Top 10 President - Calvin Coolidge

Posted by $ blarman 9 years, 1 month ago to Philosophy
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"There is no dignity quite so impressive,
and no independence so important
as living within your means."
~Calvin Coolidge

Bingo.


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  • Posted by richrobinson 9 years, 1 month ago
    I was thinking of Presidents the other day. If you start at Washington and go forward there are some incredible men of great intellect that held the office. If we start at Obama and go backwards it is amazing the country has survived. Going backwards I like Reagan but then i think you have to back to Coolidge to find the next great President.
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    • Posted by freedomforall 9 years, 1 month ago
      Has there been any study done on why this is the case? Was there a change via legislation, or was there some act by a president that expanded the power of the office, or was there a constitutional amendment that might be the root cause of the corruption of the political system and ultimately the sense of morality of its participants?
      Could it be that the "career politician" is the problem?
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  • Posted by freedomforall 9 years, 1 month ago
    OTOH, he supported the biggest danger to the Republic and whose primary goal has been to destroy the ability of people and government to live within its means.
    From his State of the Union in 1926:
    "It would be difficult to overestimate the service which the Federal reserve system has already rendered to the country. ...
    Its business is to furnish adequate credit and currency facilities. This it has succeeded in doing, both during the war and in the more difficult period of deflation and readjustment which followed. It enables us to look to the future with confidence and to make plans far ahead, based on the belief that the Federal reserve system will exercise a steadying influence on credit conditions and thereby prevent tiny sudden or severe reactions from the period of prosperity which we are now enjoying. In order that these plans may go forward, action should be taken at the present session on the question of renewing the banks' charters and thereby insuring a continuation of the policies and present usefulness of the Federal reserve system."

    I can't include anyone after the 1850s in my 'top ten'.
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    • Posted by $ 9 years, 1 month ago
      I don't dispute the quote, but I would also point out that this was an entirely different Federal Reserve than we have now. I can't fault Coolidge for not being able to see into the future. Remember, at this time the US was still on a partial gold standard, so the type of currency manipulation we see nowadays wasn't possible back then. And having a single currency for the entire nation instead of regional currencies held tremendous appeal for businesses and consumers alike because they encouraged trade.

      I believe that Coolidge - were he alive to even live through the 1950's and 1960's would have been aghast at the monetary situation of our nation and is no doubt turning over in his grave with regard to the last 20 years.
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      • Posted by freedomforall 9 years, 1 month ago
        We are talking about Greatness. He had the advantage of coming after Thomas Jefferson and Andrew Jackson who saw the danger, very publicly opposed it, and, in fact, tossed the banksters out. Coolidge was asleep at the wheel. Not as big an offense as declaring war on your own people, but not in the top 20% of the class either. He is in good (i.e., bad) company on the issue among 20th-21st century presidents.
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