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Financial world stunned as Trump offers Fed job to an ‘idiot’ who called for him to be awarded the Nobel Prize

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‘Good Lord Terrible Idea’ Says a Dartmouth Economics Professor

President Donald Trump has awarded Stephen Moore with the offer of a seat on the Federal Reserve’s Board of Governors. Moore, best known as a cable news “economic analyst” last year called for Trump to be awarded the Nobel prize for economics. He served as a top Trump campaign economic advisor.

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Moore once was the chief economist for The Heritage Foundation, a far right wing think tank that is closely intertwined with the Trump administration. For unknown reasons that title was changed. He is now a “distinguished visiting fellow.”

The Wall Street Journal Friday morning reported that “Mr. Trump spoke to Mr. Moore to compliment the economic commentator on an opinion article he co-authored last week calling the Fed Chairman Jerome Powell’s policy moves a threat to the U.S. economy. The article was published in The Wall Street Journal, where Mr. Moore previously worked as an editorial-page writer.”

Also unclear are Moore’s qualifications.

He was the Founding President of the union-busting Club for Growth, which reportedly has received funding from the Koch Brothers. And he is listed as “the senior economic contributor for FreedomWorks,” which, in its original form was a Koch Brothers project.

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“Under its original name, Citizens for a Sound Economy, FreedomWorks received $12 million of its own from Koch family foundations,” The New York Times reported in 2010.

But at least one actual economist has accused Moore (along with all of Trump’s economic advisors) of not being an actual economist.

Public reception of Moore is not always the best.

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Dartmouth economics professor Danny (David) Branchflower weighed in on the news:


University of Oregon Economic Professor Mark Thoma in 2007 wrote an article titled, “Is Stephen Moore ‘That Stupid’?

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The Daily Banter in 2016 published a piece titled, “Donald Trump’s Senior Economic Adviser is a F*cking Idiot.”

A not insignificant number of people on Twitter apparently have called him a “crackpot.” Among them, the editor-in-chief of the Danish financial news website EuroInvestor:

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This article has been updated to explain to readers the Koch Brothers’ relationship to FreedomWorks.


Report typos and corrections to: [email protected].
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Trump rages against impeachment ‘lynching’ — and warns GOP will seek revenge against next Dem president

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President Donald Trump declared himself a victim of a "lynching" -- and threatened the next Democratic president with impeachment as he faces increasing calls for his removal from office.

The president raged against the impeachment inquiry that has largely been held in closed-door hearings as House Democrats investigate a possible criminal conspiracy involving classified information.

"So some day, if a Democrat becomes President and the Republicans win the House, even by a tiny margin, they can impeach the President, without due process or fairness or any legal rights," Trump tweeted. "All Republicans must remember what they are witnessing here - a lynching. But we will WIN!"

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Global millionaires now own nearly half of world’s $361 trillion in wealth

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The millionaires of the world, who account for just 0.9 percent of the global population, now own nearly half of the planet's $361 trillion in wealth while the bottom 56 percent of the population owns just 1.8 percent.

That's according to the annual Global Wealth Report released Monday by Credit Suisse, which found that the number of millionaires in the world grew to 47 million between mid-2018 and mid-2019, with the United States leading the world in both new and total millionaires.

According to Credit Suisse, the U.S. added 675,000 new millionaires over the past year, bringing the country's total to 18.6 million.

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Jimmy Carter suffers pelvis fracture in another fall at home

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Former President Jimmy Carter suffered an injury in a fall at home.

Carter, who turned 95 years old this month, fell Monday evening at his home in Plains, Georgia, and was hospitalized for treatment of a minor pelvic fracture, according to The Carter Center.

Former U.S. President Jimmy Carter had a fall yesterday evening at his home in Plains, Ga. He has been admitted to Phoebe Sumter Medical Center for observation and treatment of a minor pelvic fracture. He is in good spirits and is looking forward to recovering at home.

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