The unknown depression of 1920 and why you do not know about it

Under President Harding a depression, which was more serious that the current recession in which we are currently. President Harding, remembering the horrible politics of the Progressives at the turn of the century, did not want to follow their idea of how to fix the economy.

The depression of 1920-21 = the roaring 20s. How is that?

Well in 1921 goods and services lost half of their value, half.
In comparison in 2009 there was an 18% loss. (50 is larger than 18)
GMP fell by 24% between 1920-21.
In 2009 it fell by 2.4%. 24 and 2.4 look a lot alike but there is a large difference.
Unemployment in 1921 was 11.9%. So far the worst our has become was 10.1% in 2009.

President Harding cut spending in half; that is 50%.
He cut taxes. The top of wage earners were taxed 75%, he reduced that to 25%.
After that the stock market tripled, real wages increased by 20%, there was a dramatic expansion of the middle class. Unemployment in 1921 was 11.9% as previously stated, in 1926 it was 1.8%! That has never happened during peace time.

This is the road map to how to get out of this recession. Pass this to as many people as you know. Maybe one of them will be able to get this to the President.

The reason that you have not heard about this is because the Progressives have all but eliminated this from history. (Remember what Michelle Obama stated, "...we have to rewrite history...") And since this was not big "news" because the free market, yes the free market provided the solutions to this problem and they do not want to let you know that it is possible to get out of a depression/recession without the government's help. It can be done, someone just has to use these tried and true principals.