,
9 tweets,
5 min read
Read on Twitter
This is the first genuinely bad Trump pick for the Fed. But make no mistake: It's a terrible, horrible, no good, very bad pick. He hasn't gotten a thing right in twenty years, (check the record), and the Senate should not confirm him.
Here's my challenge to any informed voter of any partisan leaning: Call your favorite economist. Whether they're left, right, libertarian or socialist, none of them will endorse Stephen Moore for the Fed. He's manifestly unqualified.
This all feels like a giant troll. But the economy isn't something the President should gamble with.
Here's Stephen Moore during the depths of the Great Recession warning that the Fed was about to cause hyperinflation
Here's Stephen Moore during the depths of the Great Recession warning that the Fed was about to cause hyperinflation
Here he is Stephen Moore recently, warning that we're in the midst of deflation. (We're not.)
mediaite.com/tv/cnn-panel-e…
(Worth watching mostly to see @crampell not so very patiently explaining to him at 2:10 that falling soybean prices are not deflation.)
mediaite.com/tv/cnn-panel-e…
(Worth watching mostly to see @crampell not so very patiently explaining to him at 2:10 that falling soybean prices are not deflation.)
@crampell Stephen Moore gets so many things wrong so constantly that the Kansas City Star won't ever publish anything he writes again. archives.cjr.org/united_states_…
@crampell But it's Stephen Moore's economics that should worry you most. Be fearful about Fed independence, because here he is saying that Trump should fire the Fed chair: realclearpolitics.com/video/2018/12/…
@crampell This snippet that @jimtankersley got from a Stephen Moore email pretty much tells you how disconnected he is from the actual world we live in.
(More great details in Jim's piece, here: realclearpolitics.com/video/2018/12/…)
(More great details in Jim's piece, here: realclearpolitics.com/video/2018/12/…)
@crampell @jimtankersley I teach Econ 101, and I guarantee you that if I asked "What were the effects of the Fed's latest rate hikes?" on a test and a student answered that it "has created an economically debilitating deflation,” I would fail the student. So would ANY economics professor in the country.
@crampell @jimtankersley By the way -- and I'm totally serious about this -- I think Ivanka would be a better pick for the Fed than Stephen Moore.
