Stephen Moore

Democrats rooting for recession

All of this negativity has made Democrats appear to be so bloodthirsty for power that they want American workers to suffer so they can reclaim the crown. Published August 25, 2019

Supporting rail car traffic

Recently, two major railroad operators, CSX and Union Pacific, reported a significant drop in earnings in part due to declining rail shipments. This was partially due to the impact of ongoing trade disputes. Published August 16, 2019

Sending an SOS to the Federal Reserve

To keep the economy from a further growth slowdown, the Fed must inject more dollar liquidity into the global economy. Immediately. Published August 9, 2019

Why the Fed shouldn’t compete with private banks

Do we want the U.S. Federal Reserve Board to operate as a commercial bank -- and compete with our private banking system? The Fed apparently wants to and it's a policy shift that could greatly expand the mission of the Fed. Published August 2, 2019

Don’t worry, the South is still booming

Anyone who understands real estate knows it's all about three things: location, location, location. In recent decades, many of the hottest locations in the country have been in Dixie. Published July 26, 2019

Why the Fed is right to inject the economy with more dollars

Suddenly, nearly everyone wants the Federal Reserve Board to cut interest rates. I've been arguing for this for nine months, so it's nice to see the economic intelligentsia is finally persuaded. Published July 23, 2019

‘Who’s afraid of cryptocurrencies?’

Finally, we seem to have a bipartisan consensus in Washington. Both parties are terrified of new private money and they want to regulate it out of existence. Published July 20, 2019

Trump wants to index capital gains taxes for inflation, which will boost the economy

It's official. President Trump wants to index capital gains taxes for inflation. Published July 14, 2019

School choice is a better way to make schools colorblind

In the first Democratic presidential debates, Sen. Kamala Harris of California defended forced busing back in the 1970s as a civil rights triumph and criticized former Vice President Joe Biden for racial insensitivity for once opposing the policy. Published July 7, 2019

The crisis in Washington isn’t revenue, it’s over-spending

The Congressional Budget Office has just released its mid-year update on the federal fiscal situation and it portends a debt avalanche. But don't bother to tell Sens. Bernie Sanders or Elizabeth Warren that. They're busy advocating tens of trillions of dollars in new federal spending. Published June 30, 2019

Patients need to know how much their health care costs

Several years ago, I had a shoulder injury and the doctor told me I might need surgery to fix the small tear in my rotator cuff. He said that I was borderline whether to have the surgery or not. So I asked: "Doctor, if I have this surgery, about how much will it cost?" Published June 23, 2019

Renewable energy will only be possible with massive increases in the supply of critical minerals

The recent threats by Beijing to cut off American access to critical mineral imports has many Americans wondering why our politicians have allowed the United States to become so overly-dependent on China for these valued resources in the first place. Published June 16, 2019

The Federal Reserve’s logic on growth, inflation is faulty

I've been shouting from the rooftops for six months that the Federal Reserve is too tight on money, and that this lack of dollar liquidity has cut into growth. So it is somewhat vindicating that Fed Chairman Jerome Powell seems to finally coming around to that idea. The betting markets are now predicting at least one rate cut this year and perhaps two. Published June 9, 2019

Are men becoming economically expendable?

Almost all of the economic discussion of late has been on the "wage gap" between men and women. A case in point: California Sen. Kamala Harris wants to create a federal bureaucracy which will ensure that the government has more influence over workers' pay than workers and employers themselves. This will open up a Pandora's Box for trial lawyers as employers find themselves deluged with lawsuits over pay "gaps" real and imagined. Published June 2, 2019

The Fed hurts farmers more than China does

There's no question that many farmers are struggling this year with incomes down and bankruptcies up. Though some of the more dire reports on the farm sector recorded in the media are exaggerated, what is indisputable is that prices for major commodities such as corn are on a downward trend and are significantly lower than they were less than a decade ago, when prices were at or near record highs. Published May 26, 2019

The Trump immigration plan is pro-America, pro-growth

When I used to talk to candidate Donald Trump about immigration, I would tell him, make sure your "big, beautiful wall" has plenty of gates for people to come here legally. President Trump's new immigration initiative would achieve both goals — border security and a new system to admit the immigrants America needs most. Published May 19, 2019

Trump’s policies help Ohio shatter economic records

I recently took some flak from Ohio Sen. Sherrod Brown for saying in a speech at the Heartland Institute several years ago that the "only place to live in the midwest is Chicago." He was particularly upset that I took a tongue-in-cheek swipe at Cleveland and Cincinnati as "armpits" and this was supposedly evidence that I hate Ohio. Published May 12, 2019

Let the sunshine in at the Federal Reserve

I'm disappointed that I had to withdraw from the nomination to be a member of the Federal Reserve Board, because I do believe the Fed needs to change the way it operates. In the last month I started investigating how it makes its decisions that have such a dramatic impact on jobs, wages, interest rates and the overall well-being of the country. How does the board make its monetary policy decisions on setting interest rates, buying bonds and regulating our financial institutions? Published May 5, 2019

Any climate change ‘solution’ that makes America poorer is not a solution

Every time a reporter asks me if I would support a carbon tax, I always say that I might if it led to a dollar-for-dollar reduction in income or payroll tax rates. And the new energy tax would have to replace onerous greenhouse gas regulations. And everytime I say this, the next day a headline reads: "Steve Moore Is For a Carbon Tax." Published April 28, 2019

Why the immigration system must move away from family immigrants and more toward skill and merit

Of all America's immigrant visa programs, arguably the most successful for the U.S. economy has been the H1B program. This program admits highly-skilled foreigners that fill vital employment niches to make our Made in America businesses more successful in international markets. Larry Kudlow, the director of President Trump's National Economic Council, calls these immigrants the "brainiacs." Published April 21, 2019