In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
Amity ShlaesRight now we're concerned about budget. Right now we're concerned about the prospect of interest rate rise. We're concerned about government corruption, government handing out deals to specific groups. Coolidge fixed a problem like that. He came into a rough time and he, and Harding before him, fixed that by budgeting.
Amity ShlaesIn the end, all new schools, public or private, snobby or not, add value to the education market, making it bigger and more efficient, in the same way that Zuckerberg added wealth to the economy even for non-Facebook fans.
Amity ShlaesDisillusionment can come as fast as a gust, but building faith that the government won't inflate again is like building a new sailboat, a project of years.
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