Who do you believe was the most inconsequential president in history? (user search)
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  Who do you believe was the most inconsequential president in history? (search mode)
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Author Topic: Who do you believe was the most inconsequential president in history?  (Read 2586 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: January 13, 2021, 04:00:31 PM »

William Henry Harrison.

The dudes biggest accomplishment in office was dying.

But that, being the first case, created the vice president precedent.
But that wasn’t an accomplishment of his own accord.

The thread is "who was the most inconsequential," not "who accomplished the least."


Well, I can forget mentioning Calvin Coolidge then.  He was the person who mostly presided over the events that led to the Great Depression.

This has long been quite the oversimplification that GOP Presidents of the 1920s practically single-handedly engineered a worldwide Great Depression through their conservative economic policies alone, lol.

How is it an oversimplification?


Because the Great Depression is a complicated thing that can't be boiled down to "low taxes and low regulation cause world to go to hell" as a matter of principle?

Hiding behind 'it's complicated' is a dodge.  A lack of regulations or of enforcement are the cause of many problems despite the lies from right wing economic websites.

Market failures are real.  When these right wing economic websites deny their existence, they should not be taken seriously.

Lack of regulations led to the enormous buying of stocks on margin that led to the Great Depression.  The resulting stock market crash was then exacerbated by the inability to print money due to being on the Gold Standard, but that came after the stock market crash (Several crashes actually.)  

Deregulating led to the Savings and Loan Debacle of the 1980s and failure to regulate caused the Great Recession of 2008.  I don't know how many more examples people need to finally learn.

The capital gains tax cuts of the mid 1990s most likely led to the dot.com boom and then bust in 2000, but that's allegedly more debatable.

I would argue that a major cause of the Great Depression was Europe's response to the economic dislocations caused by the Great War, principally, but not entirely, the pig-headed attempts by European countries to return to the gold standard as if the inflation that had occurred during the war had never happened.  It wasn't the gold standard itself that was at fault, but that the value of most currencies were pegged too high.
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