Nobel Prize economist on Trump’s budget: ‘You could say it’s a collection of lies put together’

what’s striking is, while he assumes that there’s going to be more growth, if you look at the budget, it’s designed to reduce growth. He cuts out support for science, for R&D, which is the basis of productivity growth. He cuts out support for job retraining, so when people leave one job, they can be trained for the next job. He cuts out support for Pell grants, so those who have low income can get the education so they can live up to their potential. All these are things that actually lower economic growth. So I would say this is not a growth budget, this is a no-growth budget.

Source: Nobel Prize economist on Trump’s budget: ‘You could say it’s a collection of lies put together’