'A surprise to most': Nobel Prize-winning economist warns US of 'unexpected decline' under Trump

Nobel Prize-winning economist Daron Acemoglu — who’s studied long-term “growth and stagnation” throughout his career — on Sunday offered “creative” insight into the “consequences” of the 2024 presidential election, writing in the Financial Times that the United States’ “decline” over the next two decades could come “as a surprise to most.” Imagining himself as a historian looking back on the US in 2050, Acemoglu writes: Historians and journalists have been debating what happened ever since. Some focused on the economic policies of Donald Trump’s second term: tariffs on allies that,...