But Stiglitz suggested the only way the president’s policies would positively contribute to that goal was by running the US into the ground. “The inflation from the tariffs is going in the wrong way, and the only thing that is going in the right way for Bessent is his efforts to crater the economy,” he said.

“In supporting Trump’s economic policies, Bessent is helping to get the yield curve down by crashing the US economy – not a good policy, I would say.”

🔗 Trump policies make US ‘scary place to invest’ and risk stagflation, says Stiglitz