In this column, Daron Acemoglu, 2024 Nobel Prize winner in economics, is quoted.
I think it's a good idea to listen to what he says.
"Economic prosperity requires institutions that foster risk-taking and innovation: secure property rights that ensure people can enjoy benefits from their investment; predictable enforcement of contracts; free and fair elections that allow citizens to keep a tab on their leaders and replace them when needed. These things, in turn, require the rule of law, independent judiciaries and freedom of the press.
Unfortunately, Trump is itching to undermine all these institutions. As Acemoglu put it to me, “There are many different ways in which the United States can be hurt really badly.”
Better buckle up, it's going to get bumpy.
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