Coolidge: A Politician Uncannily Deserving of Respect

"Debt takes its toll." So begins Coolidge, the magnificent new biography of the 30th president of the United States by bestselling author and free-market journalist Amity Shlaes.  No writer is perhaps better-suited to write a biography of the fiscal sentinel Calvin Coolidge, and this biography is indeed a prequel to her masterpiece, The Forgotten Man: A New History of the Great Depression. Calvin Coolidge found himself on the ballot as Warren G. Harding's vice presidential running mate on the 1920 Republican Party ticket after an unlikely yet highly successful career in Massachusetts politics.  Harding and Coolidge campaigned for smaller government as a response to the rising federal debt following World War I, a top tax rate over 70 percent, the nationalization of railroads, and Progressive attempts to establish governmental control of water power and electricity. As president, Harding signed legislation that gave the executive branch more control of the federal...(Read Full Article)