Hundreds of unemployed residents wait in long queues outside the Kentucky Career Centre for help with their unemployment claims on June 19 in Frankfort, Kentucky. Photo: Getty Images/AFP Hundreds of unemployed residents wait in long queues outside the Kentucky Career Centre for help with their unemployment claims on June 19 in Frankfort, Kentucky. Photo: Getty Images/AFP
Hundreds of unemployed residents wait in long queues outside the Kentucky Career Centre for help with their unemployment claims on June 19 in Frankfort, Kentucky. Photo: Getty Images/AFP
Walter E. Block
Opinion

Opinion

The View by Walter E. Block

Donald Trump can ensure a V-shaped economic recovery by heeding lessons of 1921

  • During the depression of 1921, the Harding government did not intervene in the market, resulting in a quicker recovery
  • The Trump administration must cleave to market principles, cease stimulus, rein in the Fed and resist protectionist impulses

Hundreds of unemployed residents wait in long queues outside the Kentucky Career Centre for help with their unemployment claims on June 19 in Frankfort, Kentucky. Photo: Getty Images/AFP Hundreds of unemployed residents wait in long queues outside the Kentucky Career Centre for help with their unemployment claims on June 19 in Frankfort, Kentucky. Photo: Getty Images/AFP
Hundreds of unemployed residents wait in long queues outside the Kentucky Career Centre for help with their unemployment claims on June 19 in Frankfort, Kentucky. Photo: Getty Images/AFP
READ FULL ARTICLE
Walter E. Block

Walter E. Block

Walter E. Block, Ph.D, is Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics at Loyola University New Orleans