Sept 30 Show: Economist Stephen Moore Talks About Inflation and Recession In Our Future.
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Brian Sussman talks with Stephen Moore, a distinguished fellow in economics at The Heritage Foundation and former writer on the economy and public policy for The Wall Street Journal. Stephen discuss the factors behind the current market plunges, ongoing high inflation, and slow growth. What is the outlook for the U.S. Economy market? How long will this recession last? And what is the best way to protect your 401K and savings to survive this bear market.
About Stephen Moore
Stephen Moore Stephen Moore is a senior fellow at the Heritage Foundation and an economist with FreedomWorks. His latest book is “Govzilla: How the Relentless Growth of Government is Devouring our Economy.”
Stephen formerly wrote on the economy and public policy for The Wall Street Journal, and also was a member of The Journal’s editorial board, returned to Heritage in January 2014—about 25 years after his tenure as the leading conservative think tank’s Grover M. Hermann Fellow in Budgetary Affairs from 1984 to 1987.
As a distinguished fellow at Heritage, Moore focuses on advancing public policies that increase the rate of economic growth to help the United States retain its position as the global economic superpower. He also works on budget, fiscal and monetary policy, and showcases states that get fiscal houses in order.
“One of the projects I’m going to be working on is how President Obama has discredited liberal ideas more than anyone,” Moore said in an interview with The Foundry upon his return to Heritage. “Everything he’s done has been such a massive failure—from the [economic] stimulus to health-care reform to bailouts to green energy.
Moore’s early career was shaped by three people who had a profound influence on him: Julian Simon, the late Cato Institute scholar; Edwin J. Feulner, a co-founder of Heritage; and Art Laffer, the economist best known for the Laffer curve.
“What makes them so great is they were willing to take on the conventional wisdom. They were subject to a lot of criticism for doing that,” Moore told The Foundry. “Those are the real change-makers.”
Moore calls his creation of the Club for Growth the defining moment of his career. The organization, which he left in 2004, helps elect conservative members of Congress (including Heritage President Jim DeMint when he first ran for Senate).
Moore next founded the Free Enterprise Fund before joining The Wall Street Journal. As senior economics writer for the newspaper’s editorial board, he covered Washington policy debates and state issues.
“Because I’ve been a consumer of think tank material and policy research, I think I have a pretty good sense of what reporters want and how to get it to them in the way they want it,” Moore said. “Being timely—and not just offering opinion but giving them the facts and data is really critical.”
Moore, who grew up in New Trier Township, Ill., received a bachelor of arts degree from University of Illinois at Urbana-Champaign. He holds a master’s of arts in economics from George Mason University.