Sixteen Nobel prize-winning economists have signed a letter cautioning that a re-elected former US President Donald Trump would have negative consequences for the US economy, potentially resulting in higher consumer prices. The economists expressed concerns that Trump's policies could lead to instability and a resurgence of high inflation due to what they described as "fiscally irresponsible budgets." The letter, released recently, highlights how the Republican candidate's actions could disrupt economic and political stability and impact the country's global standing. It emphasizes the significance of adhering to the rule of law, ensuring economic and political certainty, and maintaining stable international relationships. The economists commended President Joe Biden's economic performance, particularly noting a robust and fair recovery in the labor market post the COVID-19 pandemic. They collectively endorsed Biden's economic agenda over Trump's, citing major investments in infrastructure, domestic manufacturing, and climate initiatives that are anticipated to bolster productivity, economic growth, and facilitate the transition to clean energy. Signatories of the letter, led by notable figures such as Columbia University Professor Joseph Stiglitz, Yale professor Robert Shiller, and Sir Angus Deaton, underscored the potential ramifications of Trump's policies compared to Biden's approach. With the upcoming presidential debate between Trump and Biden, the polls indicate a close race, although Trump has garnered more trust from voters regarding economic matters. Trump's proposed economic strategies include tax reductions, stricter immigration policies, increased import tariffs, and rolling back Biden's environmental efforts if re-elected. Despite certain surveys revealing higher confidence in Trump's handling of the economy and inflation relative to Biden, the economists remain unified in their preference for Biden's economic vision.