(Kitco News) - Last week, former President Donald Trump announced that he had made a decision regarding the 2024 Presidential election, yet he did not specify whether he would indeed run.
Chief Economist at FreedomWorks and former Trump economic advisor, Stephen Moore, was less ambiguous.
"I don't think there is any question that Donald Trump will run for president again," he stated.
Moore, who said that Trump is a polarizing figure, added, "every day that Joe Biden is President, Donald Trump's legacy looks better."
Moore spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, at the FreedomFest 2022 conference in Las Vegas.
Biden's economic mismanagement
Since Biden took office in 2021, inflation has risen from 1 percent to 9.1 percent, and the S&P 500 shed $9 trillion from its market cap. There is also a risk of a recession and a housing market crash.
Moore pointed to bad policymaking as a cause of these problems.
"This is an anti-business administration," Moore said, referring to the Biden administration. "The problem is that if you don't have business growing, you're not going to have growth or jobs. You're not going to have revenues for government."
Recently, he co-authored a report for the Committee to Unleash Prosperity. The study found that 62 percent of the Biden administration have zero business experience.
Referring to the report's findings, Moore said, "That is a giant problem, in my opinion, because you have people who don't have a clue about how the economy works and how business works."
A long-time critic of COVID-19 spending and lockdown policy, Moore has suggested that excess spending led to inflation.
"Over the past two and a half years, we've spent and borrowed almost $5 trillion," he said. "That's an enormous amount of money and it's still in the system. So now the Fed, to get rid of this inflation, is going to have to sell off some of its balance sheet, because a lot of those government bonds are owned by the Fed right now… our big mistake was just spending so much money didn't have."
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| 'I'm really nervous about the housing market'; Former Trump advisor says another housing bubble is possible as 'red hot housing market' cools - Stephen Moore |
Trump to run in 2024?
Moore said that "Trump's policies were an enormous success," and that while he hasn't necessarily made up his mind on "advocating" for another Trump run, he believes that Trump will campaign for a second term in 2024.
He pointed out that Trump had been a polarizing figure. "Trump is his own worst enemy, and I say this as someone who likes Donald Trump. I worked for the guy. So it's a question of whether Americans will forgive him for his bad behavior."
Although he did not cite examples of Trump's alleged "bad behavior," Moore confirmed that he would work for Trump again.
"If [Trump] wanted me to [work for him again], I couldn't say no to him," said Moore.
To find out which about Moore's further thoughts on monetary and fiscal policy, watch the above video.
Follow Michelle Makori on Twitter: @MichelleMakori
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