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.

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

Anyone who experienced World War I close-hand was grossed out by it forever. It just was so awful.

The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.

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.

In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.

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.