Stephen Moore (economist)

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Stephen Moore
Stephen Moore by David Shankbone.jpg
Stephen Moore, September 2006
Born (1960-02-16) February 16, 1960 (age 54)
Chicago, Illinois
Nationality American
Occupation Economic analyst
Known for Club for Growth, Wall Street Journal

Stephen Moore (born February 16, 1960) is an American economic writer and policy analyst, who founded and served as president of the Club for Growth from 1999 to 2004. He was a member of the Wall Street Journal editorial board and frequently opines on the pages of their op-ed section. In 2014 the Heritage Foundation announced that Moore would become its chief economist. Moore is known for advocating free-market policies and supply-side economics.

Background and education[edit]

Moore grew up in New Trier Township, Illinois. He attended Saints Faith Hope & Charity School in Winnetka and graduated from New Trier High School in 1978.[1] He received a B.A. from the University of Illinois at Urbana-Champaign and an M.A. from George Mason University in economics.


From 1983 through 1987, Moore served as the Grover M. Hermann Fellow in Budgetary Affairs at the Heritage Foundation. Moore also was a fellow of the Cato Institute, a libertarian think tank.

Moore was the senior economist of the U.S. Congress Joint Economic Committee under Chairman Dick Armey of Texas.[2] There, he was also an architect of the Armey flat tax proposal in 1995. He was also part of the research team hired by Americans For Fair Taxation to create the FairTax, the most co-sponsored tax reform proposal in Congress.[citation needed]

Club for Growth[edit]

Moore founded the Club for Growth in 1999. He served as its president until his resignation in December 2004. His supporters credited him with raising $20 million to fund candidates for the 2004 elections.[citation needed]

Free Enterprise Fund[edit]

In 2005 he founded the 501(c)(4) Free Enterprise Fund with other prominent Club for Growth members including Arthur Laffer and Mallory Factor.[3] Under Moore’s direction, the Free Enterprise Fund lobbied for Social Security privatization, the permanent repeal of estate tax, and for tort reform.[4] It is also opposed to the Sarbanes–Oxley Act.

Wall Street Journal[edit]

On May 31, 2005, Moore left the Free Enterprise Fund to serve on the editorial board of the Wall Street Journal.[4][5]


He is currently a partner in the econometrics firm Arduin, Laffer & Moore Econometrics. In October 2012 Moore released his sixth book, Who’s The Fairest of Them All: The Truth About Opportunity, Taxes, and Wealth in America.[6] In 2004 he wrote the book Bullish on Bush: How George Bush's Ownership Society Will Make America Stronger,[7] and has co-authored a book titled Crash Landing: How Bush, Bernanke, Pelosi and Obama Have Wrecked the U.S. Economy to be released in 2014.[8]

Return to Heritage Foundation[edit]

On January 21, 2014, the Heritage Foundation announced that Moore would rejoin the think tank as chief economist.[9]

Personal life[edit]

Moore has three sons.[10][11]

Press and other media[edit]

Moore is a contributing editor for National Review and a frequent economics commentator on CNBC's Kudlow & Company. He also appears on Fox News’s On the Record w/ Greta Van Susteren. He is also a frequent commentator on CNN’s weekend program Your Money.

Moore appeared on the 10 October 2008, episode of Bill Maher’s HBO show Real Time with Bill Maher where Congressman Barney Frank accused him of distorting the truth, saying, “Frankly, I have more respect for you than the kind of pattern of distortion you engage in here,” in response to Moore’s suggesting that some Democrats in Congress take a favorable view of Venezuelan president Hugo Chávez, among others.[12]

He was interviewed in Michael Moore’s (no relation) 2009 film Capitalism: A Love Story. Moore appeared in a comedic segment, “Stephen Colbert’s Doom Bunker” on a 4 March 2009, episode of The Colbert Report, parodying a Glenn Beck report.

He appeared on the 5 April edition of Real Time with Bill Maher.[when?]

In We've Become a Nation of Takers, Not Makers, a 2011 op-ed for the Wall Street Journal, Moore argued that the government had become the largest employer in many marketplaces, and lamented the change this had brought for the American economy.[13]


  • It's Getting Better All the Time: 100 Greatest Trends of the Last 100 Years with Julian L. Simon (Cato Institute, 2000) ISBN 1-882577-97-3
  • Bullish On Bush: How George Bush's Ownership Society Will Make America Stronger (Madison Books, 2004) ISBN 1-56833-261-0
  • The End of Prosperity with Arthur B. Laffer and Peter Tanous (Threshold Editions, 2008) ISBN 1-4165-9238-5
  • Still an Open Door? U.S. Immigration Policy and the American Economy (American University Press, 1994)
  • Privatization: A Strategy for Taming the Deficit (The Heritage Foundation, 1988)
  • He is also the editor of Restoring the Dream: What House Republicans Plan to Do Now to Strengthen the Family, Balance the Budget, and Replace Welfare (Times Mirror, 1995).

Additional writings[edit]


Other offices
Preceded by
Organization Founded
President of the Club for Growth
Succeeded by
Pat Toomey