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Stephen Moore

Stephen Moore

Stephen Moore is an economic consultant with Freedom Works. He received a bachelor of arts degree from University of Illinois at Urbana-Champaign and holds a master of arts degree in economics from George Mason University.

Articles by Stephen Moore

Don't worry, the South is still booming

Anyone who understands real estate knows it's all about three things: location, location, location. In recent decades, many of the hottest locations in the country have been in Dixie. Published July 26, 2019

Cryptocurrencies (Illustration by The Washington Times)

'Who's afraid of cryptocurrencies?'

Finally, we seem to have a bipartisan consensus in Washington. Both parties are terrified of new private money and they want to regulate it out of existence. Published July 20, 2019

Illustration on school busing by Alexander Hunter/The Washington Times

Busing, no; school choice, yes

In the first Democratic presidential debates, Sen. Kamala Harris of California defended forced busing back in the 1970s as a civil rights triumph and criticized former Vice President Joe Biden for racial insensitivity for once opposing the policy. Published July 7, 2019

Debt is Bad Illustration by Greg Groesch/The Washington Times

'It's the spending, Stupid!'

The Congressional Budget Office has just released its mid-year update on the federal fiscal situation and it portends a debt avalanche. But don't bother to tell Sens. Bernie Sanders or Elizabeth Warren that. They're busy advocating tens of trillions of dollars in new federal spending. Published June 30, 2019

Chart to accompany Moore article of June 24, 2019.

Blurring the expense of medical care

Several years ago, I had a shoulder injury and the doctor told me I might need surgery to fix the small tear in my rotator cuff. He said that I was borderline whether to have the surgery or not. So I asked: "Doctor, if I have this surgery, about how much will it cost?" Published June 23, 2019

Mine Closed Illustration by Greg Groesch/The Washington Times

Without mining there is no 'Green Revolution'

The recent threats by Beijing to cut off American access to critical mineral imports has many Americans wondering why our politicians have allowed the United States to become so overly-dependent on China for these valued resources in the first place. Published June 16, 2019

Federal Reserve Cuts Illustration by Greg Groesch/The Washington Times

Tortured logic at the Federal Reserve

I've been shouting from the rooftops for six months that the Federal Reserve is too tight on money, and that this lack of dollar liquidity has cut into growth. So it is somewhat vindicating that Fed Chairman Jerome Powell seems to finally coming around to that idea. The betting markets are now predicting at least one rate cut this year and perhaps two. Published June 9, 2019

Illustration on the stagnation of wage increases for men by Alexander Hunter/The Washington Times

Are men becoming economically expendable?

Almost all of the economic discussion of late has been on the "wage gap" between men and women. A case in point: California Sen. Kamala Harris wants to create a federal bureaucracy which will ensure that the government has more influence over workers' pay than workers and employers themselves. This will open up a Pandora's Box for trial lawyers as employers find themselves deluged with lawsuits over pay "gaps" real and imagined. Published June 2, 2019

Chart to accompany Moore article of May 27, 2019.

The Fed hurts farmers more than China does

There's no question that many farmers are struggling this year with incomes down and bankruptcies up. Though some of the more dire reports on the farm sector recorded in the media are exaggerated, what is indisputable is that prices for major commodities such as corn are on a downward trend and are significantly lower than they were less than a decade ago, when prices were at or near record highs. Published May 26, 2019

Chart to accompany Moore article of May 20, 2019.

How to modernize immigration laws

When I used to talk to candidate Donald Trump about immigration, I would tell him, make sure your "big, beautiful wall" has plenty of gates for people to come here legally. President Trump's new immigration initiative would achieve both goals — border security and a new system to admit the immigrants America needs most. Published May 19, 2019

Illustration on economic rebounds in Ohio by Linas Garsys/The Washington Times

Ohio the comeback state

I recently took some flak from Ohio Sen. Sherrod Brown for saying in a speech at the Heartland Institute several years ago that the "only place to live in the midwest is Chicago." He was particularly upset that I took a tongue-in-cheek swipe at Cleveland and Cincinnati as "armpits" and this was supposedly evidence that I hate Ohio. Published May 12, 2019

Illustration on secrecy at the Federal Reserve by Alexander Hunter/The Washington Times

Let the sunshine in at the Federal Reserve

I'm disappointed that I had to withdraw from the nomination to be a member of the Federal Reserve Board, because I do believe the Fed needs to change the way it operates. In the last month I started investigating how it makes its decisions that have such a dramatic impact on jobs, wages, interest rates and the overall well-being of the country. How does the board make its monetary policy decisions on setting interest rates, buying bonds and regulating our financial institutions? Published May 5, 2019

Steel-Booted World-Goverment Mandates Illustration by Greg Groesch/The Washington Times

The carbon tax fantasy

Every time a reporter asks me if I would support a carbon tax, I always say that I might if it led to a dollar-for-dollar reduction in income or payroll tax rates. And the new energy tax would have to replace onerous greenhouse gas regulations. And everytime I say this, the next day a headline reads: "Steve Moore Is For a Carbon Tax." Published April 28, 2019

The immigrants we need most

Of all America's immigrant visa programs, arguably the most successful for the U.S. economy has been the H1B program. This program admits highly-skilled foreigners that fill vital employment niches to make our Made in America businesses more successful in international markets. Larry Kudlow, the director of President Trump's National Economic Council, calls these immigrants the "brainiacs." Published April 21, 2019

Growing American Jobs Illustration by Greg Groesch/The Washington Times

Is America running out of workers?

If you want one number that encapsulates the enormity of the economic turnaround under Donald Trump it is this: Today in America so far this year there have been between 7.1 million and 7.6 million unfilled jobs. This number is larger than the entire population of the state of Indiana. That is how powerful and relentless the hiring spree has been under Trump policies. Published April 14, 2019

Chart to accompany Moore article of April 8, 2019.

How to prevent the next financial crisis

What caused the financial crisis and Great Recession of 20082009? A decade later, economists still don't have a good answer. Of course, the financial bubble in the housing market was the proximate cause, but this begs the question of what inflated the bubble that burst in the first place. Published April 7, 2019

Elite University Coffers Illustration by Greg Groesch/The Washington Times

The biggest college scandal of all

The seething anger that Americans feel over the college admissions scandal with wealthy and well-connected families using money, influence and cheating to bump their kids up in line so they get accepted into elite schools is well-justified. Yet this scheme is small potatoes compared to the real scandal on college campuses from coast to coast. That scam is how much universities are charging families once they do get in. Published March 31, 2019

Green New Deal Waste of Money Illustration by Greg Groesch/The Washington Times

How the first 'Green New Deal' flopped

Alexandria Ocasio-Cortez's Green New Deal has been widely ridiculed for its massive disruption to the economy and a price tag of tens of trillions of dollars. Published March 24, 2019