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Coolidge thought budgets were virtuous. He had his econ straight. He didn't just cut taxes, he also cut the budget.

Amity Shlaes

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Amity Shlaes
Age: 64
Born: 1960
Born: September 10
Author
Biographer
Columnist
Journalist
Writer
Thought
Coolidge
Also
Budget
Virtuous
Budgets
Straight
Taxes
Cutting
Didn
Econ

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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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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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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.
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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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The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job depression is when I lose mine.
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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.
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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.
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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.
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The donning of the ear buds marks the beginning of teen life, when children set off on their own for the passage through adolescence.
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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.
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In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
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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.
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