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(a) a 'thank you' for writing the book (amazon.com/Trumponomics-I…) and the op-ed (wsj.com/articles/the-f…)
(b) an elaborate ploy to get me to waste my next 12 hours on Moore clips
(c) a real thing
I think I am going with (a) but what do I know
(b) an elaborate ploy to get me to waste my next 12 hours on Moore clips
(c) a real thing
I think I am going with (a) but what do I know
i'm still skeptical this will materialize but looks like it may be (c) after all
I wonder if @realDonaldTrump knows that @StephenMoore is in favor of the QT
From the same paper Moore co-authored 
Could be fun times at the Eccles building. @StephenMoore 3 months ago (newsmax.com/politics/fire-…) --
Moore: "he [Trump] asked us, 'should I have kept Janet Yellen?' And we kind of looked at each other and smiled. Well Janet Yellen couldn't have been any worse than the guy he's got in there now." 5:35 of this radio interview omny.fm/shows/cats-int…
interviewer: "where did Jerome Powell come from?"
Moore: "Well see that's the other problem. That's why I always thought he was a bad choice because he spent his whole career basically at the Fed.."
[narrator: he did not]
i: "he picked one of the alligators"
M: "exactly!"
Moore: "Well see that's the other problem. That's why I always thought he was a bad choice because he spent his whole career basically at the Fed.."
[narrator: he did not]
i: "he picked one of the alligators"
M: "exactly!"
"Book is doing well. As you know Donald Trump tweeted it out a week or two ago so we went way up on the Amazon list. And we are not quite bestseller list yet but we are getting close."
"My parents' generation lived in fear of getting polio; many boomers lived in fear of getting sent to the Vietnam War; this generation's notion of hardship is TiVo breaking down." wsj.com/articles/SB124…
Feb 08"Before being sworn into office, politicians should be forced to learn Say's Law of economics, which tells us that no one can consume until someone produces. Our leaders in Washington need to look to the supply side if they want to avert a recession" wsj.com/articles/SB120…
"The other day I was on a panel with media reporters and I suggested in all seriousness that Donald Trump deserves the 2018 Nobel Prize in Economics." washingtontimes.com/news/2018/sep/…
December 2018 "if the Fed raises interest rates tomorrow they should all be fired for economic malpractice"
"one of the problems the Fed has is this dual mandate. It should not have the mandate of getting to full employment. The way you get to full employment is by having price stability."
have no idea if he personally wrote this @WSJ editorial but I believe he was on the editorial board at the time
“So I don’t think it’s outlandish to say that the expectations of a Republican Congress has lifted spirits and business and investors.” politico.com/story/2015/01/…
“We need to build a resistance force. Not against Trump. But against the leftist barbarian forces whose demented causes created Trump in the first place.” spectator.org/this-is-a-war-…
“During 2003–2007, when the federal funds rate was held at a preposterously low 1 percent...” spectator.org/40804_not-so-g…
“...but we would argue that the correct measure of dollar stability and flat prices is the price of gold, not the Consumer Price Index. The gold price is double today what it was in 2005. So even as an inflation fighter, Bernanke’s record is oversold.”
“...and perhaps agreed to a common currency (like the euro)...”
