From today’s WSJ…(now with full text)

…comes a timely article by Charles C. Johnson on “How Silent Cal beat a Recession”:

Eighty-eight years ago this week, U.S. President Calvin Coolidge took office upon the sudde death of President Warren Harding.Like the current administration, the Harding-Coolidge administration faced a tough recession from 1919-1921. But unlike the current administration, the Harding-Coolidge and Coolidge-Dawes administrations cut taxes, balanced budgets and slashed government spending, reducing federal debt by over a third in a decade.

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