This is just a note from the birthplace of Calvin Coolidge. We’re here marking his place in history on President’s Day weekend. Since it’s a little cold on the mountain, we’re hoping some skiers will drop by at 1pm Eastern to talk about the president who cut the budget in peacetime. I’m very grateful to my colleagues at Plymouth Notch for this hosting!
A few other Coolidge updates:
— Kai, my favorite Coolidge blogger, has a special dispatch on Parker Gilbert here. The goal of Andrew Mellon and Coolidge–and, of course, Warren Harding before him, was to allow Europe to reduce its debt without allowing it to default, an event all deemed to be, um, not in Europe’s interest.
— Thank you, Barnes and Noble buyers, for making Coolidge Number 18 this Sunday.
— Many people have written to ask me to rebut the New York Times review here. My main thought is that the book seeks to present Coolidge in his own terms rather than anyone else’s. So the economics in the book is certainly not modern supply-side. Rather, it is Coolidge economics, with all the attendant warts and charms. The tax policy that we might call supply-side isn’t called that because that was not their label–Mellon spoke of “scientific taxation.”
— By the way, best tax book ever: “Taxation: The People’s Business,” by A.W. Mellon.