Link: https://roaring20s.substack.com/p/august-29-1921
Graphic:
Excerpt:
Pundits, observers, and investors believe the 1920s will be a slow growth decade. High taxes, heavy regulations, wage pressures are the main culprits. (Author note: the consensus in 1921 was incredibly bearish and incorrectly predicted a slow growth decade; the polar opposite consensus circulates today) This editorial cartoon sums up the mood in 1921:
Author(s): Tate
Publication Date: 29 August 2021
Publication Site: Roaring 20s at substack