Wednesday, March 13, 2013

(Updated):Cut it like Cal!

Update:  Here's a fun, five-minute video with author Shlaes talking about "Silent Cal" at Prager University:
Enjoy!

Original post:
Coolidge, that is. The 30th President of the United States, Calvin Coolidge was known for his almost obsessive commitment to financial responsibility and frugality.  And thanks, in part, to the excellent recent biography on Coolidge by historian Amity Shlaes, the "moral case for economy" is picking up steam in intellectual circles.  Here I link to a talk given by Shlaes at Hillsdale College back in January and reprinted, in part, in their excellent monthly newsletter, Imprimis.  A sampling:
An alternative model for conservatives is Calvin Coolidge. President from 1923 to 1929, Coolidge sustained a budget surplus and left office with a smaller budget than the one he inherited. Over the same period, America experienced a proliferation of jobs, a dramatic increase in the standard of living, higher wages, and three to four percent annual economic growth. And the key to this was Coolidge’s penchant for saying “no.” If Reagan was the Great Communicator, Coolidge was the Great Refrainer.
You can find the entire article here.