Everyone knows about the Great Depression that kicked off with the 1929 stock market crash. However, the crash of 1921 was much worse. Why is it that the 1921 crash is ignored by economists and historians? For one, it was not a “great” depression. The depression of 1921 was over in a year, while the depression of 1929 raged for over a decade. There are a multitude of reasons for this, and James Grant tackles the causes in this book.
The question is often asked, who is the worst president of all time? Surprisingly, you’re going to get a lot of overlap between mainstream left and right. They may disagree on specifics but look at any “best presidents” list and you will find that “do something” presidents always rank near the top. Presidents who waged war and governed as a monarch always rank high. “Forgettable” presidents who presided over times of peace and prosperity tend to rank lower. This is wrong. We should not rank presidents by how famous they are. We should not judge them based on whether they did unconstitutional things that we like or don’t like. There is one single metric for measuring how good a president was: Did they uphold their oath to defend the constitution? Based on that, who is the worst?
