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Calvin Coolidge supported tariffs but he cut income taxes and government spending and presided over the roaring 20s, post Harding, pre Hoover
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The Federal Reserve was also printing like madmen at that time to recover from WWI.
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10 sats \ 1 reply \ @Bell_curve 15h
from 1920 to 24 then slight deflation and stability during the Coolidge years and then disaster: money supply decreased by 33% between 1929 and 1933
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The FRB did it!
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