(he writes a lot about secession)
(he writes a lot about secession)
different view of inflation in January 2015
I wonder if @MittRomney will vote for @StephenMoore nomination to the Fed cnn.com/2016/12/02/pol… via @KFILE
"what these economists on the left and the right and everybody on Wall Street 'rah rah rah, print more money, this will get the economy going, this will get the stock market going.' You know we tried that in the 1970s and it didn't end so well." tfmetalsreport.com/podcast/4089/t… [@ 16:25]
Will @LamarAlexander vote for @StephenMoore nomination to the Fed? tennesseestar.com/2017/08/06/eco…
view of the financial crisis (from "End of Prosperity") amazon.com/End-Prosperity…
August 2016 "well you know, I'm not an expert on monetary policy" c-span.org/video/?c478741…
January 2017 short clip in which Moore says he would be good with 2 to 3% inflation and interest rates going up in this case are good c-span.org/video/?c478742…
Nov 2016"people really do understand there is something strange and unhealthy about our monetary policy...I believe we should take power away from the Fed. We should have what we as conservatives call a rule-based monetary policy. You take away discretion" c-span.org/video/?c478742…
October 2016 "I'm not an expert on monetary policy...the people on Wall Street hyperventilate about what the Fed may or may not raise by a quarter point. Its not going to make a bit of difference." c-span.org/video/?c478742…
June 2011 "I think Ben Bernanke has been one of the real problems. I think the next president who every he or she might be ought to replace Ben Bernanke as one of his or her first acts of office..." 1/x
"...Ben Bernanke has been running an extraordinarily inflationary monetary policy. Anyone watching this video who goes to the grocery store or their gas pump knows that our monetary policy is completely out of control, that inflation is here..." 2/x
"..If you look at the price of gold it has gone from 900 dollars to 1500 dollars an ounce. And I think gold price is one of the best indications of inflation. The price of everything from butter to gasoline to bread to things that you buy at Wal-Mart are all rising in price." 3/x
"...And you know Ronald Reagan taught us in the 1980s that you want a dollar that is strong and stable and what we have right now is a currency that is weak and falling and unstable. And that is unsettling the economy. Its leading to investment leaving the United States..." 4/x
"...If we stay on this course, we are at risk of losing the dollar being the world reserve currency and that would be a devastating blow to the US... I think all of this easy money has become like a narcotic for the US economy..." 5/x
"...We are like drug addicts in this country, addicted to cheap money. And I think that's a fool's errand." 6/6
June 2009 "I think you are the 3 pillars of freedom and liberty in this country"
referring to the Wall Street Journal editorial page, Fox News and the National Taxpayers Union (@NTU)
referring to the Wall Street Journal editorial page, Fox News and the National Taxpayers Union (@NTU)
Re QE "And where does the Federal Reserve get the money to buy the debt? Well of course they print it. That strategy that I just outlined that's what's called the Argentina-Bolivia-Mexico model."
"Ben Bernanke do you ever go to a grocery store? Do you ever have to pay the bills? Do you have to pay tuition costs? Do you have to pay healthcare? They're not growing at 2%. They are growing at 4 or 5%. Of course, the unemployment rate is really 10%."
June 22, 2011 on Freedom Watch with Judge Napolitano
on a radio show "Mornings on the Mall" yesterday, Stephen Moore said:
"I just want to help the Fed, help Donald Trump grow this economy and create jobs... those rate increases were a very significant mistake and they should be reversed."
omny.fm/shows/mornings…
"I just want to help the Fed, help Donald Trump grow this economy and create jobs... those rate increases were a very significant mistake and they should be reversed."
omny.fm/shows/mornings…
"we have slight deflation which can be as bad as inflation. Its interesting because that view has been soundly criticized over the weekend by the Washington Post, The New York Times and others. But these are people who just hate Trump, they don't want Trump to be successful."
"my view is very simple and this is I think one of the reasons Trump picked me is that back 6 months ago we had, thanks to Trump's tax cuts and his deregulation efforts and all the other policies put in place, we had 4% economic growth, we had full employment in the country..."
"...we had no inflation and it was a beautiful picture. You can't get much better than that. And then the Fed starts raising interest rates in I thought a really unproductive way, in a way that sucked a lot of oxygen out of the economy.."
"It is not enough for the Fed to say we are not going to raise rates, they have to be going back to where we were in the summer of 2018... the only thing that's holding back the economy at this point in my opinion is tight money."
used to think deflation in commodities was something to celebrate weeklystandard.com/stephen-moore/…
"The commodities index is about the only readout that a monetary pilot truly needs.
And right now, the CRB Index is blaring, "Pull up! Pull up!" heritage.org/markets-and-fi…
And right now, the CRB Index is blaring, "Pull up! Pull up!" heritage.org/markets-and-fi…
Cant find Moore advocating for monetary easing when the CRB was declining from June 2014 to February 2016 ... in fact he said in 2015 it was time to raise rates ...
