Ever since 1913, every president and congress have furthered the ever expanding government expenditures while every federal reserve chairman and board have orchestrated the ever expanding supply of the monopolized dollar (i.e. QE as of late, an euphemism for scheme). The resulting bubbles always appear as economic growth to media and people as claimed by politicians and their crony-economists, while the inevitable busts appear as policy failures by the sitting president and controlling party.
Astonishingly time after time upon each bubble, media and people will credit and praise the current administration and/or congressional majority, and upon each bust critique and blame, as though either the Democrats or Republicans are inherently different from the other. We will see the cycle played out again. Soon to bust will the post-2008 bubble as inflated by the Federal Reserve as well the Bush, Obama and Trump administrations. The blame of course will be placed in knee-jerk fashion on the current Oval Office executive Trump, while crediting Obama per the prevailing economic naivety.
There is one exception when the Harding administration didn't respond to the 1921 bust of the wartime bubble as usually done by administrations to follow (i.e. FDR and others). Instead of recapping, I cannot emphasize enough the importance to read and study this particular event starting with the recent book "The Forgotten Depression: 1921: The Crash That Cured Itself" by James Grant, a financial writer and historian. Blogs, posts, comments even editorials as well 1-line tweets, crafty soundbites, clever quotes, celebrity or political endorsements; they are no substitute to diligent, laborious reading and studying of books and papers, else you remain ignorant while arrogant.
Astonishingly time after time upon each bubble, media and people will credit and praise the current administration and/or congressional majority, and upon each bust critique and blame, as though either the Democrats or Republicans are inherently different from the other. We will see the cycle played out again. Soon to bust will the post-2008 bubble as inflated by the Federal Reserve as well the Bush, Obama and Trump administrations. The blame of course will be placed in knee-jerk fashion on the current Oval Office executive Trump, while crediting Obama per the prevailing economic naivety.
There is one exception when the Harding administration didn't respond to the 1921 bust of the wartime bubble as usually done by administrations to follow (i.e. FDR and others). Instead of recapping, I cannot emphasize enough the importance to read and study this particular event starting with the recent book "The Forgotten Depression: 1921: The Crash That Cured Itself" by James Grant, a financial writer and historian. Blogs, posts, comments even editorials as well 1-line tweets, crafty soundbites, clever quotes, celebrity or political endorsements; they are no substitute to diligent, laborious reading and studying of books and papers, else you remain ignorant while arrogant.
Come let us Reason (Is 1:18). Peace is always a Choice (Mt 5:9).
Study, Ponder, Labor, till last Breath (2 Tm 2:15 / Cl 3:23).
Study, Ponder, Labor, till last Breath (2 Tm 2:15 / Cl 3:23).
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