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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (60308)12/18/2012 12:51:13 AM
From: Joe Btfsplk  Read Replies (1) of 71588
 
Was child labor good?

I knew two that hit the road, one at eleven, the other at thirteen because their families couldn't feed them. They got jobs and went on to reasonable lives. Dickensian tales involved children in worse shape who had no other options. The infantile analysis so prevalent today is beyond silly, involving circumstances now unimaginable.

Were the 1920's good, when under Coolidge the "business of the government was business"

They were generally very good, though the Fed facilitated an excessive credit expansion, then later over-corrected. On request I could suggest reading to help you understand what transpired.

If the government had responded to the Bush crash the way it did to the Coolidge crash we'd all be in soup kitchen lines

It wasn't a Coolidge crash (though the Fed was then gently setting the stage), it started under Hoover, who really screwed the pooch. I suspect the Harding response would have led to superior results -- after a sharp and difficult correction.

we don't seem to have very sensible people running things

We've been conditioned to believe that the judgement and actions of god/kings can replace rules and hard money.

Damn shame there's so much opinion and so little knowledge.
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