Lawrence Kudlow
Lawrence (Larry) Kudlow (born August 19, 1947), is an
American conservative, supply-side economics enthusiast and television personality.
Kudlow currently hosts the TV program Kudlow & Company on
CNBC. Kudlow is also the economics editor for National
Review (a political magazine) and its online complement, National Review
Online. He is also the CEO of his own consulting firm, Kudlow and
Company. A syndicated columnist, his articles appear in numerous U.S.
newspapers and web sites. He also runs his own blog,
Early life
Kudlow grew up in a Jewish family in New Jersey, although he converted to Catholicism as an adult. Beginning in his early adulthood, Kudlow has admitted to having problems with drug addiction, including alcohol and cocaine abuse.[1] 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.
1960s
Kudlow was educated at the University of Rochester in Rochester, New York, (graduated 1969 with a degree in history)[2] and Princeton University's Woodrow Wilson School of Public and International Affairs in Princeton in central New Jersey, where he studied politics and economics but left before earning his degree. While at Rochester, he was an active member of the left-wing Students for a Democratic Society (SDS.)
1970s
Kudlow began his career as a Staff Economist at the Federal Reserve Bank of New York, one of the twelve Federal Reserve Banks in the U.S. 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.
1980s
Kudlow was an unsuccessful Democratic Party candidate for Congress in a New Jersey race in 1982. Later, 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. [citation needed]
In 1986, Kudlow married his third wife, Judith Pond, who was born in Montana. Judith moved with Larry to the New York City area, where she studied realist painting at the Art Students League of New York and started working as a painter.
1990s
Later, he was chief economist and senior managing director of Bear, Stearns & Company. He resigned in March 1995. 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 low taxation levels to increased government revenues. See Rolle's Theorem.
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
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
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 has been a Roman Catholic since his conversion 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$50,000 to give a public speech to Enron employees and to serve on an advisory board,[3] which later drew criticism from various writers such as senior Salon.com writer Eric Boehlert,[4] who claimed that Kudlow wrote positive articles repeatedly about Enron without disclosing his relationship with the company.
On June 26, 2002, in a commentary by Kudlow in NRO titled "Taking Back the Market — By Force", Kudlow called for the US to attack Iraq because "a lack of decisive follow-through in the global war on terrorism is the single biggest problem facing the stock market and the nation today." Kudlow was one of 250 economic experts to sign an open letter dated February 12 2003 endorsing George W. Bush's policies on economic growth and jobs.[5] In April 2005, New York governor George Pataki included Kudlow in a six-members state tax commission.
He co-hosted Kudlow & Cramer on CNBC with Jim Cramer until 2005-01-28, and then solo for two weeks until 2005-02-11. The program's name was changed to Kudlow & Company on Monday, 2005-02-14. Kudlow is a regular guest on Squawk Box. He has contributed to CNBC.com on MSN. He also serves on WABC-AM's The John Batchelor Show as a co-host on Tuesdays and as a substitute. In March 2006, Kudlow started to host a radio talk show on politics and economics on WABC (AM). He started a blog named Kudlow's Money Politic$ in October 2004.
Kudlow lives with Judy in Redding in Fairfield County in southwestern
Kudlow is currently CEO of his own consulting firm, Kudlow & Company. Kudlow is a "Distinguished Scholar" at the Mercatus Center of George Mason University.[6] He is also a member of the Catholic Advisory Board of the Ave Maria Mutual Funds.[7] Kudlow and Arthur Laffer are the Policy Co-Chairmen of the Free Enterprise Fund.[6]
See also
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
- ^ Kudlow's Blog: High for the Holidays
- ^ Rochester Review: The Optimist Reigns Again
- ^ National Review Online: Shreds of Evidence
- ^ Salon.com: Andrew Sullivan's selective Enron outrage
- ^ Letter to the President on economic growth
- ^ Mercatus Center: Lawrence Kudlow - Distinguished Scholar
- ^ Catholic Advisory Board Members of the Ave Maria Mutual Funds
External links
- Kudlow's Money Politic$ (blog; previously here; also http://www.moneypolitics.net)
- Kudlow & Company consulting firm
- Townhall.com: Conservative Columnists: Larry Kudlow (syndicated columns)
- Archived columns at National Review online
- Ave Maria Mutual Funds site
- Larry Kudlow page at Facebook
Biographies
- American Skandia - Lawrence Kudlow Biography
- Larry Kudlow biography on CNBC.com
- Lawrence Kudlow & Company Kudlow & Company Biographies - Lawrence Kudlow, CEO
- Larry Kudlow bio on Townhall.com
Videos
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