Thread replies: 4
Thread images: 1
Thread images: 1
File: Calvin-Coolidge-shooting-gun-e1359474603689.jpg (136KB, 630x863px) Image search:
[Google]
136KB, 630x863px
>history lecture at uni
>we're studying the Great Depression
>"The laissez-faire economics ushered in by Calvin Coolidge caused the Great Depression" t. professor
Are people really this idiotic? How can an economic system be laissez-faire when there is a central bank, permanent income tax, and military-Keynesianism (see Banana Wars)? Even if era could be described as laissez-faire, how did it cause the Great Depression? Even Bernanke himself admitted the fraudulent policies of the federal reserve led to the Depression.
>>
>>902669
Presidents had very little effect on governance at that time, too.
The current era of a strong leading president didn't get ushered in until FDR became president.
>>
>>902669
>Are people really this idiotic?
Yes. Everyone has an ideology. And everyone will defend that ideology to the (intellectual) death
>>
>>902669
Spend more time learning from your teachers and less time telling yourself you know everything.
Thread posts: 4
Thread images: 1
Thread images: 1