Lawrence Kudlow

Lawrence (Larry) Kudlow (born August 20, 1947), is an American conservative, supply-side economics advocate, and television personality. He is the host of CNBC's "Kudlow & Company". As a syndicated columnist, his articles appear in numerous U.S. newspapers and web sites, including his own blog, "Kudlow's Money Politic$".

Economic Philosophy

Kudlow opposes estate taxes, as well as taxes on dividends and capital gains. He also advocates that employees be compelled to make greater contributions to their pension and medical costs, suggesting that these expenses are an undue burden on corporations and defends high executive compensation as a manifestation of market forces and opposes most forms of government regulation. In general, he describes himself as a 'supply-side' economist, arguing that reducing taxes will increase governmental revenue through expansion of the overall economy. Lately however, he advocates wide ownership of stocks and frequently speaks of a broad "investor class" that includes most Americans and has now become a harsh critic of corporate corruption such as Enron, Worldcom, and other companies. [http://www.nationalreview.com/kudlow/kudlow012102.shtml ] [http://www.nationalreview.com/kudlow/kudlowprint012202.html ] [http://www.nationalreview.com/kudlow/kudlow012802.shtml ] [http://www.nationalreview.com/kudlow/kudlow111802.asp ] [http://article.nationalreview.com/print/?q=NmZlNzU0NWIyMDA5NDAzOGNmZWJiYTY3ZGFjZWFlZmM= ]

Early life

Kudlow was born into a Jewish family and grew up in New Jersey. Kudlow attended the Dwight-Englewood School in Englewood, New Jersey, from the second half of middle school to high school. At that school his class had a time at the beginning of the school day reserved for Roman Catholic prayers. ["The Interview: Lawrence Kudlow", from "The American Spectator", March 2001. "I remember that in this little prep school that I went to, the Dwight Englewood School in New Jersey, we had to say the Lord's Prayer in homeroom."]

1960s

Kudlow was educated at the University of Rochester in Rochester, New York and graduated in 1969 with a degree in history [ [http://www.rochester.edu/pr/Review/V65N2/feature5.html Rochester Review: The Optimist Reigns Again] ] and Princeton University's Woodrow Wilson School of Public and International Affairs, where he studied politics and economics but left before earning his degree. He was a classmate of Robert L. Johnson at Princeton.

1970s

Kudlow began his career as a Staff Economist at the Federal Reserve Bank of New York. He worked in a division of that bank that handled open market operations, which involve buying and selling bonds to help control inflation and interest rates. In 1976, when he was still a Democrat he worked on the U.S. Senate campaign of Daniel Patrick Moynihan along with Tim Russert against Conservative Party incumbent James L. Buckley, brother of William F. Buckley, Jr.

1980s

During the first term of the Reagan administration (1981-1985), Kudlow served as Associate Director for Economics and Planning in the Office of Management and Budget (OMB), which belongs to the Executive Office of the President. While he worked at the OMB, Kudlow was also the Washington, DC, reporter of CNN's news program "Business Morning", and an Advisory Committee member of the Federal Home Loan Mortgage Corporation, more commonly known as Freddie Mac. Fact|date=March 2007

At about this time, as acknowledged by Kudlow, he had problems with drug addiction, including alcohol and cocaine [ [http://lkmp.blogspot.com/2004/11/high-for-holidays_29.html Kudlow's Blog: High for the Holidays] ]

In 1986, Kudlow married his third wife, Judith Pond.

1990s

Then he was chief economist and senior managing director of Bear, Stearns & Company. He was fired in 1995 after his out-of-control drug use resulted in him missing an important client presentation. [ [http://query.nytimes.com/gst/fullpage.html?res=990CE7DF1231F937A35754C0A963958260 Economist Is Said to Enter A Six-Month Drug Program - New York Times ] ] He also served as an economic counsel to A.B. Laffer & Associates, which is the San Diego, California, company of Arthur Laffer, a major supply-side economist and purported creator of the Laffer curve, an economic theory tying lower taxation levels to increased government revenues, at least at some taxation rates.

He was a member of the board of directors of Empower America, a supply-side economics organization founded in 1993 and merged in 2004 with the Citizens for a Sound Economy to form FreedomWorks. Kudlow is also consulting chief economist for American Skandia Life Assurance, Inc., in Connecticut, a subsidiary of insurance giant Prudential Financial.

He has also contributed to the "Wall Street Journal," the "Washington Times," the "Cato Journal" of the Cato Institute and the "City Journal" of the Manhattan Institute for Policy Research, as well as the television shows "The McLaughlin Group", and has appeared as a guest on "The NewsHour with Jim Lehrer" and on "Wall Street Week." Kudlow's book "American Abundance: The New Economic and Moral Prosperity" (ISBN 0-8281-1117-0) was published by HarperCollins on December 1, 1997.

Kudlow belongs to the Union League Club of New York, the Princeton Club, the Capitol Hill Club and the Women's National Republican Club, and co-founded the Club for Growth. He also serves as a member of the Fordham University Board of Trustees.

Kudlow converted to Roman Catholicism in the mid-1990s. It was during this time that he entered the twelve-step program to deal with his drug and alcohol problems.

