During the Obama administration, he warned that the Fed was sowing the seeds of hyperinflation. “Zero interest rates haven’t helped the economy,” Mr. Moore told The Washington Post in 2015. Following Mr. Trump’s election, Mr. Moore executed a quick U-turn. He began to insist that lower interest rates were just what the economy needed.
Mr. Moore has not argued that he changed his mind because he realized he was wrong, or because the facts changed. Indeed, on another question of public policy, he has maintained a politically convenient position despite the accumulation of facts to the contrary. He is a stalwart evangelist for the unsupported belief that tax cuts cure slow growth.
The state of Kansas took Mr. Moore’s advice on fiscal policy in 2013, adopting a set of tax cuts recommended by Mr. Moore and his longtime collaborator Arthur Laffer. The two men promised a “near immediate” increase in economic growth. Instead, the state’s economy languished and the state government fell into a funding crisis. In the course of the subsequent debate, the editorial page editor of The Kansas City Star announced that Mr. Moore had misstated so many facts that she would no longer publish his contributions in the paper.
https://www.nytimes.com/2019/03/23/...l?action=click&module=Opinion&pgtype=Homepage
Mr. Moore has not argued that he changed his mind because he realized he was wrong, or because the facts changed. Indeed, on another question of public policy, he has maintained a politically convenient position despite the accumulation of facts to the contrary. He is a stalwart evangelist for the unsupported belief that tax cuts cure slow growth.
The state of Kansas took Mr. Moore’s advice on fiscal policy in 2013, adopting a set of tax cuts recommended by Mr. Moore and his longtime collaborator Arthur Laffer. The two men promised a “near immediate” increase in economic growth. Instead, the state’s economy languished and the state government fell into a funding crisis. In the course of the subsequent debate, the editorial page editor of The Kansas City Star announced that Mr. Moore had misstated so many facts that she would no longer publish his contributions in the paper.
https://www.nytimes.com/2019/03/23/...l?action=click&module=Opinion&pgtype=Homepage
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