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16 Nobel Prize-winning economists, who've heretofore been silent as a group over the brazen bull of inflation cooking Americans alive under President Biden, have teamed up for a pre-election collab to let us know that former President Trump 'could stoke inflation if he wins.'

"Many Americans are concerned about inflation, which has come down remarkably fast [oh?]. There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," reads the letter, signed by the 51 former intelligence plucky pocket protector vanguard of Biden's reelection campaign, CBS News reports.

Of course, they ignore the fact that Biden has kept the Trump tariffs from 2018 and added specific tariffs on "strategic" imports from China.

Speaking of ignoring inflation under Biden…

Trump's plan, however, is to impose a universal tariff on goods imports, and even higher tariffs on China, while pairing it with an extension of his 2017 tax cuts.

The notion that inflation will intensify under Trump's tariff proposal isn't new – even the CATO institute says his plan won't work as advertised… it's that the Nobel Economists willfully ignore the fact that America is screwed under either candidate. The intent appears to be a distraction from what Biden has actually done over the past three-plus years relative the last 40 years of inflationary policies by US presidents.

Signatories of the letter include Columbia University professor Joseph Stiglitz, Yale's Robert Shiller, and 14 other Nobel laureates who are probably a blast at parties.

It's not just these economists, CBS News notes. Other, less cool, non-Nobel prize economists also say Trump's policies could be inflationary – particularly his proposal for a 10% across-the-board tariff on all imports, as well as his plan to deport immigrants.

According to the report, Trump's tariff plan would add $1,700 in annual costs for the typical US household.

That said, here's what happened with inflation under 40 years of US Presidents and Fed Chairs… and what happened under Biden/Powell/Yellen…

Yet, as Philip Marey of Rabobank noted earlier this week;

In closing, "When it comes to trade, both Republicans and Democrats have moved in the same direction, only the approach and the pace are different."