The size of the federal government was cut, taxes slashed, social engineering was eliminated on the federal levels....
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Really nice to see Conservative Economic theory try to prove it was right by changing history. This is one to consider the source and just move on. Failed
IMHO - The greatest mistake FDR made was to institute policies that saved "Capitalism" instead of instituting real socialism with strong unions and wide spread prosperity instead of setting up the Military-Industrial complex that is destroying the country. I believe that our current president has missed a similar opportunity to crush crooked crony capitalism for the benefit of most of us at the expense of the corruption on Wall Street and in Washington DC.
I have read about Presidents Harding and Coolidge and consider both of them and their policies to be one of the worst administrations ever. Effectively they allowed the Wall Street thieves to steal nearly everyone’s savings, investments and pensions. It was even a bigger rip off than the recent housing speculation bubble. Both were the result of nearly complete government financial irresponsibility.
Cal Coolidge was a great president and one of the greatest men to ever live. The Fed Reserve (an institution foisted on us by Demoncrat Woody Wilson) undermined him (Fed Chair Ben Strong cut the interest rate by 150 basis points in order to bail England out). Under Coolidge's watch, unemployment was 1%, gov't cronynism was at an alltime low, and the KKK influence in fed gov't was greatly diminished. Collidge also expanded the freedoms of American Indians. Great, great man.
Unions are a primary reason why we have the mess we have. They're the enemies of immigrants and folks with less skills/education, it's an insider's game basically. In the early 30s, AA unemployment was lower than w. unemployment but once min. wage got instituted (thanks to union support, of course), that reversed and now young AA unemployment is at all-time high.
IIRC we were on a Gold based currency during and after WW1.
Most of the developed world was on it, but the question is were all countries' system properly measured in gold? I reckon England's was overpriced, while France's was perfect.
Cal Coolidge was a great president and one of the greatest men to ever live. The Fed Reserve (an institution foisted on us by Demoncrat Woody Wilson) undermined him (Fed Chair Ben Strong cut the interest rate by 150 basis points in order to bail England out). Under Coolidge's watch, unemployment was 1%, gov't cronynism was at an alltime low, and the KKK influence in fed gov't was greatly diminished. Collidge also expanded the freedoms of American Indians. Great, great man.
Quote:
Originally Posted by Edmund_Burke
Unions are a primary reason why we have the mess we have. They're the enemies of immigrants and folks with less skills/education, it's an insider's game basically. In the early 30s, AA unemployment was lower than w. unemployment but once min. wage got instituted (thanks to union support, of course), that reversed and now young AA unemployment is at all-time high.
Quote:
Originally Posted by Edmund_Burke
Most of the developed world was on it, but the question is were all countries' system properly measured in gold? I reckon England's was overpriced, while France's was perfect.
Many don't know it and many more refuse to know it.
Getting out of the way, proved prosperous for the private sector.
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