Ludwig von Mises

Prophet Motive
March 31, 1997

Jude Wanniski, who does not bother with the pretense of false modesty, calls himself "the most influential political economist of the last generation." He's right, too. This is a man who single-handedly transformed the discombobulated murmurings of a fringe sect into the central idea of modern economic conservatism. The idea was called supply-side economics, and it was, not very long ago, considered antithetical to every principle of conservative economic theory. Wanniski's pet idea gave Republicans, and conservatives, what they had been lacking for fifty years: a taxing policy that could comp