The scandal would also taint Harding’s legacy. To this day, almost a century later, historians have ranked him among the worst of the worst presidents. His naval treaty victory, his freeing of political prisoners and his economic record took a significant backseat in discussions on him.

Pity, actually. In reality, Harding is more like Nixon; a presidency with extremely low lows and extreme successes, making them impossible to adequately scale. A statistician, working off of more objective measurements, would end up putting them in the middle of the pack, with an asterisk mentioning a very high standard deviation. :-)

Of course Harding must be denigrated by today’s academics, because he had the colossal audacity to address a recession with supply-side techniques — — and succeed famously in the process.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store