April 2016 nysun.com/national/colla…
from @greg_ip "as the CRB commodity price index fell by half and the dollar rose, Mr. Moore frequently called on the Fed to tighten monetary policy to avert inflation—the opposite of what he now advises—when commodity prices have fallen far less" wsj.com/articles/powel…
"what I want to see from your generation is hundreds of thousands of people your age going to the Capitol and yelling 'hey hey we wont pay' and burning your social security cards... that's the way to solve the entitlement problem"
looks like Stephen Moore wanted the Fed to raise interest rates in August 2008: "the Fed announced yesterday that it was not going to raise interest rates, something I think it actually should do to get less dollars out in the economy."
8/6/08 Glenn Beck show on CNN
8/6/08 Glenn Beck show on CNN
On a radio this morning, Stephen Moore: "they keep calling me a quote 'Trump loyalist' as if that's somehow some kind of sin... If I get to the Federal Reserve...that's what I will advocate for: high growth, high wages and zero inflation" traffic.libsyn.com/secure/force-c…
July 2008 "Illadvised interest rate cuts by the Fed are a key reason for the excessive borrowing that resulted in recent years, Moore said. Rates now should be lifted to boost the flagging value of the U.S. dollar and to curb inflation, he added."
🤔"On my wall in my office is an old peanuts cartoon. Remember when Snoopy used to sit on the top of his doghouse and he'd type out little messages on his typewriter. And it says, 'Dear IRS, please take me off your mail list.' I just love that, you know!"
September 18, 2015 "We have got to get rid of the Federal Reserve and move towards a gold standard in this country!"
"how in the world did the United States Senate - the last time I looked the Republicans ran the United States Senate - they betrayed us on this Iran vote. They betrayed us. We need to have a vote in the United States Senate on these traitorous and treasonous Iran treaty, right."
new frontiers in Fed communication? soon-to-be Fed nominee Stephen Moore in conversation with Dinesh D'Souza on Facebook Live discussing his book "The Big Lie"
.@byHeatherLong and @damianpaletta have a new story on Moore, including an FEC fine of Club for Growth washingtonpost.com/business/econo…
"I'm going to say this because I believe its true: I believe that this radical- that the whatever they call it 'global warming' 'climate change' this is the greatest scam of the last 100 years. This is the greatest scam of the last 100 years."
.@benshapiro on Moore
Steve Moore tells @TeamCavuto he is not necessarily in favor of a 50bp cut as Kudlow is... and that the IRS actually owes him money and hasn't been responsive to him in years video.foxnews.com/v/602030502600…
come along way in 3.5 years
"by the way, I don't want to be quoted on this but when I talk about scams - the greatest scam in the last 100 years is climate change and global warming. There is no scientific consensus whatsoever. They're making up the science!"
"what I say is that we tax work and entrepreneurship and business creation and saving and investment less and we tax liberals more. That's my tax policy!"
March 2016 "and why don't we go back to a gold standard in America! Let's make our currency as good as gold again!"
"I'm a radical on this: I'd get rid of a lot of these child labor laws. I want people starting work at 11, 12."
"I've been advising Donald Trump a little bit about preparation for the debate. And I told Donald the first thing you should say... 'gee Hillary I'm surprised your here. I would have thought you would have been in jail.'"
3/23/19 "I'm a Trump loyalist. That's my sin, you know. That is true. I am a Trump loyalist... Now we just need the Fed to continue to provide the dollar liquidity into the economy so we can keep this economy growing at 3 to 4 percent." player.fm/series/wmal-sa…
on @SquawkCNBC Kevin Hassett defends Steve Moore this morning -- suggests that Moore will be laying low until Senate confirmation hearing cnbc.com/video/2019/04/…
September 2016: "We should go back to some kind of gold standard. I want to take discretion away from the Fed. We don't want the Fed to be making all these decisions."
