Friday, September 09, 2005

The Way the World Works

As hurricane Katrina was bearing down on New Orleans, a hurricane of another sort was passing from this world. Jude Wanniski, the journalist/economist who brought "supply-side economics" into the Reagan administration and prosperity to America, died of a heart attack on August 29, 2005.

Read this tribute by Robert Novak and then go read Jude's book , The Way the World Works, and then check out Supply-Side University if you truly want to understand economics.

In the several brief email exchanges I had with him, Jude was terse and no-nonsense in replies to my questions and comments. We disagreed on a couple of things, but I gained a perspective that would have been missed otherwise. Jude was not easily dissuaded from his opinions and often alienated those who weren't willing to take the risks he was to understand people and ideas, particularly the unpopular people and ideas. One thinks that he might have been more successful overall if he had not been so forthright in voicing his thoughts, but then that wouldn't have been Jude. We can be grateful that the legacy of written work he has left behind is available on the web for all to see and learn from. He gave away knowledge for free, asking only an honest effort to understand.

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