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Trump voters will be 'brutally scammed' during his term, Nobel economist warns

The article discusses a warning from Nobel laureate economist Paul Krugman about the potential economic consequences of Donald Trump's policies if he were to win a second term. Krugman, speaking at the Australian Financial Review Business Summit, highlighted that Trump's proposed policies, such as imposing a 10% tariff on all imports, could lead to significant economic disruption. He argues that these policies would not only increase costs for consumers but also provoke retaliatory tariffs from other countries, potentially leading to a trade war. Krugman also criticized Trump's approach to governance, suggesting that his administration might prioritize loyalty over competence, which could result in mismanagement and scams affecting Trump's voter base. He emphasized that these policies would likely harm the very people who support Trump, as they would face higher prices and economic instability.

Read the Full MSN Article at:
[ https://www.msn.com/en-nz/politics/government/trump-voters-will-be-brutally-scammed-during-his-term-nobel-economist-warns/ar-AA1xgJbe ]