Commentary
Economist Stephen Moore has been a prominent figure in his field for many years, serving as a valuable resource for both President Ronald Reagan and President Donald Trump in shaping pro-growth policies. Currently advising the latter in his presidential campaign, Moore also contributes columns to The Epoch Times.
I had the privilege of attending his speech on April 10 at the Pacific Club in Newport Beach, where he addressed a gathering of local civic and government leaders. The event was sponsored by the Pacific Research Institute, and President Sally Pipes presented Moore with the PRI’s Baroness Thatcher Liberty Award, named after the renowned UK Prime Minister Margaret Thatcher.
During his speech, Moore provided valuable insights on the economies of California and the United States. He highlighted the latest edition of “Rich States, Poor States,” co-authored by himself, which assesses the competitiveness of all 50 states. Utah ranked first while California ranked last, prompting Moore to emphasize the need for significant improvements in California’s economic climate.
He also shared an anecdote about debating Nobel laureate Paul Krugman in 2016, where he challenged Krugman’s views on economic policies. Moore expressed concerns about the exodus of people from high-tax, regulation-heavy states like California to states with more favorable economic conditions.
Related Stories
Moore also discussed his involvement in former President Trump’s economic team, alongside Arthur Laffer, Larry Kudlow, and Steve Forbes. He praised Trump’s business acumen and compared it favorably to Joe Biden’s career in politics.
Furthermore, Moore touched upon the issue of inflation, citing historical examples and emphasizing its negative impact on the economy. He underscored the importance of addressing inflation to prevent economic instability.
The article from The Epoch Times on April 12 highlighted the impact of rising costs on senior citizens, quoting Shannon Benton from The Senior Citizens League. Benton expressed concern over the financial struggles faced by seniors due to diminishing purchasing power and increased financial uncertainty.
As a 68-year-old “seasoned citizen,” I am personally experiencing the effects of inflation, particularly in California where costs are escalating rapidly. Governor Gavin Newsom’s decision to implement a $20 minimum wage for fast-food workers is further exacerbating the financial strain on residents.
The upcoming election on November 5 will likely be dominated by the issues of inflation and illegal immigration. It is noted that President Biden has been vocal about his plans to implement progressive policies, contrasting with the actions of previous Democratic presidents.
In response to the Supreme Court’s rejection of his student loan forgiveness plan, President Biden swiftly introduced new measures to assist borrowers. Meanwhile, criticism has been directed towards Biden’s energy policies, which are seen as hindering U.S. energy production while China continues to expand its coal industry.
The comparison of coal production between China and the United States reveals a significant disparity, with China producing seven times more coal than the U.S. since 1990. Despite agreements between the two countries to address climate issues, the impact on U.S. consumers and producers has been negative.
Looking ahead to the election, voters will face important decisions regarding economic, social, and foreign policy issues. The speech by Mr. Moore provided insights into the economic landscape and highlighted potential policy changes under a new administration. The upcoming election will give voters the opportunity to shape the future direction of the country. Please rewrite this sentence.
Source link
