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International Business Times UK
International Business Times UK
Porfel Manongsong

Donald Trump's Latest 'Political Bankruptcy' Will Have 'Horrifying' Outcome, Nobel Economist Warns

Paul Krugman warns that Donald Trump’s political vulnerability before the 2026 midterm elections could lead to riskier decisions at home and abroad (Credit: The White House/Wikimedia Commons)

Nobel prize-winning economist Paul Krugman has warned that what he calls President Donald Trump's 'political bankruptcy' could have 'horrifying' consequences, arguing that a Republican defeat in the 2026 midterm elections may leave the president feeling he has little to lose.

Writing on Substack on 19 October 2026, he suggested that weakened electoral prospects could reduce Mr Trump's incentive to exercise restraint.

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