Kudlow’s Money Politics

Reagan’s Boom

The United States has been blessed with virtually uninterrupted prosperity for 25 years.

Over the past 100 quarters beginning in 1982, only five of them have been negative. Five. That means American workers and their families have been in prosperity 95 percent of the time.

It wasn’t always so good. As my friend Brian Wesbury noted on last night’s show, between 1969 and 1982, the US economy slogged through recession 33 percent of the time.

The credit for this remarkable economic transformation belongs to Ronald Reagan.

It was his sound economic vision and leadership that struck the match underneath this roaring American economy. It was his pro-growth policies of slashing taxes, deregulating, disinflation, and all the rest of it, that produced our nearly three decade long track record of success.

Since then, our strong, resilient, capitalist economy has been charging full steam ahead, one president after another. And for the most part, Reagan’s successors have been good stewards of their bounty.

But the real credit belongs to Reagan.

Larry Kudlow — Larry Kudlow is CNBC’s senior contributor. His new book is JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

Most Popular

Film & TV

In Unsane, Aetna Meets Kafka

Unsane doesn’t take the form of a horror film; at first, it appears to be a Hitchcockian thriller about mistaken identity or perhaps getting ensnared in a web of bureaucracy. Yet with clinical detachment it develops into a nerve-flaying story almost too agonizing to endure. Unlike most horror movies, it isn’t ... Read More

Viva l’Italia?

Italy has just had elections, with very interesting results. I wanted to talk with Alberto Mingardi, which I have. He is one of the leading classical liberals in Italy -- the director general of the Bruno Leoni Institute, in Milan. (Mingardi himself is Milanese.) He is also an authority in arts and letters. In ... Read More

Putin and the Cult of Leadership

On Sunday, Russian dictator Vladimir Putin won an unsurprising reelection-campaign victory against Communist Party candidate Pavel Grudinin, by a margin of 76.7 percent to 11.8 percent. The results were unsurprising because Putin is a tyrant who murders or imprisons political rivals, and who isn’t afraid to use ... Read More

Trump and Brexit Derangement Syndrome

I am not one of those Brexiteers who believe that Brexit and Trumpism are essentially the same phenomenon in two different countries. To be sure, they both draw on some of the same political trends, notably a distrust of elites and an upsurge of popular anger over evident failures of public policy such as illegal ... Read More

Stand Up to Putin

President Putin’s landslide victory in Russia’s presidential election was achieved against the lackluster competition of a group of mediocre candidates from which the sole serious opponent had been excluded; amid plausible allegations that his security services had tried to poison two Russians in England by ... Read More