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There is a consistent trend of crash, liberal leadership elected, passing liberal economic recovery and regulation legislation, time for Americans to forget why
by charwalker 7y ago
There is a consistent trend of crash, liberal leadership elected, passing liberal economic recovery and regulation legislation, time for Americans to forget why the crash happened, then the election of conservative leadership, cannibalization of successful regulation, tax cuts, then another crash. This happened under W into 2007 and under Trump today (with the addition of tariffs). It also happened under Reagan in the 80's (trickle down...).
generally speaking, regulation slows but also stabilizes economic growth. Until the removal of the gold standard and stronger fiscal and economic policy in the 30's, we had a boom bust cycle almost yearly with inflation/deflation cycles often within 16 months and massive spikes and drops in the stock market. Since the New Deal era, the stock market has seen typically steady growth without constant swings in inflation and a longer trend or cycle to economic crashes usually dictated by the process in my first paragraph.
Inflation rates since 1914 (see the negative or deflation period in the early 20's): https://www.usinflationcalculator.com/inflation/historical-inflation-rates/ https://www.usinflationcalculator.com/inflation/historical-i...
Dow Jones average over the last 100 years (see the ups/downs leading into WWII and the not uniform but consistent growth since the New Deal era): https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart https://www.macrotrends.net/1319/dow-jones-100-year-historic...
History of US recessions (very brief but note that regulation/government entities created to prevent the same issue from coming up again like the 1907 recession): https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart https://www.macrotrends.net/1319/dow-jones-100-year-historic...