4Context

View Original

Next Stop: Great Depression II

Library of Congress

Bob McElvaine, a smart historian of the Great Depression, offers an incisive argument in The Washington Post that the GOP's new tax bill looks terrifyingly familiar. He considers it all-too-like the actions taken by President Calvin Coolidge and the Republic Congress during the 1920s that put America solidly on the road to economic collapse in 1929.

Read it and weep.