Dear Monetary Policy Observer,
President Obama’s science advisor is John Holdren, who long ago proposed “de-developing” America. Heritage Foundation has made a bold shift by naming Steve Moore, formerly of Forbes, the Wall Street Journal, and a well respected supply sider, as its chief economist. This recent article by APIA senior adviser Ralph Benko examines the implications of Heritage’s pick and how Moore’s supply side savvy, which includes favoring monetary reform, is a powerful force to pull America out of the “Holdren Doldrums.”
We hope you find this material of interest.
American Principles In Action
John Holdren, now Obama’s White House science advisor, 40 years ago termed America “overdeveloped.” Holdren co-authored a 1993 book, Human Ecology: Problems and Solutions, with Anne and Paul Ehrlich reportedly saying that, “A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States….” (Emphasis supplied.)
As Reason Magazine’s Ronald Bailey put it upon the occasion of Holdren’s nomination to White House service: “Holdren … acknowledge(s) ecological ignorance about the principles of economics, but [didn't] express any urgency in learning about them.” Holdren seems, to this columnist, still to favor “de-development” more euphemistically stated as “sustainable prosperity.”
…How to fight such ignorance? How about … deploying the protégé of a towering intellectual Julian Simon who once upon a time decisively refuted Dr. Holdren?
That’s exactly what Heritage’s president Jim DeMint now is doing. DeMint recently lured one of America’s leading advocates for policies of equitable prosperity, Steve Moore, to Heritage Foundation. Moore’s title, Chief Economist, suggests he has been given great authority.
…Heritage and Moore both champion free markets. But they do so from different, complementary, perspectives. In the tone of its advocacy Heritage leans toward “righteousness,” to do the right thing.
There is a place for argument from righteousness. We voters expect righteousness from our leaders. But righteousness is a feature, not a benefit.
We also expect more: a benefit. Moore provides the “more.”
Read the full article here: http://www.forbes.com/sites/ralphbenko/2014/02/17/a-supply-side-visionary-is-drafted-to-fight-team-obama/