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The Old School Conservatives

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Article Image News Link • Global - Jim Powell

President Warren Gamaliel Harding's reaction to the extreme recession of 1921: Cut federal spending by half, cut federal taxes by a third, and pay off debt. The Federal Reserve's reaction during this time, from what I've read, nothing at all.   The results: A landmark case and impeccable example of how rational economics without government interference is the only viable solution.