Posted: 11/4/2017
Introduction
This will be a work in progress! Emphasis added to quotes!
I will try to comment his quotes whenever and to provide reasonable source information.
Notable Quotes
“... After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world. I am strongly of opinion that the great majority of people will always find these are moving impulses of our life. ...”
The Press Under a Free Government (1925)
Address before the American Society of Newspaper Editors in Washington (17 January 1925)
[Perhaps the most famous quote by Calvin Coolidge!]
“Men do not make laws. They do but discover them. Laws must be justified by something more than the will of the majority. They must rest on the eternal foundation of righteousness.”
Have Faith in Massachusetts p. 4
[Western democracy is in a deep crisis. Urgent reforms are needed. Way too many laws and way too many lousy laws were passed by our elected representatives over the decades. Pruning of the man made laws in a sense of Coolidge is of highest priority and essence!]
[Western democracy is in a deep crisis. Urgent reforms are needed. Way too many laws and way too many lousy laws were passed by our elected representatives over the decades. Pruning of the man made laws in a sense of Coolidge is of highest priority and essence!]
“Looking back only a few years, we appreciate how rapid has been the progress of the colored people on this continent. Emancipation brought them the opportunity of which they have availed themselves. It has been calculated that in the first year following the acceptance of their status as a free people, there were approximately 4,000,000 members of the race in this country, and that among these only 12,000 were the owners of their homes; only 20,000 among them conducted their own farms, and the aggregate wealth of these 4,000,000 people hardly exceeded $20,000,000. In a little over a half century since, the number of business enterprises operated by colored people had grown to near 50,000, while the wealth of the Negro community has grown to more than $1,100,000,000. And these figures convey a most inadequate suggestion of the material progress. The 2,000 business enterprises which were in the hands of colored people immediately following emancipation were almost without exception small and rudimentary. Among the 50,000 business operations now in the hands of colored people may be found every type of present-day affairs. There are more than 70 banks conducted by thoroughly competent colored businessmen. More than 80 percent of all American Negroes are now able to read and write. When they achieved their freedom not 10 percent were literate. There are nearly 2,000,000 Negro pupils in the public schools; well-nigh 40,000 Negro teachers are listed, more than 3,000 following their profession in normal schools and colleges. The list of educational institutions devoting themselves to the race includes 50 colleges, 13 colleges for women, 26 theological schools, a standard school of law, and 2 high-grade institutions of medicine. Through the work of these institutions the Negro race is equipping men and women from its own ranks to provide its leadership in business, the professions, in all relations of life.”
The Progress of a People (1924). Commencement address at Howard University (6 June 1924), Washington, D.C
[The Democratic Party and collaborating Republicans thoroughly destroyed this truly amazing progress beginning with the horrible most socialist of all presidents President Franklin Delano Roosevelt, followed by Lyndon B. Johnson’s Great Society dystopia etc.]
“Nothing is more likely to produce that public confidence which is the forerunner and the mainstay of prosperity, encourage and enlarge business opportunity with ample opportunity for employment at good wages, provide a larger market for agricultural products, and put our country in a stronger position to be able to meet the world competition in trade, than a continuing policy of economy. Of course necessary costs must be met, proper functions of the Government performed, and constant investments for capital account and reproductive effort must be carried on by our various departments. But the people must know that their Government is placing upon them no unnecessary burden.”
Second State of the Union Address (1924)
[The business of America is business. Keep government out!]
“The country is now feeling the direct stimulus which came from the passage of the last revenue bill, and under the assurance of a reasonable system of taxation there is every prospect of an era of prosperity of unprecedented proportions. But it would be idle to expect any such results unless business can continue free from excess profits taxation and be accorded a system of surtaxes at rates which have for their object not the punishment of success or the discouragement of business, but the production of the greatest amount of revenue from large incomes. I am convinced that the larger incomes of the country would actually yield more revenue to the Government if the basis of taxation were scientifically revised downward. Moreover the effect of the present method of this taxation is to increase the cost of interest. on productive enterprise and to increase the burden of rent. It is altogether likely that such reduction would so encourage and stimulate investment that it would firmly establish our country in the economic leadership of the world.”
Second State of the Union Address (1924)
[Truly amazing what Coolidge had to say on tax reform! Coolidge predates Arthur Laffer and his curve by decades!]
Sources
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