“We believe that free market capitalism is the best path to prosperity!”
I met Larry Kudlow at the Rainbow Room on Wednesday, November 16, 2005, at the Pajamas Media rollout party. Pajamas Media was having a momentary identity crisis, and we found out almost then that it was making its debut as OSM: Open Source Media instead.
There were a hundred people or so at the event, so I’m sure Mr. Kudlow doesn’t remember me, but here’s how it went:
Milton Friedman and Louis Rukeyser were instrumental in my transformation from a socialist to a capitalist, and I must partly thank PBS for that. As an economics/business major, I had read Friedman’s books, and they were pivotal to my change. (Years later, PBS aired Friedman’s Free to Choose series – which you can now watch on YouTube for free by courtesy of the Palmer R. Chitester Fund). While I was still in college, I started watching Louis Rukeyser’s Wall Street Week (W$W), which aired on PBS every Friday at 7:30PM. Friedman was a guest in the show.
I was a fan of the show for its entire run, from 1972 to 2002. There’s even a photo of me with my newborn son watching W$W on the day he was born.
In 2002 Rukeyser moved to CNBC, and he ended his show in 2004 due to his battle with cancer.
Larry Kudlow was a regular panelist in both shows, and, at the Pajamas party, I went over and introduced myself. Mr. Kudlow looks exactly as he does on TV, he’s shorter than I expected, and was (characteristically) very well dressed.
I started by asking him to tell Mr. Rukeyser, if he had a chance, that he was in my family’s prayers and convey our best wishes. Mr. Kudlow was most gracious, and he described how Mr. Rukeyser was the only person who would invite him to their show after Mr. Kudlow’s recovery following a scandalous and very public fall from grace due to his addictions. Mr. Kudlow also explained his conversion to Catholicism, as Catholics took him in during the time when he struggled to pry himself away from his disease. It was a remarkable conversation, and before we parted he mentioned again he’d convey my message to Mr. Rukeyser, whom he saw often.
CNBC started a show, Kudlow & Cramer, which I didn’t watch too often because I find Cramer annoying. Later on Kudkow got his own show, and I watched frequently (mostly while preparing dinner).
The Kudlow Report (and its earlier version, Kudlow and Company) was, without a doubt, the best moneypolitics show on the air. Differing, opposite, views were discussed civilly, and with clarity. It is entirely to Mr. Kudlow’s credit that he maintained such high standards on each and every broadcast.
Last night was The Kudlow Report’s last show. During his closing speech, Mr. Kudlow gave witness to his faith, movingly saying he “replaced addiction with faith.” He will continue as a CNBC contributor in other shows.
I wish Mr. Kudlow the best, and thank him for inspiring and encouraging Americans to prosper and grow.