Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 9 Share on Twitter Printer Friendly Page More Sharing
Best Web OpEds   

Financial Capitalism Gone Amok - Ultra-low Interest Rates and Price Bubbles

Author 14196
Follow Me on Twitter     Message Lance Ciepiela
Become a Fan
  (53 fans)

The 1920s all over again?
The 1920s all over again?
(Image by Old Currency Value)
  Details   DMCA

The Trump administration’s economic policy has been characterized by trade protectionism, an anti-immigration policy, the lowering of taxes especially for large corporations and large banks, trillion-dollars yearly fiscal deficits, a very loose monetary policy, and a 13 percent jump in the total U.S. public debt since Jan. 20, 2017, when President Donald Trump took office.

The economic situation of today is, to a certain extent, reminiscent of the U.S. economy in the 1920s, leading to the Great Depression  of the 1930s. Indeed, the U.S. economy had been growing by 2.7 percent per year between 1920 and 1929. There was overall full employment and inflation was stable. Also, economic growth had been extended through protectionist measures such as the Fordney-McCumber Tariff of 1922. 

Read the rest of the story HERE:

At www.globalresearch.ca

 

Rate It | View Ratings

Lance Ciepiela Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in


Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: