Word: wanniski
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...part, on its origins. In a sense, it was born one evening in December 1974, in the Two Continents restaurant in Washington, D.C. Three men were sipping drinks: Arthur Laffer, a young economist with an early-Beatles haircut who was considered a maverick by many of his colleagues; Jude Wanniski, an editorial writer for the Wall Street Journal; and Richard Cheney, a White House aide under President Ford...
...notion of returning to the gold standard comes from the same supply-side economists who fostered the cuts in personal income taxes that President Reagan is now trying to get through Congress. Such supply-siders as Economist Arthur Laffer and Consultant Jude Wanniski have been putting the gold bug in politicians' ears for the past several years. Republican Congressman Jack Kemp of New York, co-author of the Kemp-Roth tax-cut bill, says that he plans to take up the gold banner as soon as he has completed his drive to lower taxes. Republican Congressman Ronald Paul...
Laffer and Wanniski have now been shunted aside, and Kemp, while he still campaigns hard for Reagan, is no longer regarded as an influential issues adviser. The current program was shaped by study groups organized by Martin Anderson, a conservative economist who was an adviser on domestic affairs in the Nixon Administration. The panels included Alan Greenspan, former chairman of the Council of Economic Advisers and a member of TIME's Board of Economists, George Shultz, former Secretary of the Treasury, and Charls Walker, a leading tax expert. The group is sometimes joined by Arthur Burns, conservative chairman...