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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.

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.”

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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.

“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.

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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’?

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

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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.

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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Trump fans smacked down for whining the president is being called a ‘racist’ in righteous rant

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Addressing complaints from both White House officials and fans of Donald Trump that they are tired of hearing the president called a racist, "AM Joy" regular Tiffany Cross fired right back saying they better get used to it.

Following clips of White House adviser Stephen Miller attempting to explain the White House's policies on immigrants, the co-founder of The Beat DC stood up for labeling the president as a bogot.

"It's accurate, you have to call a thing a thing," she began. "I think that's part of the reason why we got here because in 2015, when he kicked off his campaign with a bunch of racist rhetoric, there was a hesitancy to call it out. And there was the first two years of his presidency when he introduced ridiculous white supremacist policies and would follow that up with additional racist rhetoric and we have an echo chamber of people repeating these things, so we have to call a thing a thing."

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Before Trump eyed Greenland: Here’s what happened last time the US bought a large chunk of the Arctic

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Editor’s note: Reports that President Donald Trump has urged aides to look into buying Greenland make us think of the last time the United States bought a major territory in the Arctic: the purchase of Alaska from Russia in 1867. Two years ago, we asked William L. Iggiagruk Hensley, a visiting professor at the University of Alaska Anchorage, to write about that historic sale.

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CNN’s Jake Tapper confronts Trump adviser Navarro with long list of experts calling him a disaster

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In a highly contentious interview on CNN's "State of the Union", host Jake Tapper confronted Donald Trump's top economic adviser, Peter Navarro, with a seemingly endless list of economists, analysts and business publications who believe he and his economic advice have both been a disaster and that he is not being straight with the public.

After refusing multiple times to concede that President Donald Trump's trade war -- and accompanying tariffs -- are having any effect on an economy that many financial prognosticators believe is headed towards a recession, Tapper confronted the White House adviser with the list of his critics -- including the Wall Street Journal.

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