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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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Amity Shlaes
Age: 64
Born: 1960
Born: September 10
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Coolidge
More quotes by Amity Shlaes
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
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
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
I'm not sure Roosevelt was quite a monster, he just did a poor job on the economics.
Amity Shlaes
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
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
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
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.
Amity Shlaes
Our conscience, our faith, our local community, even our online hobby clubs - all civilize us.
Amity Shlaes
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
Fame is worth less than service.
Amity Shlaes
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
Anyone who experienced World War I close-hand was grossed out by it forever. It just was so awful.
Amity Shlaes
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
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
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
Laws must be justified by something more than the will of the majority. They must rest on the eternal foundation of righteousness.
Amity Shlaes
The donning of the ear buds marks the beginning of teen life, when children set off on their own for the passage through adolescence.
Amity Shlaes
Today we care about budgets more than anything. Our American future hangs on the ability of government to cut budget.
Amity Shlaes
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