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To: Chad C. Mulligan; Tennessee Nana
You DID mean that sarcastically, right?

I was merely quoting the lyrics of the song "Those Were the Days" - the theme song of the popular 1970s t.v. series "All in the Family" - which I assumed was being referenced here (though with the humorous substitution of "Calvin Coolidge" for "Herbert Hoover").

Regards,

20 posted on 03/10/2024 6:56:47 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: alexander_busek

I got it.


21 posted on 03/10/2024 6:58:59 AM PDT by Tax-chick (Sounds like a great idea, with the best of intentions. What could possibly go wrong?)
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To: alexander_busek

The article is as serious as a heart attack. The Coolidge and Mellon team was the last to attack a recession correctly, cutting spending and cutting taxes, making it short and shallow, leading into the boom of the 1920s.

FWIW Hoover, who was trained as an engineer, approached the 1929 downturn with a severe program of adminomania, turning a recession into a depression. FDR, who was an economic idiot, doubled down on the adminomasia theme, and made it into the Great Depression. We have never recovered, partly thanks John Maynard Keynes, who enshrined adminomania as a permanent policy in 1936.

Amity Schlaes wrote what has to be the definitive biography of Coolidge, published about ten years ago.


35 posted on 03/10/2024 9:13:07 AM PDT by Chad C. Mulligan
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