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With much
infrastructure in the United States in bad shape, increased
spending could be good even if the details in Trump's plans were
"not so impressive", he said.
"But then also reducing taxes, I mean that is going to lead to
all sorts of budgetary problems in the future," Hart told a news
conference in Stockholm, along with the other winner of the
Nobel Prize for Economics, Bengt Holmstrom.
Hart and Holmstrom are due to receive the prize at a ceremony in
Stockholm on Saturday.
Hart also criticized the idea of tearing up trade agreements and
said reducing taxes on the rich was contrary to his belief of
what was needed.
"I would be in favor of actually increasing the tax burden on
the wealthy," he said, adding it was very hard to know what
Trump will actually do when taking office.
(Reporting by Daniel Dickson Editing by Jeremy Gaunt.)
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