Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Amity Shlaes
Age: 64
Born: 1960
Born: September 10
Author
Biographer
Columnist
Journalist
Writer
Policy
Policies
Unified
Ability
Member
Euro
Country
Pursue
Joints
Kind
Countries
Monetary
Independent
Abilities
Members
Strain
Fiscal
Europe
Politically
Joint
Therefore
Currency
Sustaining

More quotes by Amity Shlaes

Image
I think the Bushes would have liked President Coolidge, though I often wonder what nickname 43 would pick for 30. President Bush has great respect for his father, and so did President Coolidge, whose father was also in government, albeit in a smaller way.
Amity Shlaes
Image
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.
Amity Shlaes
Image
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.
Amity Shlaes
Image
Fame is worth less than service.
Amity Shlaes
Image
The 1920s are the decade that signaled the arrival of a gift that still means a lot to us: Saturday.
Amity Shlaes
Image
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.
Amity Shlaes
Image
With demands for special education or standardized test prep being shouted in their ears, public schools can't always hear a parent when he says: 'I want my child to be able to write contracts in Spanish,' or, 'I want my child to shake hands firmly,' or, 'I want my child to study statistics and accounting, not calculus.
Amity Shlaes
Image
Today many politicians suggest that where the federal government does not act, there must be anarchy. That view is odd, blinkering out the work of state and towns, which until recently did much of our charitable and cultural work. That view also blinkers out the role of mutual societies and churches.
Amity Shlaes
Image
The lucky biographers find themselves drawn into a sort of friendship with their subject.
Amity Shlaes
Image
We're in a kind of vicious cycle where the media tell the politicians, and the politicians tell the people, that perception is reality, and the perception of saving dooms a politician. I don't believe perception is reality, or that all Americans think that.
Amity Shlaes
Image
In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
Amity Shlaes
Image
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
Image
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.
Amity Shlaes
Image
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
Image
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
Image
Coolidge thought budgets were virtuous. He had his econ straight. He didn't just cut taxes, he also cut the budget.
Amity Shlaes
Image
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
Image
Laws must be justified by something more than the will of the majority. They must rest on the eternal foundation of righteousness.
Amity Shlaes
Image
I'm not sure Roosevelt was quite a monster, he just did a poor job on the economics.
Amity Shlaes
Image
Everybody should pay some tax, just as everybody should vote.
Amity Shlaes