According2Sam #126 '17 Nobel Laureates'

Last year seventeen recipients of the Nobel Prize in Economic Sciences signed an open letter to President Joe Biden in support of his Build Back Better (BBB) package.

At the time of this letter Democrats were proposing a bill that was $3.5 trillion in government spending.

This was after they had passed a $1.9 trillion stimulus package earlier in the year.

The open letter from these economic experts said there was a robust recovery taking place in the American economy, and that the BBB package would provide much needed support for the recovering economy.

These experts expressed some concerns over inflation, but projected only a small, short term, rise in inflation that would quickly come back down.

Democrats used this letter and the credibility of these experts to promote their spending package, but as inflation started to climb and persist even without their new spending they had to admit that the experts had got it wrong.

What are they saying now about the '17 Nobel Laureates', and how is one Democratic Senator using their miscalculation to promote his new spending bill?

Join the conversation and get answers to these questions and more on According2Sam episode #126.