https://www.nationalreview.com/corner/amazing-new-feats-in-shameless-hackery/?utm_source=recirc-desktop&utm_medium=blog-post&utm_campaign=river&utm_content=top-bar-latest&utm_term=third
We’ve reached the point in the electoral calendar when the “experts” join forces to provide Joe Biden with a dubious talking point timed for maximum political effect.
Last time around, the “experts” were some of the nation’s most distinguished intelligence officials who assured the voting public that Hunter Biden’s laptop was a fabrication cooked up as part of an unusually sophisticated Russian disinformation operation. Today, the “experts” are economists — indeed, Nobel Prize winners — all of whom insist that Donald Trump’s proposed economic policies risk exacerbating inflation. That wouldn’t be such a galling assertion if this brain trust hadn’t also assured Americans that Joe Biden’s economic-policy preferences are entirely unimpeachable.
An open letter signed by 16 accomplished economists begins with the authors confessing how “deeply concerned” they are by Trump’s economic prescriptions and the “vagaries of his actions” on the world stage. In particular, the letter’s signatories expressed their fear that Trump’s “irresponsible budgets” will “reignite” inflation.
It’s unclear what “irresponsible budgets” the authors are describing. If they’re referring to the statements of principle that presidents send to Congress under the guise that they are budgetary proposals, these economic mavens need not worry so much. Presidential budgets are political documents, not economic blueprints, and Congress tends to regard them as such.
If, however, these economists were referring implicitly to Trump’s reliance on tariffs as the answer to any and every economic challenge, these economists would be on surer footing. Some forecasters have gamed out the effect of Trump’s sweeping tariff proposals, and they anticipate that the higher cost of imports and the prospect of Chinese retaliation would boost consumer prices.