The Insider
The Insider
How the Kiplinger Newsletter Bridged Washington and Wall Street
When Willard M. Kiplinger launched the groundbreaking Kiplinger Washington Letter in 1923, he left the sidelines of traditional journalism to strike out on his own. With a specialized knowledge of finance and close connections to top Washington officials, Kiplinger was uniquely positioned to tell deeper truths about the intersections between government and business. With careful reporting and insider access, he delivered perceptive analysis and forecasts of business, economic, and political news to busy business executives, and the newsletter’s readership grew exponentially over the coming decades.
More than just a pioneering business journalist, Kiplinger emerged as a quiet but powerful link between the worlds of Presidents Hoover and Roosevelt, and used his Letter to play a little-known but influential role in the New Deal. Part journalism history, part biography, and part democratic chronicle, The Insider offers a well-written and deeply researched portrayal of how Kiplinger not only developed a widely read newsletter that launched a business publishing empire but also how he forged a new role for the journalist as political actor.
'Wells has once again broadened the aperture of journalism history to encompass a long-established and vibrant form of journalism on which scholars rarely focus. The wider the lens of journalism history can be, the deeper our understanding of its role will be.'—Elliot King, H-Net
'W.M. Kiplinger’s life and work have never been studied in depth by historians of journalism—until now, in a new scholarly book by Professor [Rob] Wells . . . The book focuses on Kiplinger’s work in the 1930s, a chaotic, contentious time in America.'—Kiplinger's
‘Politico, Axios, and Substack are rightly heralded for offering innovative newsletters, distinguished by insider accounts, smart brevity, and personal voice. But Wells makes a compelling case that The Kiplinger Washington Newsletter combined all these elements in the 1930s. Like its topic, The Insider is insightful, analytical, and highly readable.’—James T. Hamilton, author of Democracy’s Detectives: The Economics of Investigative Journalism
‘Kiplinger, his newsletter, and his news coverage were all important in this country’s journalism history and there has been little historical research on them. Drawing on sources that have not previously been used, including company archives and personal letters between Kiplinger and New Deal officials, The Insider is a significant contribution.’—Chris Roush, author of The Future of Business Journalism: Why It Matters for Wall Street and Main Street
‘With compelling detail, The Insider tells the story of one of financial journalism’s most important—but elusive—historical figures. Willard Kiplinger forged a unique form of journalism and established a veritable dynasty, yet he has remained largely unknown to media scholars. Rob Wells corrects that with masterful writing and expert analysis. This book is a must-read for historians and anyone interested in understanding a pivotal period for US capitalism.’ —Tracy Lucht, author of Sylvia Porter: America's Original Personal Finance Columnist
ROB WELLS is visiting associate professor at the Philip Merrill College of Journalism at the University of Maryland.
