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Before I tell you why I quit, let me first tell you what attracted me to the Larryâ??s show. Larry, as a supply-side economist, was a refreshing change of pace in a media environment which seems to gravitate towards hostility to markets. Keynesian analytical tools were so dominant that most analysts seemed unaware that there was any alternative. Stimuluses would stimulate. Inflation came from too much economic growth. Tax cuts caused deficits. Period. Kudlow took the set of analytical tools which he got from Art Laffer and Jude Wanniski and Steve Forbes, opened the shutters, and let a little light come into the dusty little world of Keynesian commentary. Investors, who tend to be entrepreneurs themselves, intuitively â??getâ?? supply-side economics because they themselves are the suppliers. When Kudlow appeared, they took notice. The network noticed that the audience was noticing Kudlow. But they were wary, because Larry was a conservative. Following the standard network rule that conservatives must always be counterbalanced, the network teamed the Republican Kudlow up with the Democrat Cramer and Kudlow and Cramer was born. The show did reasonably well, and eventually the two were broken up and each ended up with a show of his own, proving the old adage (which I just invented) that â??There is nothing we canâ??t accomplish if we donâ??t work together.â? The two shows each did better than the combined show had done.
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