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Nov 14, 2025 4:00 AM

Trump's Policies Are Making America Less Affordable, Explains Nobel Economist Paul Krugman: 'That's Going Badly'

Nobel Prize-winning economist Paul Krugman has argued that President Donald Trump‘s policies are actively making America less affordable, directly contradicting the president’s central economic promises.

Krugman Says Trump Policies Will Lift Inflation

When asked in a recent podcast with Hasan Minhaj about how Trump’s pledge to make the country more affordable was progressing, Krugman was blunt: “Yeah, that’s going badly.”

Krugman, who recently moved from The New York Times to writing on Substack, asserted that several administration policies are directly contributing to rising costs for consumers.

“Inflation has picked up,” he said, “it will pick up more because all of these tariffs are raising the cost of imported goods.”

Trump’s Immigration Policies Will Fuel Inflation

The economist also linked the administration’s hardline immigration policies to rising grocery bills, an area where Americans feel inflation most acutely.

“We’re starting to see food prices tick up and it’s going to get worse because of the deportations,” Krugman stated. “Because who do you think ...