Like perms, Members Only jackets and Duran Duran, their economic theories were big in the go-go 1980s. Now they're back.
Whether Moore can survive the scrutiny and pass muster with the Senate will be a test of the supply-siders’ renewed cachet. They believe they can pull it off.While he undergoes vetting, Moore, over coffee at the Kimpton George Hotel on Capitol Hill, held forth with surprising candor about his pals and their relationship with Trump.
Moore described some of his recent conversations with Trump, which often turn to Fed Chairman Jerome Powell. Laffer declined to detail his discussions with Trump, other than to confirm the pro-Kudlow campaign. "I don’t think Steve should've told you that,” he said. “But that's true, yes." Reagan would go on to fully embrace supply-side theory, a shift from the party’s traditional emphasis on fiscal discipline, appointing Laffer to his Economic Policy Advisory Board.
In the 1988 presidential primary, another supply-sider, the late New York congressman Jack Kemp, lost out to George H.W. Bush, curtailing the crew’s influence within the party. The next year, Kudlow crashed to earth—he left the bank and entered rehab for alcohol and cocaine addiction. Laffer stuck by Kudlow, hiring the investment banker to work for his consulting firm in California when he emerged.
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