You weren't taught this in school but Harding got us out of a depression with capitalism. Look up the depression of 1920. Only democrats blame problems on the man.
Huh? The Roaring Twenties and Harding-Coolidge
laissez faire is a mainstay of U.S. History curriculum. The economic boom created by them is taught in every high school in the United States.
The problem was that it was built off a giant
non-capitalistic bubble, much like the housing market in the 2000s. Harding jacked up tariffs to create false trade surpluses with Europe, a continent that was already severely in debt to the United States do to WWI expenditures. It lead a lot of money to be made domestically, but once the foreign banks dried up, so did the economy.
It wasn't a free market solution. It was a government bailout to domestic industries that were struggling to compete with foreign producers.