Haven't you been wondering about the Roaring 20's? What made them "roar?" It had to be more than just the Charleston, right? WWI ended and industrial manufacturing was humming along. This book, while never mentioning the roaring 20's, made it perfectly plain that sound policies can fuel a decade of prosperity and plenty.
I had no impression at all of Calvin Coolidge. Something Jay Nordlinger wrote in an Impromptus column made me pick up this book, and what a find!
ON WEALTH:
"Our country is an exceedingly good example of the fact that if production be encouraged and increased, then distribution fairly well takes care of itself. Other countries, by their actions in stopping production, in penalizing industry and economy, and rewarding indolence and extravagance, have been able to bring about a very general and equal distribution of misery, but no other country ever approached ours in the equal and general distribution of prosperity." Coolidge, 1923
ON TAXES:
"That tax is theoretically best which interferes least with business. Every student knows that excessively high tax rates defeat their own purpose. They dry up that source of revenue and leave those paying lower rates to furnish all the taxes."
AND ALSO:
"There is no escaping the fact that when the taxation of large incomes is excessive, they tend to disappear."
AND ALSO:
"Ultimately, property rights and personal rights are the same thing."
Having read this book and thought about it a bit, I might have to conclude that Coolidge is one of the most underappreciated presidents in the bunch.
This book is well worth buying. I sat and laughed out loud for an entire evening, reading some of the stories surrounding the President. I read some to my darling husband, too. It's an enjoyable book.