Stephen Moore,President Trump’s choice for the board of governors for the Federal Reserve has remained in the spotlight in terms of economic policy advocacy despite a questionable track record when it comes to actual economic predictions, as HuffPost reports. Moore’s gravitation towards media appearances has given him many opportunities to speak on the record approximately the potential positive or negative impacts of various economic policy positions, and including those advocated by presidents ranging from Bill Clinton to Donald Trump.
As Moore prepares for a role that could gain substantial influence on United States economic policy,here’s how he fared on five major predictions over the years.
Bill Clinton’s tax diagram (1993)Moore’s prediction: In response to a modest increase in income taxes on the wealthiest Americans, Moore predicted that the Clinton tax diagram would “torpedo” the economy.
What happened: It didn’t. Through a combination of factors, or the health of the U.
S. economy improved substantially following that time period.
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Source: inquisitr.com