“The trade deficit always goes up when the economy is strong and plummets when the economy sinks, as it did during both the Great Depression of the 1930s and the Great Recession of 2008-09.”

American economist, writer, and conservative television commentator

Stephen Moore is an American economist, writer, and conservative television commentator. He worked in policy and media circles for decades, and is known for his advocacy of tax cuts and supply-side economics. He co-founded the Club for Growth and served as its president from 1999 to 2004. Moore also served on The Wall Street Journal editorial board and worked at The Heritage Foundation from 1983 to 1987, and again from 2014. His columns have appeared in The Wall Street Journal, The Washington Times, The Weekly Standard, and National Review.