State Budgets

Statement on Stephen Moore’s Selection to Federal Reserve’s Board of Governors

WASHINGTON, D.C.


The American Legislative Exchange Council (ALEC) commends and supports Stephen Moore’s selection to the Federal Reserve’s board of governors. As a champion for market-driven solutions and an expert in state-based economic policy he is sure to represent a fresh, outsider opinion at the Federal Reserve. Further, no one is more qualified than Stephen Moore for this position.

For twelve years he has coauthored Rich States, Poor States with ALEC Chief Economist Jonathan Williams. This publication provides a longitudinal tracking study of 15 policy variables that predict economic outlook in the states. Stephen Moore also served President Ronald Reagan as an economic adviser, serves on the ALEC board of scholars, and served on the editorial board at the Wall Street Journal, among many other accolades.

“In 25 years of knowing Stephen Moore, he’s been a stalwart supporter of free-market solutions. I know he will defend individuals – and the 50 states – against bad economic policy,” said Lisa B. Nelson, Chief Executive Officer of the American Legislative Exchange Council. “He will advance on the Federal Reserve’s board of governors the same principles he advances as a board member for the American Legislative Exchange Council: limited government, free markets and federalism.”


In Depth: State Budgets

Smart budgeting is vital to a state’s financial health. The ALEC State Budget Reform Toolkit offers more than 20 policy ideas for addressing today’s shortfalls in a forthright manner, without resorting to budget gimmicks or damaging tax increases. One way to stabilize budgets over time is to embrace …

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