Quote:
Originally Posted by BFT3K
I didn't reply to this post for an argument, but okay... so what worked in 1921 will work today then? And wasn't 1921 just seven years before the great depression? Sounds like a great plan! [/sarcasm]
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If it worked before why would it not work again? Taking on massive amounts of debt, debasing ones currency and bailing out banks has never worked, yet that is that route we are going...
And Harding died in, I believe it was, 1923, while still in office. No one blames him for the Great Depression and in fact many say that the Great Depression should have been handled the same way Harding handled the Panic of 1921 and if it had been the Great Depression would have ended much sooner.