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Quote by Amity Shlaes

“Coolidge and his treasury secretary Mellon loved new technology. Like JFK, C.C. divined that a new technology could lift the nation out of its doldrums; the only difference was that JFK's new technology was space travel, and Coolidge's travel by airplane.”

Quote by Amity Shlaes

Author

Amity Shlaes
Amity Shlaes

Amity Shlaes is an American author known for her in-depth research into the history of American economics. Her works often focus on American economic policies and their impact on history. Born on September 10, 1960, Shlaes graduated from Harvard University with a dual degree in economics and political science. more

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“Coolidge 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.”

“Right 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.”

“The budget idea, I may admit, is a sort of obsession with me. I believe in budgets. I want other people to believe in them. I have had a small one to run my own home; and besides that, I am the head of the organization that makes the greatest of all budgets, that of the United States Government. Do you wonder, then, that at times I dream of balance sheets and sinking funds?”