Capitol Report: Donald Trump promotes ‘magical thinking’ and conspiracies, prominent economists say

A group of prominent economists says Donald Trump is promoting “magical thinking” in his policy prescriptions — and they don’t mean it as a compliment.

A letter from economists including Peter Diamond, who shared the 2010 Nobel prize and a nominee to the Federal Reserve, labels the Republican presidential nominee “a dangerous, destructive choice for the country” and urges voters to reject him on Election Day.

Among the grounds cited by the economists are what they say is Trump’s degradation of trust in institutions like the Bureau of Labor Statistics; his misleading of voters in Ohio and Michigan about the effectiveness of renegotiating NAFTA on manufacturing jobs; and his use of immigration as a “red herring” to mislead voters about issues like wage stagnation.

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