David Warsh of Economic Principals writes about what he perceives to be a subtle change on The Wall Street Journal‘s editorial board.
Warsh writes, “I mention it here because a change took place last week in the WSJ department in which Murdoch may have an interest in changing things somewhat in the orientation of its editorial board. I refer to the departure of Stephen Mooreto the Heritage Foundation.
“Moore was the board’s chief economic commentator, a founder of the Club for Growth, enthusiast of Tea Party ideals, possessor of a master’s degree from George Mason University and a disciple of Arthur Laffer and Julian Simon.
“Alex Nowrasteh, of the Cato Institute, writing on the Forbes website, is probably right when he ascribes Moore’s choice of think-tank as a way of signaling a shift in the previously strong Heritage opposition to immigration reform.
“But what about the reasons he left? The WSJ editorial page is a position of enormous influence, thanks in large part to its devotion to sound microeconomics – no one has a better eye for governmental foibles. Depending on how Moore is replaced, the opportunity exists for Murdoch’s paper to play a constructive role in fiscal policy, too – perhaps even to modulate the spirit of intransigence that dates back to 1972, when editor Robert Bartley and Jude Wanniski initiated a new era of political economic discourse in US politics. (The mutual contempt of the news staff and editorialists that arose in those days apparently continues unabated.)”
OLD Media Moves
Subtle change at WSJ editorial board
January 27, 2014
Posted by Chris Roush
David Warsh of Economic Principals writes about what he perceives to be a subtle change on The Wall Street Journal‘s editorial board.
Warsh writes, “I mention it here because a change took place last week in the WSJ department in which Murdoch may have an interest in changing things somewhat in the orientation of its editorial board. I refer to the departure of Stephen Moore to the Heritage Foundation.
“Moore was the board’s chief economic commentator, a founder of the Club for Growth, enthusiast of Tea Party ideals, possessor of a master’s degree from George Mason University and a disciple of Arthur Laffer and Julian Simon.
“Alex Nowrasteh, of the Cato Institute, writing on the Forbes website, is probably right when he ascribes Moore’s choice of think-tank as a way of signaling a shift in the previously strong Heritage opposition to immigration reform.
“But what about the reasons he left? The WSJ editorial page is a position of enormous influence, thanks in large part to its devotion to sound microeconomics – no one has a better eye for governmental foibles. Depending on how Moore is replaced, the opportunity exists for Murdoch’s paper to play a constructive role in fiscal policy, too – perhaps even to modulate the spirit of intransigence that dates back to 1972, when editor Robert Bartley and Jude Wanniski initiated a new era of political economic discourse in US politics. (The mutual contempt of the news staff and editorialists that arose in those days apparently continues unabated.)”
Read more here.
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