There is a historical parallel between our current economic situation to that of 100 years ago. Back then, government got out of the way and the economy recovered quickly.
The State Fair is here, our aquatic centers are closing early, and Iowans are squeezing in a little more fun before summer ends. While everyone else is swimming and fishing and taking pictures of the Butter Cow, John and Chris instead head to the ITR conference room to talk about Presidents Harding and Coolidge.
ITR's resident historian John Hendrickson draws a historical parallel between our current economic situation to that of 100 years ago. Our nation is currently recovering from a worldwide pandemic and struggling with rising inflation. 100 years ago, President Warren G. Harding inherited a similar situation after winning the 1920 election in a landslide. But Harding overcame it by getting government out of the way. The economy recovered quickly—whereas President Biden enacted progressive policies that have resulted in a double-dip recession with 40-year high inflation.
Read John's history lesson for President Biden