Biden's Build Back Better Plan Endorsed by 15 Nobel Prize-Winning Economists

[CousinIT]

https://www.newsweek.com/bidens-build-back-better-plan-will-ease-inflation-15-nobel-prize-economists-say-1629921

A group of Nobel Prize-winning economists believes President Joe Biden's multi-trillion dollar Build Back Better plan will "ease" inflation—despite concerns expressed by Republicans and some moderate Democrats that it will do the opposite.

Democrats in Congress are attempting to push through a $3.5 trillion "human infrastructure" bill via the budget reconciliation process, but they are facing internal division with some moderates opposed to the high price tag. As some of these moderates raise concerns that the package could lead to greater inflation, Republican lawmakers are uniformly opposed to the Biden plan.

But 15 economists—all who have previously won the Nobel Memorial Prize in Economic Sciences—have argued precisely the opposite.

"Because this agenda invests in long-term economic capacity and will enhance the ability of more Americans to participate productively in the economy, it will ease longer-term inflationary pressures," they wrote in an open letter dated Wednesday.

The economists praised the American Rescue Plan passed by Biden and Democrats without any Republican support back in March. However, they said more spending is needed to reverse "years of disinvestment in public goods" and to address "the country's long-term needs—including building toward sustainable and inclusive growth and facilitating our clean energy transition."

"The President's Build Back Better agenda employs a broader conception of infrastructure by making critical investments in human capital, the care economy, research and development, public education, and more, which will reduce families' costs," the economists wrote.

[blm]

1. Put them in a room with moderate Dems and Repubs

and a camera. Take every question the lawmakers throw at them.

[Champp]

2. But but but - but what about helping Republican billionaires?

There's no tax breaks for billionaires in this BBB plan. Don't Republican billionaire priorities matter any more? Unfair.

[underpants]

3. Well then there's that

Thanks for posting this.

[dweller]

4. Well, that should be front page headlines in

3…2……2……..2………….2…………………


✌🏻

[msongs]

5. when congresspersons prostitute themselves to corporations nobel prizes lose nt

[SheltieLover]

6. K&R!

[crickets]

7. So there, Congress! Deal with it. K&R