It's almost like the boom bust cycle is on purpose, and the people in charge right now are recklessly cutting things and applying tariffs like they're candy.I wonder what happened last time that was a thing somewhere around 1929ish?
Having seen the fruits of prosperity brought by technological progress, many shared Hoover's optimism, and the already bullish stock market climbed even higher on Hoover's accession.[162] This optimism concealed several threats to sustained U.S. economic growth, including a persistent farm crisis, a saturation of consumer goods like automobiles, and growing income inequality.[163] Most dangerous of all to the economy was excessive speculation that had raised stock prices far beyond their value
From Herbert Hoovers Wikipedia page. Sound familiar?