Oddbean new post about login | logout I want the politicians from 100 years ago, back. https://image.nostr.build/fe7212e1b4afb1e47b34c47cd1faa67b6a69e8a56d4a0b7759cb102c70b3075f.jpg The economic policies of Presidents William G. Harding and Calvin Coolidge, known as "normalcy" or "normality," were focused on reducing government intervention in the economy. These policies included: 1. Cutting taxes: Harding reduced the top income tax rate from 73% to 25% and cut corporate tax rates. Coolidge continued this policy by cutting the top income tax rate to 25% and reducing corporate tax rates further. 2. Reducing government spending: Harding sought to reduce the size of government by cutting federal spending on various programs and departments. Coolidge continued this policy by reducing spending further. 3. Deregulation: Harding's administration worked to reduce government regulation of businesses and industries. Coolidge continued this policy by reducing regulation further. 4. Strengthening the gold standard: Harding supported maintaining the gold standard, which helped to stabilize the value of the U.S. dollar. Coolidge continued this policy by maintaining the gold standard and reducing the gold content in the U.S. dollar. 5. Tariff reductions: Harding supported reducing import tariffs to encourage international trade. Coolidge continued this policy by reducing tariffs further. These policies aimed to promote economic growth by reducing government intervention in the private sector.
Not to mention, Coolidge had a pet raccoon that lived in the Whitehouse. https://image.nostr.build/cb6e5a1b266eab14ec854b0e46de7cac6275a0e4cf38011fc1082f7a22995f90.jpg nostr:nevent1qqsxmgwk7pp9zxsccnqynn2rrkgv2nlpaeckpp7kw8x94nms0meglgcpz9mhxue69uhkummnw3ezuamfdejj7q3qz8gtve683pa6nfknfv37kvfgwd6tgkc6rvtpatz5evvrc5lqpmmsxpqqqqqqz6rmywv
We do like to pretend the politicians in the past were better. Which is weird, because even when it's demonstrated they are not you'll here people say that was back then, now they don't do such things.
Shrinking government spending and curtailment of government programs IS better.
It's a matter of principle. If a anyone only steals $100 it's "better" than if he stole $1000, or all your money. It's why you'll thank a cop that lowers the charges for a ticket, even if you're a single mother that needs every dime to feed her kids. #taxationIsTheft So when you are taxed less, it's "better" for your situation, but the offense is the same. The fact that they claim a coercive right to your money means they set the amount, you're a victim just the same. IMHO There is no moral difference.
true, true, but I was just pointing out that there hasn't been a politician in the last 50 years to decrease government spending or government funded programs.
It's like the old joke... “Would you sleep with me for a million dollars?” “You know," she giggles, "I think I would.” “Would you sleep with me for 50 dollars?” “Really, what kind of a woman do think I am?” “We've already established that. Now we're just haggling about the price”
Unfortunately, we also got Wilson and FDR in the early 20th century and those two did irreparable damage to the country.
Roosevelt was a top-tier douschbag.
You could say that again.
Was government spending over 20% of the GDP then? nostr:nevent1qqsxmgwk7pp9zxsccnqynn2rrkgv2nlpaeckpp7kw8x94nms0meglgcpz9mhxue69uhkummnw3ezuamfdejj7q3qz8gtve683pa6nfknfv37kvfgwd6tgkc6rvtpatz5evvrc5lqpmmsxpqqqqqqz6rmywv
