Trump on Friday announced that he nominated a conservative think tank fellow, who has criticized everything from paid sick leave to unemployment insurance, to a position on the Federal Reserve Board — a powerful position that has say over monetary policy in the United States.
The nominee, Stephen Moore, is a regular on Fox News, where he spouts crazy economic theories including that unemployment insurance amounts to “paid vacation” for job seekers.
“Extending unemployment benefits is actually bad for the economy,” Moore, a Fox News contributor, said on air in 2014. “It encourages people to stay out of the work force, it’s like a paid vacation for people and it’s actually a tax on employers.”
View the complete March 23 article by Emily Singer on the National Memo website here.