Opinion: If making wrong forecasts is a problem, Steve Moore has lots of company
Congratulations to our former colleague, Steve Moore. President Trump’s decision to nominate him to be a Federal Reserve board member has triggered a remarkable cascade of derision and condescension from the political left and the poohbahs of the economics academy. Sounds like he’s the right man for the job.
The alleged rap against Mr. Moore varies by the source, but the main one seems to be that he has on occasion been wrong about monetary policy. In particular he feared the return of inflation earlier this decade from the...
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