"Nearly every element of Mr. Trump’s second-term agenda would create great risk of economic harm. In aggregate, there is a high likelihood that his agenda would lead to chaos and unpredictability, including global instability, in that way reducing investment and business activity. Meanwhile, inflation would be increased by tariffs, immigration restrictions and larger fiscal deficits. Some may feel that we made it through one Trump term and are thus likely to make it through another. But a more apt analogy is that after we survived one round of economic Russian roulette, Donald Trump is asking us to take another spin — only this time with many more bullets in the chamber. That would be a very dangerous game."
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Businesspeople from the United StatesJews from the United StatesHarvard University alumniYale University alumniUnited States Secretaries of the Treasury
Original Language: English
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Sources
Kenneth Chenault and Robert Rubin. "The Enormous Risks a Second Trump Term Poses to Our Economy", New York Times (July 8, 2024)
https://en.wikiquote.org/wiki/Robert_Rubin
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Robert Rubin
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