Hartnett: The Experts Are All Wrong About Inflation Under A Trump Presidency

With a Trump presidency looking virtually assured after Biden's cataclysmic debate fiasco, the "expert" fear-brigade that defined Trump's first term in office is out in full force, and last week 16 Nobel Prize-winning economists (not to be confused with 51 former spies) - who have previously been silent as a group over the brazen bull of inflation cooking Americans alive under President Biden, have teamed up for a pre-election collab to let us know that former President Trump 'could stoke inflation if he wins.'

BREAKING: Nancy Pelosi says Americans complaining about Biden's inflation should remember that 16 Nobel laureates have just warned that if Trump wins, his plans will detonate an "inflation bomb," pretends she cannot remember Trump's name, calls him, 'what's his name?' WATCH pic.twitter.com/z7lBOKhMYt

— Simon Ateba (@simonateba) June 27, 2024

And while it is obvious that this latest attempt by the "expert class" to influence voters is nothing but more pro-Biden propaganda, the question of inflation's fate under a Trump administration is certainly pertinent, especially now that the Fed's new inflation target is effectively 3%. We ourselves took a look at this last week in "What Will Happen To Inflation Under A Trump Presidency", and observed that it does make intuitive sense that if tariffs ramp up - as Trump has promised they will in bilateral China trade - then some inflationary impulse is almost certain to follow. This is how Rabobank's strategist Philip Marey put it: