#usa #congress #republicans #DonaldTrump - Nobel Prize-Winning Economist Offers a Unified Theory of Trump: Bloomberg

16 January 2026

Daron Acemoglu, Institute Professor in the Department of Economics at the Massachusetts Institute of Technology, joins Bloomberg Businessweek Daily to discuss his 'Theory of Trump' as the second year of President Trump's second term begins.

Acemoglu argues that most of the administration’s actions — including crypto dealings, the appointment of unqualified allies to high-level positions, unconstitutional deportations and National Guard deployments, and the ouster of a Latin American head of state

— all follow a certain logic, as President Trump looks to expand executive power. Acemoglu speaks with Carol Massar and Tim Stenovec.

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Daron Acemoglu is an MIT Institute Professor in Economics at MIT (Massachusetts Institute of Technology), renowned for his influential work in political economy, economic development, and technology's impact on society, co-authoring seminal books like Why Nations Fail and a recent Nobel laureate for his research on institutions and prosperity. He holds the Elizabeth and James Killian Professor of Economics title, focusing on how political power shapes inclusive vs. extractive institutions, affecting national wealth