Laws must be justified by something more than the will of the majority. They must rest on the eternal foundation of righteousness.
Amity ShlaesCoolidge 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.
Amity ShlaesThe difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.
Amity ShlaesCoolidge 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.
Amity Shlaes