May 2, 2019

Steve Moore’s Law

Steve Moore, one of the oracles of free market economics, is President Donald Trump’s choice for the Federal Reserve Board, and the long knives are out for him. Yet I am told by conservatives everywhere not to worry. He is a shoo-in.

Steve Moore, one of the oracles of free market economics, is President Donald Trump’s choice for the Federal Reserve Board, and the long knives are out for him. Yet I am told by conservatives everywhere not to worry. He is a shoo-in.

It all reminds me of July 1, 1987, when then-President Ronald Reagan nominated Judge Robert Bork for an opening on the Supreme Court. He had it made in the shade, said my complacent conservative friends. The result was brutal. But we do not have to look back 32 years to see how unruly the left-wing mob can be. Recall the recent fate of Judge Brett Kavanaugh. Only his courage and unscotchable determination saved him. The simple fact is that the conservatives are often slow on the draw against the American left. Only the Wall Street Journal has come out swinging for Moore. It is time for the conservatives to rally around him. He can probably win with the president on his side. He apparently has the votes. Yet the coming battle would be a lot less bloody if the conservative movement were to take the field on Moore’s behalf — and make it clear that from now on, it is going to wage war for the president’s nominees.

Defending Moore on economic grounds ought not to be that difficult. The Trump administration is presiding over an economic boom that Moore has been calling for years. With the president’s tax cuts and deregulation — two of Moore’s favorite panaceas for an anemic economy — we have historically low unemployment, certainly for blacks and for Latinos. Growth is now robust. It has actually outpaced predictions. Most economists predicted 2.5% growth for the first quarter. Friday, we learned that the economy grew at 3.2%.

That is the first time since 2015 that the first quarter gross domestic product topped 3%. Most economists were wrong. Moore and those like him were right on track. As Jeremy J. Siegel said in Monday’s Wall Street Journal, “somehow, though unemployment is at a 50-year low, inflation is still below the Fed’s 2% target.” He is the rare economist for Moore.

Ahh, but his critics say Moore is no economist. He lacks a Ph.D. He is a writer, at times a clever writer, at other times a strenuously serious writer, on economics and politics. Well, I have a long memory. He writes with authority on economics and politics, much as Henry Hazlitt wrote on economics and politics for some 60 years, from the early 1920s until the late 1980s. Hazlitt had no Ph.D. either. In fact, he had no college degree at all. Hazlitt would have been an excellent choice throughout his long life to stir up the Fed. Now we have a president in place to stir up the Fed. So let us get on with it.

Yet The New York Times, The Washington Post and CNN are opposed to Moore. Of course, they are also opposed to Trump. When Trump came into office, they predicted a worldwide recession of great severity.

Allow me to quote one of mainstream media’s economic gurus: a certified economist, a winner of the Nobel Prize for economics, Paul Krugman, Ph.D. On Nov. 9, 2016, he greeted Trump’s election with this dirge: “Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people” — Moore! — “in charge of the nation with the world’s most important economy would be very bad news.” And he persisted, “What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in.” Finally, he concluded, “So we are very probably looking at a global recession, with no end in sight.” Clearly, having made hysterical pronunciations such as the above, Guru Krugman could not see Friday’s growth rate of 3.2%.

So now the long knives cannot share Professor Doktor Krugman’s contempt for the Trump economy. How are they going to defame Steve Moore? They are going to get personal. They are going to Brett Kavanaugh him. As I have said, he is a clever writer and has been writing for more than 35 years. Because he is a lively fellow, he has naturally indulged in a little jocosity from time to time. Some 15 years ago, women athletes were a target for his wit, and women bartenders. Now because of the crime of joking about woman leaping in the air and standing behind a bar, he is to be denied a role at the Fed, the assassins boast.

Well, I say to fellow conservatives, leap to Moore’s defense. And remember the example of Congressgirl Alexandria Ocasio-Cortez. She, too, was a bartender before the mainstream media made her the Lioness of the House of Representatives.

COPYRIGHT 2019 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.