Stephen Moore Must Not be Confirmed

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Vikram Bath

Vikram Bath is the pseudonym of a former business school professor living in the United States with his wife, daughter, and dog. (Dog pictured.) His current interests include amateur philosophy of science, business, and economics. Tweet at him at @vikrambath1.

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7 Responses

  1. Avatar North says:

    I mean maybe he should be confirmed to a special post where they carefully note what he recommends and then carefully do the exact opposite. Is there anything this miserable clown hasn’t been wrong about for the last 20 years? He’s like the rights economic policies (or lack thereof) given physical form.Report

  2. Avatar Jaybird says:

    While I will never understand why a country full of people with individual debt measured in the hundreds of thousands would want to avoid inflation, Mankiw is enough for me.

    Hey, let’s put Mankiw on it.Report

    • Avatar Mr.Joe in reply to Jaybird says:

      Fear. It’s all about the fear. There are some groups that would actually be hurt. But I think most folks would be net winners. I expect I would be on net slight loser to balancing out.

      But, yeah when you generalize to say “Big banks and rich people get hurt and regular people with student loans and fixed mortgages get ahead.” It seems like higher inflation should be a slam dunk. The generalization is probably the largest blocks that will see significant impacts and almost everything else washes out.Report

      • Avatar Slade the Leveller in reply to Mr.Joe says:

        Greider’s Secrets of the Temple talked about this 30 years ago. Monetary policy is driven by the holders of US Treasuries, according to Greider, who don’t want to see the value of there holdings wiped out by inflation. (caveat: I haven’t read this book since it came out, so I may be misremembering.)Report

    • Avatar Mr.Joe in reply to Jaybird says:

      Mankiw is not a horrible choice. He seems to suffer from similar issue as Krugman, but from the other end of the political spectrum. They are so used to being the smartest guy in the room, they seem to forget how much is unknown and random. They speak with far more certainty that is almost certainly warranted.Report

  3. Avatar Stillwater says:

    Stephen Moore: “I’m kind of new to this game, frankly, so I’m going to be on a steep learning curve myself about how the Fed operates, how the Federal Reserve makes its decisions.”Report

  4. Avatar Mike Schilling says:

    I am shocked, shocked Trump is destroying a norm to increase his personal power. Also that world’s most thoughtful and moral man Ben Sasse is fine with it. Also the budget deficit in February was $234 billion, a record, during a boom.

    Long live the party of fiscal responsibility.Report

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