Stephen Moore named to the Fed board -- and Paul Krugman melts down

American Thinker ^ | 03/22/2019 | Monica Showalter

[SeekAndFind]

Want to see a left-wing jackass make a fool of himself? Take a gander at Paul Krugman's reaction to economist Stephen Moore's nomination to the Federal Reserve's Board of Governors:

 

Amazing. Moore isn't just a hack, with terrible judgment. He's a hack who has repeatedly shown himself unable even to get basic facts right 1/ https://t.co/OxCzhbTA0J

 

There are nine, count 'em, nine Krugman tweets and retweets on the topic of Moore taking his place as one of seven on the Fed's Board of Governors. Krugman is having a cow. He can't seem to think of anything else.  

Obviously, Moore's nomination is affecting the man. Steven Hayward over at Power Line has an absolutely delicious post, with some backstory about how he was with Moore before it happened, with Hayward himself anticipating the Krugman meltdown. He was right, it happened, and Hayward was right there waiting for it to get his blog post out first. As to how bad it is, Hayward writes:

P.S. Yes, I have sent in a request that the SPCA conduct a welfare check on Krugman’s cats.

It's that bad.

[SeekAndFind]

Here's the thing about it: Moore is a free marketer. He's as tough as they come. He believes in this stuff, and putting him on the Fed board means the Fed is likely to shift more to a free market stance to ensure more economic growth. That's good news for us in the private sector. I've worked with Moore myself back when I was an Investor's Business Daily writer and he's terrific. I've never disagreed with him on anything, and he's very clear and articulate in explaining how the real world works. He's been focused heavily on the states (read: The Flyover) in many of his opinion pieces and that's who he's going to be looking out for while he's at the Fed. Is that good news for us? Yup, yup, yup.

[chris37]

If only he literally melted, it would be so much better.

[Does so]

And your opinion of Krugman (on the first term of Trump’s Presidency)?

[CharleysPride]

I don’t care about this guys past — when Obama was in he was an inflation Hawk, an opinion which he has no disowned.

If he is loyal and will follow a rational growth policy that is enough. I prefer supplicants to deep thinkers in the role to be honest.

Thank God, that maniac Jerome Corsi has come to his senses.
Probably too late, but better than never.

[Does so]

"At that point, Krugman chose to release a blog post in which he predicted these jitters represented a new permanent reality in the U.S. economy."

“It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?” Krugman said in his post. “If the question is when markets will recover, a first-pass answer is never.”

[Moonman62]

Yet Krugman and many others have no problem with a Fed that’s caused many recessions and cost us several trillions of dollars in lost economic opportunity. It’s about time we get some outsiders into the Fed.

[Moonman62]

“It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?”

...

The markets are struggling because of the Federal Reserve and their fake claim that economic growth causes inflation. Right now, because of Trump, we are doing better than everyone else in spite of the Fed.

[outinyellowdogcountry]

” I’ve never disagreed with him on anything, and he’s very clear and articulate in explaining how the real world works. He’s been focused heavily on the states (read: The Flyover) in many of his opinion pieces and that’s who he’s going to be looking out for while he’s at the Fed. Is that good news for us? Yup, yup, yup.”

Indeed it sounds like a great move. How many economists exist like Moore? Need more Moore!

[SeekAndFind]

Moore is a disciple and friend and co-worker with Art Laffer ( best known in economics for his Laffer curve )

Had Laffer been younger (he is close to 80 ), he would have been the one nominated.

[SeekAndFind]

RE: Thank God, that maniac Jerome Corsi has come to his senses.

I think you mean Jerome Powell :)

[fhayek]

Krugman hate him. That’s enough for me to get a man crush. Maybe Fed chairman some day?

[circlecity]

“Amazing. Moore isn't just a hack, with terrible judgment. He's a hack who has repeatedly shown himself unable even to get basic facts right“

Physician heal thyself.

[Rusty0604]

Love it! Thanks for posting.

[cotton1706]

Krugman isn’t melting down, he’s looking to influence senate votes.

[MarkL]

How about that global stock market meltdown predicted by Krugman should candidate Trump be elected, as predicted by Krugman.

Krugman is proof of the saying that we could take all the economists and all the meteorologists in the world, have them switch jobs, and nobody would notice a difference (with the possible exception of people who’s lives depend on accurate weather forecasts.)

He’s been “so bigly” wrong so many times, about so many things, it’s just more proof that the NY Slimes doesn’t give a hoot about accurate reporting.

Mark

[CharleysPride]

Oh dear, yes.

Thanks for the assist, basketballs bouncing in my brain this morning.

[SteveH]

change you can believe in!

lolol

[arthurus]

If Krugman is upset, the rest of us should be happy.

If Krugman is upset, the rest of us should be happy.

[arthurus]

If Krugman is upset, the rest of us should be happy.

If Krugman is upset, the rest of us should be happy.

[Pearls Before Swine]

Professional jealousy.

And, Krugman acts as a party shill far more than as an economist these days.