I would have expected more grassroots conservative support for Moore but so far all I see is an astroturf campaign where people all send an identical tweet Freedomworks appears to have written and tag a bunch of senators
this was news to me townhall.com/columnists/ste…
.@stephenmoore on @anniefreyshow today 971talk.radio.com/shows/annie-fr… says he doesn't support Trump shutting down southern border but agrees with that end of Mueller investigation will boost the economy... seems confident about 2020 reelection
another talk radio interview tonight. Moore says he's a "growth hawk," for a sound dollar, the media are sleaze, people are afraid of him becoming Chair in 3 years and he has a lot to learn about the Fed ... and he's very confident he will be confirmed
.@USATODAY editorialized against Moore
on @IngrahamAngle last night -- "I have just about as good qualifications I think as anyone but they don't want to talk about my economic ideas".... "I'm not backing down on this one"
on @FoxBusiness 1/3/19, @SteveForbesCEO responding to @stephenmoore: "you mentioned a commodity standard. I think you are trying to get around the fact that you're advocating a gold standard. Say it Steve! Come out of the closet." video.foxbusiness.com/v/598577243800…
Mr. Puzder - whose own nomination for Secretary of Labor in 2017 was withdrawn because he did not have the votes for confirmation (politico.com/story/2017/02/…) - has endorsed Moore
Stephen Moore told @BrianLehrer today that he believes he has been officially nominated and that the confirmation process will take between 3-5 months wnyc.org/story/the-bria…
Are low interest rates good for investment? For Stephen Moore, depends if the year is 2016 or 2019
Also w @BrianLehrer, Moore argues for private savings accounts instead of "the black hole of Social Security" and for the 2020 election "I predict that he [Trump] is going to get a higher percentage of the black and hispanic vote than any Republican president in 40 years"
in 2005 the Club for Growth threatened legal action against Moore - their recently deposed President - for stealing fundraising lists nytimes.com/2005/07/08/pol…
December 2016 "yeah I like the idea of going to a gold standard and restoring you know value to our currency... how about putting @SteveForbesCEO in charge of the Fed? By the way, Steve has a new book out on the gold standard. So I love that idea."
On @WRKO680 @stephenmoore tells @TheKuhnerReport we had "virtually no unemployment" and "high wages" in the summer of 2018 ... "a beautiful picture" that the Fed ruined... and Fed now must put "dollar liquidity into the market"
Moore sums up his mission at the Fed — “I just want the economy to accommodate the kind of pro-growth policies Trump has put in place”
"what I really want to do is use it [his position at the Fed] as a platform to promote pro-economic growth ideas and sound money and free trade."
the market is speaking
.@AEI 's @MichaelRStrain opposes Moore (and Cain)
On radio just now Moore says: "I want to keep the dollar as good as gold... blockbuster [jobs] report this morning... one of the responsibilities of the Fed is to keep the dollar as the world's currency"
This afternoon Moore told @SebGorka -- "I saw the President a couple of weeks ago and said, 'Mr. President, stop creating so many jobs! We don't have enough people to fill them!'" omny.fm/shows/america-…
.@NewYorkSun editorial in favor of Moore (and Cain) because they may help end the Fed and bring back the gold standard nysun.com/editorials/the…
This morning Moore says if economy stay strong Trump will be reelected but if it goes south "people will get a little bit worried." Also "he's allowing wages to grow... I'm very bullish on the US right now. I love the situation Trump is creating." omny.fm/shows/cats-int…
Moore on radio just now-- "I want to be able to accommodate these growth policies that Trump has put in place... I think this boom can continue for 3, 4, 5 years if Trump gets elected and these policies continue..."
"Remember 9-9-9? I worked with him on that! What a great idea! ... Want to put rocket fuel in the economy? Do 9-9-9."
Moore on radio now- "if the economy stays this strong for the next two years Trump is going to win an overwhelming landslide reelection... we need to make sure the Fed isn't pulling the money supply out of the economy and I'm a little nervous about that"
.@seanhannity: "its almost like the Fed was helping President Obama politically and then it almost seems like Trump's president what do we care if it impacts the economy. That's the feeling I got. Am I wrong?
