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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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Amity Shlaes
Age: 64
Born: 1960
Born: September 10
Author
Biographer
Columnist
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Thought
Federal
Power
Hated
Government
Potential
Really
Saws
Growth
Wrong
Business
Didn
Coolidge

More quotes by 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.
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Fame is worth less than service.
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Everybody should pay some tax, just as everybody should vote.
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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.
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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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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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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.
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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.
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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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Our conscience, our faith, our local community, even our online hobby clubs - all civilize us.
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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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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
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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.
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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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The lucky biographers find themselves drawn into a sort of friendship with their subject.
Amity Shlaes
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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
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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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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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Anyone who experienced World War I close-hand was grossed out by it forever. It just was so awful.
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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.
Amity Shlaes