'This will hurt us all': Nobel laureate  delivers devastating verdict on Trump crackdown

An administrative policy rolled out by Donald Trump's team will affect everyone living in the United States, according to a Nobel Prize winner.

Economist Paul Krugman likened the economic policies of the president and his team to their tough stance on immigration, with both dealing financial blows across the country. Writing in his Substack, the Nobel Prize winner suggested that, despite most "despising ICE," the administration had "succeeded" in their aims regarding immigration.

He wrote, "Because imports aren’t people, but immigrants are. Now, for those immigrants that are already here, it’s unlikely that we will actually deport a large percentage. And while thousands have been sent to America’s new gulags — sorry, but that’s what ICE detention centers are — their number probably won’t rise into the millions.

"But millions of potential immigrants are being deterred by the fear of detention, deportation, and the breakup of families. And this will hurt all of us. There has already been a thorough debunking of the false claims that immigration hurts the native born. But I will add two more points."

Krugman went on to outline that the admin had even admitted their policies were affecting people across the country, particularly in food supply and the service industry.

"Waging war against immigrants is not resulting in higher employment of the native-born," he wrote. "In fact, it’s contributing to a stalling of the economy in construction and in the service industries. And even the Trump administration has admitted that the immigration crackdown is hurting America’s farmers and the food supply."

Immigration, Krugman argues, actually improved the economic standing of the current administration, as it gives a larger volume to the taxable pool.

"Immigration expands the base of taxpayers, which means more people to share the burden of paying taxes to pay for defense. This includes undocumented immigrants, because their employers collect payroll taxes out of their wages, with the added fiscal payoff that they will never collect benefits.

"And because immigrants are relatively young and healthy, they increase the amount going into government coffers while having a delayed impact on outlays. The Social Security Administration does sensitivity analysis of factors affecting its projections, and consistently finds that higher immigration improves the system’s financial health, while lower immigration worsens it.

"Trump, Miller, and company are succeeding in their anti-immigrant crusade, despite many failures of implementation, because they are managing to scare away millions of people who wanted to live and work in the United States, contributing to our society. And this 'success' will leave us poorer and weaker."