Op­pos­ing view: Moore will help keep the econ­omy hum­ming

USA TODAY US Edition - - NEWS - Andy Puzder Andy Puzder was a CEO of CKE Restau­rants, fol­low­ing a ca­reer as an at­tor­ney. He was nom­i­nated by Pres­i­dent Don­ald Trump to serve as the La­bor sec­re­tary and is the au­thor of “The Trump Boom,” just out in pa­per­back.

The liberal out­rage trig­gered by Stephen Moore can only mean one thing: He is ex­actly the type of “growth hawk” we need at the Fed­eral Re­serve.

Moore — whom Pres­i­dent Don­ald Trump in­tends to nom­i­nate to the Fed­eral Re­serve Board — is an ideal choice to help se­cure our re­cent eco­nomic gains with mon­e­tary poli­cies that com­ple­ment the pres­i­dent’s fis­cal pol­icy.

“I con­sider my­self a growth hawk,” Moore said re­cently. “I ... will try to make sure that Amer­ica grows as fast as it can, and that wages rise and that we have a long pe­riod of pros­per­ity through a sound mon­e­tary pol­icy.”

Moore has been crit­i­cal of the Fed, but many of his tough ob­ser­va­tions about the Fed have also been highly ac­cu­rate. The Wall Street Jour­nal, for in­stance, stressed that he “has cer­tainly been proven right in his warn­ing last au­tumn that the Fed was tight­en­ing pol­icy too fast.”

Pre­dictably, Moore has come un­der at­tack from lib­er­als, who are try­ing to de­rail his nom­i­na­tion by go­ing af­ter a mis­take Moore made on his taxes re­sult­ing in an IRS tax lien of $75,000.

Con­ve­niently, Moore’s crit­ics for­got to men­tion that this is part of a larger dis­pute with the IRS. Ac­cord­ing to Moore, for in­stance, the gov­ern­ment also owes him $50,000 in over­paid taxes, and the IRS also failed to up­date his mail­ing ad­dress.

This rel­a­tively un­re­mark­able dis­pute with the IRS doesn’t dis­qual­ify Moore from the Fed, and his crit­ics know it. They also know that Moore will push for a mon­e­tary pol­icy ap­proach that will keep Amer­ica’s econ­omy hum­ming through the 2020 elec­tion and be­yond. For Democrats, that’s the threat.

Moore is ex­actly the type of “growth hawk” that Pres­i­dent Trump needs to re­form the Fed and se­cure the gains we’ve made over the past two years. No won­der Democrats are desperate to tar­nish his rep­u­ta­tion.

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