Home / Quotes / Quote by Amity Shlaes

Quote by Amity Shlaes

“Coolidge 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.”

Author

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

“If Coolidge were a stock, he'd be a buy. The experts have historically ranked Coolidge in the bottom quartile or bottom half of all presidents. But his economic performance and his statesmanship suggest Coolidge belongs in the top quarter of presidents. The disparity between the Coolidge price and Coolidge value is huge. So revision is warranted.”

Ifs Values President Half Economic Huge Performances Bottom Experts Quarters Revision Disparity Statesmanship

Author:Amity Shlaes

“In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.”

Way Cutting Taxes Rate Budgets

Author:Amity Shlaes

“Coolidge showed that the best government was the one that got out of the way. When he refrained, the economy grew, the Ku Klux Klan faded, and Americans got Model A's and automobiles.”

Way Government Economy Grew Models Automobile Faded Ku Klux Klan

Author:Amity Shlaes

“Coolidge believed that government officials who tell themselves that spending benefits the economy delude themselves and the citizens. Government budgets promote human freedom.”

Humans Government Economy Citizens Benefits Spending Budgets Officials Human Freedom Government Officials

Author:Amity Shlaes