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Joseph Stiglitz: Trump Presidency Would Be A “Nightmare” — He Could “Bankrupt the Country”
By Tim Hains (original source RealClear Politics)
Nobel Prize-winning economist Joseph Stiglitz says a Donald Trump presidency would be a “nightmare”, but that it is unlikely to happen. He also speaks about the reasons Trump has so much support: “If you look at the numbers, roughly the bottom 90% have had stagnant income over the past quarter of a century. and we’ve been trying to understand why has that been. And it is, I think partly because we haven’t paid attention to the issue.”
“Fortunately, I’m not having too many sleepless nights, because I think the probability of [a Trump presidency] happening is not very large,” he said. “I think it would be extraordinarily difficult with our relations with other countries — our economic relations and our foreign policy relationships. Building that wall between Mexico and the U.S. is building a wall between the U.S and Latin America. It has done more damage already than one could imagine.For our economy, I think the uncertaintt of this political leader who clearly has no deep understanding of economics other than how to go bankrupt. And we could only hope he won’t bankrupt the country.”
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