Moore: "look there may be some truth to that" player.fm/series/series-…
Moore: "look there may be some truth to that" player.fm/series/series-…
Moore: "we've actually had slight deflation right now. show me anywhere where prices are rising and I guarantee you talk to farmers, talk to the people in the oil patch they don't see any inflation. They see their prices falling." player.fm/series/series-… [1:02:35]
.@FreedomWorks breaking news: "Stephen Moore understands that the Federal Reserve can't fight crises"
on @FoxBusiness Moore tells @MariaBartiromo-- "commodity prices since September have fallen by about 12%" [actually ~5%... he's still quoting 12% from January... but CRB has rebounded]
"[Laffer and Moore] we predicted that we were going to face some really tough times coming, that a lot of the agenda we we hearing out of the politicians was more taxes, more regulation and so on. And so we predicted the economy would crash...that's precisely what happened" 🤔
March 09 "This is what's so evil about this trillion dollar stimulus bill that we just passed. This bill is not about stimulating the economy. What this bill is about is funneling hundreds of billions of dollars to the AFL-CIO, the teachers unions...ACORN"
"Nixon was the President who took America off the gold standard in 1971 and what happened was we had a surge of inflation once we lost that anchor... I always say Richard Nixon was impeached for all the wrong reasons."
👀 "The truth is none of these people really did want to pay more taxes. And I'd point to three people: Tom Daschle, right, he doesn't pay his taxes, Tim Geihtner, he doesn't pay his taxes, Charlie Rangel, he doesn't pay his taxes"
😬 "Geithner, who as you know didn't pay $35,000 in income taxes - by the way, I went over all of those forms and stuff, the idea that this was an honest mistake is BS! This guys knew exactly what he was doing and he knew he owed the money but the statute of limitations was up."
March 2009 "this is something new to me - I didn't believe in this before - we need to go back to a gold standard. We really do. I mean our monetary policy is so out of control right now...We have gotta get that anchor."
"the big failure of the Bush presidency - when he entered office the price of gold was $300 an ounce, when he left office the price of gold was $1000 an ounce... the dollar and our currency has been devalued over this period and I believe that's what caused this crisis."
speech last month -- "by the way, wages are not a good way to measure how workers are doing cause they have much more benefits today, we've overstated inflation..."
.@GeorgeWill blasts Moore washingtonpost.com/opinions/the-c…
"I do have 35 years of experience in the game -- in the economic policy game -- I think I probably have as good a record on the economy as any economist you want to pit me up against. And I think I bring a kind of 'real world' experience." bloomberg.com/news/videos/20…
Moore says this morning -- "I'm not in favor of a gold standard" bloomberg.com/news/videos/20… (cc @SteveForbesCEO )
This thread has multiple instances of him advocating a gold standard.
Bookends:
March 2009:
December 2016:
This thread has multiple instances of him advocating a gold standard.
Bookends:
March 2009:
December 2016:
November 2014 "I'm not a big believer that we are going to see deflation...if anything I think we are going to start to see inflation rates...rise... my area of expertise is looking at how the political scene is influencing Wall Street and companies"
November 2014 "I want the Fed to start raising interest rates. I think we gotta start withdrawing this money from the economy... I actually think when the Fed pulls back that's actually good for the economy. I'm counterintuitive on that."
cc @senrobportman
"if you live in the midwest, where else do you want to live besides Chicago, right? You don't want to live in Cincinnati or Cleveland or, you know, these, you know, armpits of America like that?"
💪 start for Moore's populist campaign
"if you live in the midwest, where else do you want to live besides Chicago, right? You don't want to live in Cincinnati or Cleveland or, you know, these, you know, armpits of America like that?"
💪 start for Moore's populist campaign
Greg Mankiw, forme CEA Chair for President Bush (43), rips Moore nytimes.com/2019/04/11/bus…
It was truly an amazing moment of TV. Will post the video when it comes out.
