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[–] BoiseNTheHood 1 point -1 points (+0|-1) ago  (edited ago)

Coolidge has long been smeared by leftists, who have an interest in making laissez-faire economic policies out to be the devil, but anyone who knows anything about economics will tell you that Hoover and/or the Fed were to blame for the Depression.

When Harding and Coolidge faced a depression of their own in 1921, they slashed spending while the Fed hiked the discount rate - the exact opposite of Hoover and FDR's response to the Great Depression. The 1921 depression is forgotten mostly because Harding and Coolidge's approach worked - the economy had started to make a full recovery within a year of the crash. It also doesn't fit the big-government narrative, hence why it's kept out of history class in school and rarely mentioned in the media.