Editing Daniel McFadden (section)

==Political views==
In June 2024, 16 [[Nobel Memorial Prize in Economic Sciences|Nobel Prize in Economics]] laureates, including McFadden, signed an open letter arguing that [[Donald Trump]]’s fiscal and trade policies coupled with efforts to limit the [[Federal Reserve]]'s independence would reignite inflation in the United States.<ref>{{cite news |last=Nichols |first=Hans |date=June 25, 2024 |title=Scoop: 16 Nobel economists see a Trump inflation bomb |url=https://www.axios.com/2024/06/25/nobel-prize-winners-biden-economy-trump-inflation |access-date=June 26, 2024 |website=Axios |publisher=Cox Enterprises}}</ref><ref>{{cite news |last=Picciotto |first=Rebecca |date=June 25, 2024 |title=Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation |url=https://www.cnbc.com/2024/06/25/nobel-prize-economists-warn-trump-inflation.html |access-date=June 26, 2024 |publisher=CNBC |archive-date=June 26, 2024 |archive-url=https://web.archive.org/web/20240626002547/https://www.cnbc.com/2024/06/25/nobel-prize-economists-warn-trump-inflation.html |url-status=live}}</ref><ref>{{Cite web |last=Picchi |first=Aimee |date=June 25, 2024 |title=16 Nobel Prize-winning economists warn that Trump's economic plans could reignite inflation |url=https://www.cbsnews.com/news/trump-economy-nobel-prize-winners-letter-inflation-warning/ |url-status=live |archive-url=https://web.archive.org/web/20240709175720/https://www.cbsnews.com/news/trump-economy-nobel-prize-winners-letter-inflation-warning/ |archive-date=July 9, 2024 |access-date=July 12, 2024 |website=www.cbsnews.com |language=en-US |quote=Trump's policies could prove to be inflationary, other economists also warned, such as his proposal to create a 10% across-the-board tariff on all imports to deporting immigrants. The tariff plan would add $1,700 in annual costs for the typical U.S. household, essentially acting as an inflationary tax, according to experts at the Peterson Institute for International Economics.}}</ref>