysis capable of independent verification. Some are handwritten personal accounts submitted decades ago by ordinary citizens reporting mysterious experiences investigators apparently could neither confirm nor explain.
A surprisingly large portion of the collection focuses on civilian UFO enthusiast organizations that published magazines and newsletters dedicated to sightings and theories about alien life. Rather than classified military revelations, many files simply document the activities of hobbyist groups fascinated by UFO culture during the Cold War era and beyond.
The archive also includes letters from school children asking the government whether flying saucers and aliens are real. While historically interesting as a reflection of American pop culture and public curiosity, the letters offer no evidentiary value regarding extraterrestrial life. Some of the material feels more appropriate for a museum exhibit on twentieth century UFO fascination than for a headline generating government disclosure project.
NASA related recordings and footage included in the release similarly failed to produce dramatic revelations. Most involve routine aerospace operations, ambiguous observations, or discussions about unidentified objects without any conclusion that they originated from beyond Earth. NASA has consistently maintained there is no confirmed evidence of alien visitation, and nothing in this release appears to alter that position.
Reaction online quickly shifted from excitement to frustration. Some UFO believers claimed the truly important files are still hidden behind classification barriers and that the public release was carefully sanitized before publication. Skeptics argued the archive merely reinforces what critics have long maintained, that UFO mythology survives largely because blurry footage and incomplete information allow people to project extraordinary conclusions onto ordinary phenomena.
Notably absent from the release are the kinds of materials long promised in sensational documentaries and conspiracy forums. There are no recovered alien craft, no biological specimens, no authenticated extraterrestrial communications, and no government memos admitting contact with non human intelligence. More importantly, there is no footage of any object displaying flight characteristics that genuinely challenge known physics.
That disconnect between public expectation and documented reality may ultimately be the biggest story.
For decades, UFO culture has operated on the assumption that earth shattering proof exists just beyond public reach. Every blurry light becomes a possible spacecraft. Every vague government statement fuels another round of speculation. Entire media industries now thrive on the promise that disclosure is always right around the corner.
Yet when the files finally arrived, they mostly revealed what Americans have seen for generations, distant lights, uncertain observations, stories without proof, and a government willing to catalog mystery without necessarily solving it.
Perhaps future weekly releases from the Department of War will contain something more compelling. But if this first archive is any indication, Americans waiting for undeniable proof of alien visitation may need to lower their expectations considerably.
Featured
“Paid Influencer Ecosystem”?
Thune’s Dismissive Smear of Election Integrity Concerns Demands His Immediate Ouster
Opinion – Senate Majority Leader John Thune has revealed his utter contempt for the American electorate. Amid mounting pressure to advance the SAVE America Act—a straightforward bill requiring voter ID and proof of citizenship to safeguard federal elections—Thune shrugged off the grassroots outcry as nothing more than a “paid influencer ecosystem.”
This arrogant dismissal, captured in recent comments to reporters, isn’t just tone-deaf; it’s a betrayal of the millions of everyday Americans who demand secure elections as a cornerstone of our republic.
Thune’s remarks didn’t emerge in a vacuum. They came as conservatives, including President Trump and a chorus of activists, ramped up calls for the Senate to use procedural tools like a talking filibuster to force a vote on the SAVE Act.
The legislation, already passed by the House, addresses widespread fears of voter fraud by ensuring only citizens cast ballots—a measure supported by an overwhelming 80-90% of Americans across party lines, according to polls from Gallup, Rasmussen, and others. Yet Thune, ensconced in his leadership perch, waved it away, implying the push is manufactured by compensated online agitators rather than genuine civic concern.
As one critic aptly put it, this reduces the legitimate worries of voters to a “social media echo chamber,” ignoring the real-world efforts of poll watchers, state lawmakers, and ordinary citizens who’ve fought for transparency since the chaotic expansions of mail-in voting during the 2020 pandemic.
Let’s be clear: Thune’s words aren’t a mere slip; they’re a window into the soul of a career politician who’s lost touch with the base that elevated Republicans to Senate control. Public skepticism about election integrity isn’t fringe—it’s mainstream. Polls consistently show that a significant portion of voters, including independents and minorities, harbor doubts about the security of our processes, fueled by irregularities in battleground states and the rapid, unchecked changes implemented under the guise of COVID emergencies.
Organizations like the Election Integrity Network and grassroots groups have documented these issues through audits, lawsuits, and reform proposals, all driven by patriotism, not paychecks.
To smear these efforts as the work of “paid influencers” is not only insulting but dangerously divisive, echoing the elitist disdain that has alienated voters from the GOP establishment for years.
This isn’t Thune’s first rodeo in undermining conservative priorities. As the No. 2 Republican under Mitch McConnell, he previously downplayed candidates focused on 2020 election concerns, blaming them for midterm setbacks rather than addressing the underlying voter frustrations.
Now, as Majority Leader, he wields immense power over the legislative agenda, yet he’s dragging his feet on border security, spending reforms, and yes, election safeguards—issues that define the MAGA movement and the party’s platform. His reluctance to “bust the filibuster” or rally votes for the SAVE Act, despite a Republican majority, reeks of cowardice or worse: complicity in preserving a system that benefits the uniparty elite. Even Elon Musk has publicly questioned if Thune is “owned by someone,” a sentiment echoed across conservative networks.
The backlash has been swift and justified. Activists, commentators like Tomi Lahren, and everyday Americans on platforms like X have torched Thune for his arrogance, with calls to “vacate the chair” gaining traction. From podcasters decrying him as a “RINO on steroids” to voters labeling him a “damn liar,” the outrage underscores a deeper fracture: Senate Republicans are failing their base, and Thune is the poster child for this dysfunction.
Thune Must Go—Step Down or Be Vacated
John Thune’s tenure as Senate Majority Leader is a disgrace, a glaring example of how Washington insiders prioritize self-preservation over the will of the people. By belittling the fight for election integrity as a fabricated “ecosystem” of influencers, he has spit in the face of the 77 million-plus Trump voters and the broader conservative coalition that demands action, not excuses.
This isn’t leadership; it’s sabotage. In a constitutional republic, where the legitimacy of government rests on the consent of the governed, dismissing voter concerns as paid propaganda erodes the very foundation of our democracy. Thune isn’t just wrong—he’s unfit.
It’s time for Thune to face the music: Step down immediately and let a true conservative warrior take the reins. If he refuses, Senate Republicans must summon the spine to vacate the chair, just as House conservatives did to oust Kevin McCarthy when he failed to deliver.
Anything less is a capitulation to the swamp, allowing Democrats to block vital reforms while illegals potentially sway elections and fraud festers unchecked.
The American people aren’t “paid influencers”—we’re the bosses. And we’re done with traitorous enablers like Thune. Remove him now, or risk losing the Senate and the republic along with it. The clock is ticking, Republicans: Act, or be replaced.
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