I agree with him on these, however, he is criticizing Trump on tariffs - said Hoover did that and it led to the Great Depression. That may be, but, there were other factors involved. So, we’re supposed to allow cheap goods to continue to flow into our country, and pay tariffs on them, and we get screwed? Our businesses can’t compete because of it. Sorry, I disagree with Mark on this issue.
Did you read The Forgotten Man? It was a terrific book- and illustrated the reasons for the Depression. I saw causes I’d not understood before.
The thing is- we don’t have real free markets at this time. At least not in the Milton Friedman sense:)
Milton Friedman studied in depth the factors that caused the Great Depression.
The action by the Feds to contract the money supply by 1/3 was a major driving factor.
Harding faced a much deeper "depression."
Harding dramatically slashed government spending. Harding took NO action in the way of government "solutions." In so doing, the depression under Harding was short lived, around 18 months.
The 29 depression would have been short lived if the idiot FDR didn't undertake implementing "solutions." It ended with his death.
Do you buy goods? Then cheap goods are good.
Jobs go away all the time, either through one company being out-competed by another one or by technology replacing the need for manual labor. Those are good things, as they deliver the original goods for a lower price and free up consumer funds and human labor to be used to buy and produce something additional beyond what we already were getting, adding to our standard of living.
Tariffs and protectionism are socialistic, big-government ideas that hurt economic advancement and our standard of living.
If we get rid of the illegal labor and the entitlement state, there will suddenly be a lot more employed Americans doing jobs they thought they were “too good for” before while they were sucking on Uncle Sam’s teat.