Political Quotes

Calvin Coolidge: We have substituted for the vicious circle of increasing expenditures, increasing tax rates, and diminishing profits the…

On the record
We have substituted for the vicious circle of increasing expenditures, increasing tax rates, and diminishing profits the charmed circle of diminishing expenditures, diminishing tax rates, and increasing profits.
Said by
Calvin Coolidge
Republican · Vermont

Editor's note · Context

Coolidge describes a positive economic cycle that benefits taxpayers and increases profits.

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