President Donald Trump plans to appoint right-wing “economist” Stephen Moore to the Federal Reserve Board, and people who know anything about actual economics (and basic factual reporting) are livid.
Moore, a fellow with the conservative Heritage Foundation, is best known for appearing on TV, talking about the economy, and completely botching his facts.
Paul Krugman, a Nobel Prize-winning economist and columnist for the New York Times, lambasted the nomination of Moore, whom he has sparred with many times in the past.
“Moore isn’t just a hack, with terrible judgment,” Krugman said on Twitter. “He’s a hack who has repeatedly shown himself unable even to get basic facts right.”
Binyamin Applebaum, another Times columnist, noted that Moore once “got so many facts wrong that the Kansas City Star’s editorial page editor vowed never to publish his work again.”
Indeed, he wrote a column trying to argue that low-tax states do better than high tax states, and he included this error-ridden passage:
No-income-tax Texas gained 1 million jobs over the last five years; California, with its 13 percent tax rate, managed to lose jobs.
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