Posted on 06/12/2025 4:52:55 AM PDT by RoosterRedux
Economist Steve Moore said on Newsmax Wednesday that he underestimated certain economic indicators under the Trump administration.
Inflation increased less than expected in May, with the Consumer Price Index increasing by 0.1% from April and 2.4% year-over-year, according to the Bureau of Labor Statistics. Reflecting on his past predictions, Moore said on “Carl Higbie Frontline” that inflation numbers had surprised him in recent months.
“I’ve got to confess, I’ve been wrong on the inflation numbers over the last three or four months as well. But at least I’m willing to admit I was wrong,” Moore said.
Moore, who previously expressed skepticism over President Donald Trump’s economic approach, said the economy was performing far better than expected.
“The numbers got better and, look, it’s very clear that Trump, he’s just pushing all the right buttons right now. It’s hard to find anything in this economy today to complain about,” Moore added. “We’re seven million job openings. A record number of Americans, [their] working real wages are rising for the first time in four years. That inflation number blew me away.”
Saying that tariffs had initially raised prices, Moore added that these increases were offset by the broader strength of the economy.
“I did think that tariffs would raise prices. They did a little bit but not much, and that was offset by the fact that the economy is doing really well. We’re producing more goods and services, and this is just basic supply-side economics. If you produce more eggs and you produce more oil, guess what? The prices of these things go down,” Moore said.
(Excerpt) Read more at dailycallernewsfoundation.org ...
Gee, don’t sound so disappointed that the economy is doing so well.
“I’m willing to admit” turns the focus to his praise of his own character.
turn off the magic money machines (ie: digital counterfeiting) that was supporting the 20m+ illegals along with loads of other shady crap... and the economy no longer tries to expand to soak it up.
thereby reducing the rate of inflation we’d been experiencing for 4 years
they did the same thing under 0bama... they just didn’t have 20m illegals to jack up the spending
20m illegals @ $2k/mon == $40b/mon ==> $480b/yr
and that’s if they only put $2k on those cards. there were reports of $13k+
Capitalism actually works if it’s allowed to. All it needs is a few regulations to solve whatever inherent problems it has. Socialism never works, and its problems can never be fixed.
He’s built his career on being an uncharming handmaiden to the oligarchs.
Wall Street globalist mea culpa.
This is what happens when one trusts the MSM, especially banking/finance and gummit.
It’s a dismal “Science”, Steve....
Maybe Peter Navarro knows more about US Economics than Elon and Paul Krugman?
So why did he think producing more would cause prices to increase instead they ?dropped
Moore officially became a clown in late 2019 when he was clamoring for the Fed to reduce interest rates — which were already low to begin with — at a time when the U.S. economy was as strong as anyone could expect.
Most Freepers know more about economics than the “ferret-like” Paul Krugman (ferret reference via Rish Limbaugh)
Trump has a degree in economics, so he has some understanding of an economy.
Moore straighten out his $75,000 IRS tax lien issue yet?
Trump may have a degree in economics from Wharton, but his daddy made him work summers in construction alongside real folk who can give you a better education than Wharton.
Work is the real educator.
I worked 30 hours a week on nights and weekends my senior year in high school and all that summer full time before I entered college in the fall on an academic scholarship.
It wasn’t flipping burgers but in a factory grinding welds which was a dirty sweaty job and there was only one other high schooler in this small factory that employed about a 100.
What did I learn?
I didn’t want to do this rest of my life.
And that there were a lot of folk working in that factory who didn’t have it as good as I did but could do little about it other than just keep going to work and feeding their families the best they could.
Trump is a billionaire, but he is a businessman who has worked hard his whole life and amazingly still puts in a hard day’s work.
Stephen Moore is a suburban Chicago preppy dweeb who like the Tom Cruise character in Risky Business didn’t have the college boards to go to the Ivy League and had to settle for the U of I as Cruise’s character famously shouted out in that classic film.
So Trump is a better economist than all of the Ivy League PhD professional economists are.
The only function of economic forecasting is to make astrology look respectable.
John Kenneth Galbraith
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