We insist on producing a farm surplus, but think the government should find a profitable market for it. We overindulge in speculation, but ask the government to prevent panics. Now the only way to hold the government entirely responsible for conditions is to give up our liberty for a dictatorship. If we continue the more reasonable practice of managing our own affairs we must bear the burdens of our own mistakes. A free people cannot shift their responsibility for them to the government. Self-government means self-reliance.
Calvin CoolidgeIf the people lose control of the arteries of trade and the natural sources of mechanical power, the nationalization of all industry should soon be expected. Our forefathers were alert to resist all encroachments upon their rights. If we wish to maintain our rights, we can do no less.
Calvin CoolidgeCoincident with the right of individual property under the provisions of our Government is the right of individual property. . . . When once the right of the individual to liberty and equality is admitted, there is no escape from the conclusion that he alone is entitled to the rewards of his own industry. Any other conclusion would necessarily imply either privilege or servitude.
Calvin CoolidgeTo expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.
Calvin Coolidge