Opinion: Stephen Moore wants people to pay more attention to his economic policies. Challenge accepted.
By Catherine Rampell Catherine Rampell Columnist covering economics, public policy, politics and culture Email Bio Follow Columnist April 29 at 6:30 PM Stephen Moore wants the media to pay less attention to his idiotic comments about gender and more attention to his idiotic comments about the economy.Moore, whom President Trump wants to appoint to the Federal Reserve Board, has been complaining about a “sleaze campaign” against him.
In any case, Moore claims that critics focus on the “spoofs” he made about the second sex because they don’t want to grapple with his awesome economic views. Moore has repeatedly, and falsely, claimed that the country is experiencing “deflation.” That means prices are falling , which they are not. But claiming this gives him cover to argue that the Fed should pump more stimulus into the economy just as Trump begins running for reelection.
3. Moore advocates — at least when politically convenient — crank economic ideas, including returning to the gold standard. This idea is roundly rejected by actual economists and would result in much more price volatility. After all, even when commodity prices were plummeting in 2014 , Moore continued calling for tighter monetary policy. That’s the opposite of the policy prescription that would have been suggested by a commodity peg.
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