Excuse me, I am unfamiliar with the format here.
Quote SunkenCiv:
"clear that the post-WWI pubbie presidents weren't laissez-faire at all, or they wouldn't have tried to "protect" everyone"
Actually, after Wilson we had a strong conservative run. Calvin Coolidge, my personal favorite president (and should be all conservatives' favorite) was extremely conservative and as laissez-faire as you can get. Harding, despite having some personal issues, was also a supreme president that was the last of the no-intereference-federalist-restrictionist presidents. Hoover however, had some fatal flaws and in my opinion, was a democrat.
If you check the track record, they imposed no acts against business (harding and coolidge).
"leading to the bursting of the stock bubble and the 1929 stock market crash."
There was no "crash" at these times, and in relative terms, those "crashes" were pretty mild. Notice also, that these "crashes" coincide directly with the dates the Smoot-Hawley tariff act passed certain legislation (Passed in the House, then Senate, then Presidential approval). That is probably the best example I can think of in the support that the economy reacts immediately, and nothing is slow or gradual (such as those liberal idiots who think we don't have time to wait for the revenues from tax cuts).
So are you against laissez-faire? Your post seems to be all over the place, but excuse me as I am in a rush at the moment. You mentioned that laissez-faire is bad, such as energy industry. Well, if you are really saying that, you must be deluded. Honestly, you come off as alot more knowledgeable than someone who'd say that. I think I can beat your argument in one phrase....
Tennessee Valley Authority.
Have a good day!
There was no "crash" at these times, and in relative terms, those "crashes" were pretty mild.No crash in 1929? Or only pretty mild crashes? You really don't know what you're talking about. Sorry I tried to help.