2000s

Kudlow became Economics Editor at "National Review Online" (NRO) in May 2001.

In August 2001, Kudlow was paid about US$50,000 to give a public speech to Enron employees and to serve on an advisory board, [ [http://www.nationalreview.com/kudlow/kudlowprint012202.html National Review Online: Shreds of Evidence] ] which later drew criticism from various writers such as senior "Salon.com" writer Eric Boehlert, [ [http://www.salon.com/tech/feature/2002/01/31/enron_pundits/print.html Salon.com: Andrew Sullivan's selective Enron outrage] ] who claimed that Kudlow wrote positive articles repeatedly about Enron without disclosing his relationship with the company.

On June 26, 2002, in a commentary by Kudlow in NRO titled " [http://www.nationalreview.com/kudlow/kudlow062602.asp Taking Back the Market — By Force] ", Kudlow called for the US to attack Iraq because "a lack of decisive follow-through in the global war on terrorism is the single biggest problem facing the stock market and the nation today." Kudlow was one of 250 economic experts to sign an open letter dated February 12 2003 endorsing George W. Bush's policies on economic growth and jobs. [ [http://www.whitehouse.gov/news/releases/2003/02/20030212-2.html Letter to the President on economic growth] ] In April 2005, New York governor George Pataki included Kudlow in a six-members state tax commission.

He co-hosted "Kudlow & Cramer" on CNBC with Jim Cramer until 2005-01-28, and then solo for two weeks until 2005-02-11. The program's name was changed to "Kudlow & Company" on Monday, 2005-02-14. Kudlow is a regular guest on "Squawk Box". He has contributed to CNBC.com on MSN. He also serves on WABC-AM's "The John Batchelor Show" as a co-host on Tuesdays and as a substitute. In March 2006, Kudlow started to host a radio talk show on politics and economics on WABC (AM). He started a blog named " [http://www.moneypolitics.net Kudlow's Money Politic$] " in October 2004.

Kudlow lives with Judy and their dog Joyful in Redding in Fairfield County in southwestern Connecticut. His hobbies include tennis and golf. Kudlow had a hip replacement surgery in mid July 2005.

Kudlow is a "Distinguished Scholar" at the Mercatus Center of George Mason University. [ [http://www.mercatus.org/People/id.110,cfilter.0/people.asp Mercatus Center: Lawrence Kudlow - Distinguished Scholar] ] He is also a member of the Catholic Advisory Board of the Ave Maria Mutual Funds. [ [http://www.avemariafunds.com/board.htm Catholic Advisory Board Members of the Ave Maria Mutual Funds] ]

Kudlow has recently pledged to join the Pepperdine University School of Public Policy's Political Economy Institute as a lector and advisor. [ [http://publicpolicy.pepperdine.edu/kemp-institute/committee/ Jack Kemp Institute at Pepperdine University's School of Public Policy] ]

ee also

* Supply-side economics
* American conservatism

Bibliography

*"American Abundance: The New Economic & Moral Prosperity", 1997-12-01, HarperCollins, ISBN 0-8281-1117-0
*"Bullish On Bush: How George Bush's Ownership Society Will Make America Stronger", 2004-10, Rowman & Littlefield, ISBN 1-56833-261-0, authored by Stephen Moore and with comments by Kudlow
*"Tide: Why Tax Cuts Are the Key to Prosperity and Freedom", 2005-09-30, HarperCollins, ISBN 0-06-072345-9 (audio CD)

Notes

External links

* [http://www.townhall.com/columnists/larrykudlow/archive.shtml Townhall.com: Conservative Columnists: Larry Kudlow] (syndicated columns)
* [http://author.nationalreview.com/?q=MjE0OA= Archived columns] at "National Review" online
* [http://www.outloudopinion.com Podcasts of Kudlow's articles]
* [http://www.kudlowsmoneypolitics.blogspot.com/ Kudlow's Money Politic$] (blog; previously [http://www.lkmp.blogspot.com/ here] ; also http://www.moneypolitics.net)
* [http://www.kudlow.com/ Kudlow & Company consulting firm]
* [http://www.avemariafunds.com/ Ave Maria Mutual Funds site]

Biographies

* [http://www.americanskandia.prudential.com/page/0%2C2225%2C5433%2C00.html?furl=%2Fpage%2FLawrence%5FKudlow%5Fbio American Skandia - Lawrence Kudlow Biography]
* [http://www.cnbc.com/id/15838083/ Larry Kudlow biography] on CNBC.com
* [http://www.kudlow.com/corporate/bio.asp Lawrence Kudlow & Company] Kudlow & Company Biographies - Lawrence Kudlow, CEO
* [http://www.townhall.com/columnists/LawrenceKudlow Larry Kudlow bio] on Townhall.com

Videos

* [http://online.wsj.com/public/page/0,,8_0000-OdcmTo|OCo7sfgXasBkHwZz1i7e5eeS8-HoZ|7u2DwDb7an4fzRzQy5EoTD|wa2KV,00.html?mod=video_center April 15, 2005 - Kudlow & Co. - Snow on the Issues]