{"id":2584,"date":"2026-06-22T15:39:00","date_gmt":"2026-06-22T15:39:00","guid":{"rendered":"https:\/\/propertyrelocationusa.com\/?p=2584"},"modified":"2026-06-22T15:39:00","modified_gmt":"2026-06-22T15:39:00","slug":"nobel-prize-winner-issues-major-prediction-about-impacts-of-trumps-screwups","status":"publish","type":"post","link":"https:\/\/propertyrelocationusa.com\/?p=2584","title":{"rendered":"Nobel Prize winner issues major prediction about impacts of Trump’s ‘screwups’"},"content":{"rendered":"
\n

Nobel Prize-winning economist Paul Krugman warned the damage from President Trump’s failed war in Iran \u2014 and his broader approach to governing \u2014 will outlast his presidency, leaving the U.S. diminished on the world stage for years to come.<\/p>\n

Read more Trump\u2019s reflecting pool mess is just the latest self-made crisis he is blaming on others<\/a><\/p>\n

In an interview with The New Republic’s Greg Sargent on his “Daily Blast” podcast, Krugman dismissed Trump’s claims of victory in Iran as detached from reality.<\/p>\n

“Iran won,” Krugman said. “Iran is in a much stronger position and the U.S. in a much weaker position than before the war started.”<\/p>\n

Krugman called the resulting ceasefire deal “vastly inferior” to the Obama-era nuclear agreement Trump abandoned during his first term, adding that the conflict cost lives, depleted weapons stockpiles, and exposed the limits of American power.<\/p>\n

“He could have just done nothing \u2014 that would have been better,” he said.<\/p>\n

The conversation centered on a series of early-morning social media posts in which Trump demanded credit for the outcome and touted economic gains. Krugman pushed back point by point, noting that job growth has actually been slower than in the last two years under Biden, with unemployment essentially flat and real wages lower due to inflation accumulated since Trump took office, and he argued stock market gains reflect a global rally rather than anything specific to Trump’s policies.<\/p>\n

“The stock market is up, no question about that,” Krugman said. “Although the stock market rose a lot under Joe Biden, too, Trump would like you to put that down the memory hole. Stocks are up, by the way, around the world. There\u2019s a stock market boom. I haven\u2019t checked the numbers lately, but I believe that they\u2019re up substantially more outside the United States than inside the United States.”<\/p>\n

Krugman framed Trump’s behavior as part of a broader pattern of decline, arguing the war revealed that the U.S. could not impose its will on a “third-rate military power” and that American allies increasingly understand they don’t need Washington \u2014 citing Ukraine’s continued resistance despite a U.S. cutoff of arms and funding. He warned this erosion of credibility is not easily reversible.<\/p>\n

Read more Trump\u2019s \u2018mad hatter\u2019 legacy cemented following latest cabinet member fiasco: analysis<\/a><\/p>\n

“There\u2019s a lot that has obviously been made much worse by Trump screwups,” Krugman said. “What the world now has to suspect, even when Trump is gone from the stage, is who\u2019s the next guy? How do we know that we won\u2019t have another Trump-like figure? Does an agreement with America mean anything, since we\u2019ve just seen an American president rip up every agreement that we had?”<\/p>\n

“We don\u2019t get that back,” he added. “It took generations to build the reputation of America. You don\u2019t get that back unless you give us three generations of good governance from here on in.”<\/p>\n

Krugman was equally blunt about Trump personally, describing him as someone living through a kind of public unraveling.<\/p>\n

“If you look at some of those late-night tweets, the tweets we\u2019re talking about here, you kind of get hit by a real dose of somebody in very steep mental decline,” he said. “It\u2019s sort of two-layered. On the one hand, it\u2019s the sheer nakedness of the demand for adulation, which is just completely crazy. Somebody who\u2019s sunsetting very plainly in plain sight, who knows he\u2019s on his way out and is desperate to have something that he can call a legacy. That\u2019s what we see there.”<\/p>\n

“But at the same time, you also see him completely detached from the reality of what he\u2019s actually done to us,” Krugman added. “What he\u2019s done to you and me, to liberal America, to blue America, even to red America, even to MAGA country.”<\/p>\n

Krugman highlighted the administration’s renovation of the National Mall’s Reflecting Pool \u2014 drained, repainted and resealed, only to be overtaken again by algae \u2014 as an almost literary metaphor. <\/p>\n

Read more \u2018Worked up\u2019 Trump officials raise eyebrows by floating Watergate conspiracy theory<\/a><\/p>\n

“Everything Trump touches turns to crud,” he said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nobel Prize-winning economist Paul Krugman warned the damage from President Trump’s failed war in Iran \u2014 and his broader approach to governing \u2014 will outlast his presidency, leaving the U.S. diminished on the world stage for years to come.In an interview with The New Republic’s Greg Sargent on his “…<\/p>\n","protected":false},"author":1,"featured_media":1258,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nNobel Prize winner issues major prediction about impacts of Trump's 'screwups' - Property Relocation USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyrelocationusa.com\/?p=2584\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nobel Prize winner issues major prediction about impacts of Trump's 'screwups' - 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