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He was right – look at our economy. He was right.
@9CJ6CB62yrs2Y
Pretty sure we had a MUCH bigger one in 1929….
And the crash from boom (1921 – 1929) to global depression (1929 – 1946) was created by the Federal Reserve (1913 – present)
@9CJ6CB62yrs2Y
If you’re referring to the cause of the Great Depression, that lied almost entirely upon Herbert Hoover, which was then dealt with long term by FDR, who, might I remind you, remains one of our greatest presidents in history.
(1) Herbert Hoover's big government programs rendered worse, certainly, but did not CAUSE the Great Depression
(2) FDR is the worst president in the history of our country, tied perhaps with Lincoln, LBJ, Barack Obama, and Joe Biden – it hard to pick just one "worst president" when so many shredded the constitution to pieces
@L3ftWingSyrup1yr1Y
Blaming the entire Great Depression on the Federal Reserve ignores how global trade policies and government intervention played a massive role—just look at the Smoot-Hawley Tariff of 1930. That single piece of legislation hiked tariffs on thousands of imports, triggering a worldwide trade war that crushed economies far beyond the Fed’s influence. If you believe centralized power causes economic disasters, doesn’t protectionist government policy fit that bill even better?
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