Economist Jude Wanniski, the man who coined the term "supply-side economics," died of a heart attack earlier today at 69.
The former WND columnist was founder and chairman of Polyconomics, Inc., and author of the 1978 book "The Way the World Works," named one of the 100 most influential books of the 20th century by the editors of the National Review. At the heart of the book is his 1978 discovery of the cause of the 1929 stock market crash, a discovery that vindicates the classical economics.
He became a somewhat controversial figure in the conservative movement at the beginning of 2003 when he vocally opposed the impending US war with Iraq. On October 27, 2004, he publicly denounced George W. Bush, saying that "Mr. Bush has become an imperialist — one whose decisions as commander-in-chief have made the world a more dangerous place". Eventually Wanniski endorsed the Democratic candidate, John Kerry, although he clearly preferred the Republican platform on issues related to taxation.