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Coolidge Showed That The Best Government Was The One That Got Out Of The Way. When He Refrained, The Economy Grew, The Ku Klux Klan Faded, And Americans Got Model A's And Automobiles.

-Amity Shlaes

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Coolidge Showed That The

Amity Shlaes

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Coolidge Showed That The Best Government Was The One That Got Out Of The Way. When He Refrained, The Economy Grew, The Ku Klux Klan Faded, And Americans Got Model A's And Automobiles.

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Coolidge Was A Federalist. You Go Back And Read Him And It's Almost Intimidating To Write About Him Because He Writes Better Himself Than Anyone. He's One Of The Best Writers As Presidents Go.

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Coolidge Was A Pragmatist. He Didn't Start Out With A Tax Theory. But He Observed Over Time That Lower Tax Rates Sometimes Brought In Extra Revenue. The Success Of His And Treasury Secretary Andrew Mellon's Experiment With Rate Cuts Has Been Obscured By Our Modern History Books.

Coolidge Thought Budgets Were Virtuous. He Had His Econ Straight. He Didn't Just Cut Taxes, He Also Cut The Budget.

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Coolidge's Stat Was So Low; He's Ranked In The Bottom Half Of Presidents. What I Found When I Encountered This Man Was The Leader I Might Like To See Today.

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In A Way, Calvin Coolidge Is Better Than Reagan. His Tax Rates Were Lower, And He Cut Budgets.

Disillusionment Can Come As Fast As A Gust, But Building Faith That The Government Won't Inflate Again Is Like Building A New Sailboat, A Project Of Years.

Coolidge Showed That The Best Government Was The One That Got Out Of The Way. When He Refrained, The Economy Grew, The Ku Klux Klan Faded, And Americans Got Model A's And Automobiles.

In The End, All New Schools, Public Or Private, Snobby Or Not, Add Value To The Education Market, Making It Bigger And More Efficient, In The Same Way That Zuckerberg Added Wealth To The Economy Even For Non-facebook Fans.

Coolidge Believed That Government Officials Who Tell Themselves That Spending Benefits The Economy Delude Themselves And The Citizens. Government Budgets Promote Human Freedom.

To Investors, Job Creation Is A Second-order Effect. Market Participants Care First About Interest Rates, Exchange Rates, Bond Prices And The One Great Factor That Affects All Three: The Long-term Solvency Of A Bond Company Called The U.s. Government.

Today We Care About Budgets More Than Anything. Our American Future Hangs On The Ability Of Government To Cut Budget.

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Coolidge Really Hated Government Being In The Power Business. He Thought It Was Wrong. He Saw The Potential For Growth In The Power Business. He Didn't Want The Federal Government In It.

If Coolidge Were A Stock, He'd Be A Buy. The Experts Have Historically Ranked Coolidge In The Bottom Quartile Or Bottom Half Of All Presidents. But His Economic Performance And His Statesmanship Suggest Coolidge Belongs In The Top Quarter Of Presidents. The Disparity Between The Coolidge Price And Coolidge Value Is Huge. So Revision Is Warranted.

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Coolidge Cut The Budget, And Even Better, Cut It During Peace And Prosperity. He Left A Federal Budget Lower Than The One That Greeted Him When He Arrived In Office. He Managed To Freeze Or Cut The Budget Over More Than Five Years In Office. If You Look At Charts Of Presidents - Nixon, Ike, And Reagan - You See Them Failing On This Score.

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Right Now We're Concerned About Budget. Right Now We're Concerned About The Prospect Of Interest Rate Rise. We're Concerned About Government Corruption, Government Handing Out Deals To Specific Groups. Coolidge Fixed A Problem Like That. He Came Into A Rough Time And He, And Harding Before Him, Fixed That By Budgeting.

Coolidge Liked The Dignity Of The Presidency. He Didn't Get On The Phone Easily. It's Possible That He Banished The Phone From His Desk. He Was Known To Use It From Time To Time. The Person Who Was Hilarious With The Phone Was Hoover. He Was A Real Engineer. He Made A Closed Circuit Phone Where He Could Call The Important People And They Could Call Him, A Government Hotline, But It Was Closed. He Shut Out The Possibility Of Input From People He Didn't Expect To Get Input From.

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Coolidge And His Treasury Secretary Mellon Loved New Technology. Like Jfk, C.c. Divined That A New Technology Could Lift The Nation Out Of Its Doldrums; The Only Difference Was That Jfk's New Technology Was Space Travel, And Coolidge's Travel By Airplane.

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