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I remember reading some of Hoover's post presidential writings and he was expressing how one of his advisors proposed laissez-faire policies and he says, of course we didn't listen to him. The whole "media bias" thing isn't new and it isn't bias. The state education system has an agenda.
This also reminds me of how many modern "conservatives" seem to be clueless about how pro-socialism / fascism Americans were during this time. In many ways this era was more collectivist than we are today. When I started reading more about this period it really destroyed much of the respect I used to have for "conservatives". What are they conserving? A myth. Something that didn't exist.