The fallacy of the claim that the costs of government are borne by the rich and those who make a direct contribution to the National Treasury cannot be too often exposed.
Calvin Coolidge
The Public Record
Calvin Coolidge was the 30th President of the United States, serving from 1923 to 1929. A member of the Republican Party, he was known for his quiet demeanor and strong support for business and limited government. Coolidge's presidency is often associated with the economic prosperity of the Roaring Twenties, and he famously advocated for a hands-off approach to the economy, believing that government should interfere as little as possible in the lives of citizens and businesses.
No more important development has taken place in the last year than the beginning of a restoration of agriculture to a prosperous condition.
It has a direct effect both upon the rate and the purchasing power of wages.
Nothing is more likely to produce that public confidence which is the forerunner and the mainstay of prosperity, encourage and enlarge business opportunity with ample opportunity for employment at good wages, provide a larger market for…
The Government cannot successfully insure prosperity or fix prices by legislative fiat.
In time for action at this session, I hope to report to the Congress such legislative remedies as the conference may recommend.
In my opinion the Government can do more to remedy the economic ills of the people by a system of rigid economy in public expenditure than can be accomplished through any other action.
They can choose such officers as they wish to have in the House to preside over them very much better than I can assist them in that matter.
I don't expect to take any part in the organization of the House and Senate.
As I have heard nothing about it from the State Department for some time I had taken it for granted that the situation was cleared up.
I haven't any plan for the immediate withdrawal of the United States Marines that are now acting as a legation guard in Nicaragua.
It seems to me that the Senators themselves can pick out the persons they desire to have for their leader and the other officers of the Senate, and the same is true in respect to the House.
I haven't any very great detailed and precise information about that situation.
I am sure that there are a good many men in both parties capable of filling any position that there is there, and equally confident that anyone that the Senate and House wanted to choose for officers of their respective bodies would be…
If it is a matter relating to legislation, why then of course I am a party in interest and one that has to act with them, and I am very glad to give my views on that.
Now, therefore, I, Calvin Coolidge, President of the United States of America, do designate November 17th to 23rd, inclusive, as American Education Week.
An educated fool is a sorry spectacle, but he is not nearly so dangerous to society as a rich fool.
We want the educated to know how to work and the rich to know how to think.
I haven't any legislative program that I can announce at the present time.
I can only express my simple thanks to all those who have contributed to this result and plainly acknowledge that it has been brought to pass through the work of a Divine Providence, of which I am but one instrument.
It does not seem possible to me to make an adequate expression concerning the Presidency of the United States.





