Brace yourself , it's going to get worse.
Financial world stunned as Trump offers Fed job to an ‘idiot’ who called for him to be awarded the Nobel Prize
‘Good Lord Terrible Idea’ Says a Dartmouth Economics Professor
President Donald Trump has awarded
Stephen Moore with the offer of a seat on the Federal Reserve’s Board of Governors. Moore, best known as a cable news “economic analyst” last year called for Trump
to be awarded the Nobel prize for economics. He served as a top Trump campaign economic advisor.
Moore once was the chief economist for The Heritage Foundation, a far right wing think tank that is closely intertwined with the Trump administration. For unknown reasons that title was changed. He is now a “distinguished visiting fellow.”
The Wall Street Journal Friday morning reported that “Mr. Trump spoke to Mr. Moore to compliment the economic commentator on an opinion article he co-authored last week calling the Fed Chairman Jerome Powell’s policy moves a threat to the U.S. economy. The article was published in The Wall Street Journal, where Mr. Moore previously worked as an editorial-page writer.”
Also unclear are Moore’s qualifications.
He was the Founding President of the union-busting Club for Growth,
which reportedly has received funding from the Koch Brothers. And he is listed as “the senior economic contributor for FreedomWorks,” which, in its original form was a Koch Brothers project.
“Under its original name, Citizens for a Sound Economy, FreedomWorks
received $12 million of its own from Koch family foundations,” The New York Times
reported in 2010.
University of Oregon Economic Professor Mark Thoma in 2007 wrote an article titled, “
Is Stephen Moore ‘That Stupid’?“
