The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.
Amity ShlaesI 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.
Amity ShlaesOur conscience, our faith, our local community, even our online hobby clubs - all civilize us.
Amity ShlaesCoolidge believed that government officials who tell themselves that spending benefits the economy delude themselves and the citizens. Government budgets promote human freedom.
Amity ShlaesCoolidge liked the dignity of the presidency. He didn't get on the phone easily. It's possible that he banished the phone from his desk. He was known to use it from time to time. The person who was hilarious with the phone was Hoover. He was a real engineer. He made a closed circuit phone where he could call the important people and they could call him, a government hotline, but it was closed. He shut out the possibility of input from people he didn't expect to get input from.
Amity Shlaes