Calvin Coolidge actually said...

"The spirit of liberty is universal."

"It is better for the people to make their own mistakes than to have some one else make their mistakes for them."

"I am not familiar enough with the exact workings and practice of the Federal Reserve System so that comments that I might make relative to the amount of brokers' loans and so on would be of very much ..."

"And those two things together would necessarily be a reason for doing more business of that kind that is transacted by brokers and would naturally result in a larger sum of money being used for that p..."