When reports broke that President Donald Trump had picked Stephen Moore to serve at the Federal Reserve, the backlash was swift and severe.
Moore is best known for being an economic analyst who is terrible at his job. Jonathan Chait called him a “famous idiot.” Economist Greg Makiw, one of the most venerated conservative economists, said he “does not have the intellectual gravitas for this important job.” Catherine Rampell humiliated him in a debate about deflation.
But one point in Moore’s unimpressive history is a piece he wrote in early January of 2009, in the depths of the financial crisis that began in 2008.
View the complete March 26 article by Cody Fenwick on the AlterNet website here.