01 February 2005
Quote of the day

From a comment on a Samizdata post:

” The business of the American people is business” .......Calvin Coolidge

I’m beginning to like this Coolidge guy.

Update 01/02/05 Alex links to a post he wrote earlier (when Alex?) which in turn links to a von Mises Blog biog.  But it leaves me with an uneasy feeling.  If Coolidge was so good how come things went so bad so quickly (October 1929) after he had gone (March 1929)?

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  1. Keep it Cooledge!

    Posted by Alex Singleton on 01 February 2005 at 02:48pm

  2. “If Coolidge was so good how come things went so bad so quickly (October 1929) after he had gone (March 1929)?”

    Because he paid little to no attention to the Fed’s disastrous policies:

    http://www.amazon.com/exec/obidos/tg/detail/-/0945466056/qid=1107487601/sr=1-11/ref=sr_1_11/103-7196642-3435862?v=glance&s=books

    Posted by N on 04 February 2005 at 08:32am

  3. My favorite Coolidge anecdote is likely apocryphal, but nonetheless illustrates well the personality of “Silent Cal”:

    One day President and Mrs. Coolidge were visiting a government farm. Soon after their arrival they were taken off on separate tours. When Mrs. Coolidge passed the chicken pens she paused to ask the man in charge if the rooster copulates more than once each day. “Dozens of times” was the reply. “Please tell that to the President,” Mrs. Coolidge requested. When the President passed the pens and was told about the rooster, he asked “Same hen everytime?” “Oh no, Mr. President, a different one each time.” The President nodded slowly, then said “Tell that to Mrs. Coolidge.”

    Interestingly enough, this story led to the formation of the “Coolidge Effect” theory:

    http://www.uno.edu/~asoble/pages/bermant.htm

    Posted by N on 04 February 2005 at 08:41am

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