The most recent edition of Imprimis, a monthly pamphlet published by Hillsdale College is well worth the few minutes needed to read it. The title is Calvin Coolidge and the Moral Case for Economy written by Amity Shlaes.
In this article, Ms. Shlaes describes the discipline and the rationale President Coolidge used in managing the federal budget during his presidency. And, manage it he did!
Many in the GOP of today yearn for another Ronald Reagan when what we really need is another Calvin Coolidge. While it is true that Mr. Reagan’s economic policies did lower the overall tax burden, generating one of the longest periods of growth in our history, most seem to have forgotten that his policies also allowed for almost uncontrolled growth of government spending and the corresponding expansion of government. Looking back from our present condition, it is reasonable to ask whether the temporary rise in prosperity was worth the permanent damage of government growth.
Troy L Robinson