Laws must be justified by something more than the will of the majority. They must rest on the eternal foundation of righteousness.

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.

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.

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.

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

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

The 1920s are the decade that signaled the arrival of a gift that still means a lot to us: Saturday.