Hendrickson: The wisdom of Andrew Mellon, a lesson in pro-growth economic policy

The Iowa Torch

Lean Right

High Factuality

Hendrickson: The wisdom of Andrew Mellon, a lesson in pro-growth economic policy

Economists Richard Vedder and Lowell Gallaway contend that “the seven years from the autumn of 1922 to the autumn of 1929 were arguably the brightest period in the economic history of the United States.” This decade is often described as the “Roaring Twenties” or “Coolidge Prosperity” for the significant economic growth and entrepreneurship that occurred. It is also a decade of controversy, and many economists and historians continue to debate w…