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Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.

Amity Shlaes

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Amity Shlaes
Age: 64
Born: 1960
Born: September 10
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Euro
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More quotes by Amity Shlaes

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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.
Amity Shlaes
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The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job depression is when I lose mine.
Amity Shlaes
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Everybody should pay some tax, just as everybody should vote.
Amity Shlaes
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Although unions may be good for a worker, singular, they are not always good for workers, plural. Especially when it comes to finding a job.
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.
Amity Shlaes
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People value Halloween, like Valentine's Day, because they can tell themselves that it's not merely secularized but actually secular, which is to say, not Christian, Jewish, Hindu or Muslim.
Amity Shlaes
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In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
Amity Shlaes
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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.
Amity Shlaes
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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.
Amity Shlaes
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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.
Amity Shlaes
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Today we care about budgets more than anything. Our American future hangs on the ability of government to cut budget.
Amity Shlaes
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Fame is worth less than service.
Amity Shlaes
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Coolidge believed that government officials who tell themselves that spending benefits the economy delude themselves and the citizens. Government budgets promote human freedom.
Amity Shlaes
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Economics are part of our life. We try to treat them separately, like over there is the economy and here is history. Econ affects history and history often doesn't get it right if it doesn't respect econ.
Amity Shlaes
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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.
Amity Shlaes
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Anything can be done if you find friends to do it with.
Amity Shlaes
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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.
Amity Shlaes
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Our conscience, our faith, our local community, even our online hobby clubs - all civilize us.
Amity Shlaes
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There's something unsettling about the education of a child who comfortably enumerates the rules for surviving zombie apocalypse but finds it uncomfortable to enumerate the rules of his grandparents' faith, if he knows them.
Amity Shlaes
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I'm not sure Roosevelt was quite a monster, he just did a poor job on the economics.
Amity Shlaes