Home
/
RELIGION & LIBERTY ONLINE
/
Amity Shlaes on Thrift and Calvin Coolidge
Amity Shlaes on Thrift and Calvin Coolidge
Mar 20, 2026 9:43 AM

Thrift almost seems like a lost virtue among much of our governing class. It is also true of the general population. We don’t have to just look at our staggering public debt, but consumer credit card debt tells the story too. In a past post on the virtue of thrift, Jordan Ballor reminds us that “thrift is one of the things that separates civilized capitalism from savage consumerism.”

When I worked for U.S. Congressman Gene Taylor in Mississippi, we had a lot of second-hand office equipment. The boss was always serious about saving tax dollars. I know there are still representatives out there that take thrift seriously. However, we should also let the illustration provided by Amity Shlaes on Calvin Coolidge over at National Review sink in, especially given some of the lavish entertainment we hear about in Washington:

For Coolidge, no savings was too small to overlook. Recently William Jenney, the archivist for the state of Vermont at the Coolidge homestead, pulled out for me an old looseleaf notebook. It contained the White House housekeeper’s journal of outlays for White House entertainment. The White House, even then, received tens of thousands of visitors a year; the Coolidges hosted Col. Charles Lindbergh and Ignacy Padereweski, the pianist and politician. There were many days when Coolidge shook 2,000 hands. But he also kept an eye on the budget. For 1926, the housekeeper itemized each purchase for each event; the total was $11,667.10. For 1927 she managed to get the amount down to $9,116.39. The president reviewed this and wrote her a note: “To Miss Riley, very fine improvement.”

Shlaes, who has a ing book on Calvin ing out soon, was interviewed in Religion & Liberty’s 2009 fall issue. She discusses her book The Forgotten Man and the Great Depression in the interview.

I have also touched on Coolidge on the PowerBlog. In a post titled “Keep Cool with Coolidge,” I linked to a great recording on Coolidge talking about the cost of government spending. Have a listen: [audio:

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Patriotism, Politics and Christianity
Between the outrageous actions of legislators, controversial supreme court decisions and the ing presidential election, every day the news is bombarded with stories and opinions that do not coincide with biblical convictions. This seems to leave many Christians in the United States despairing, disillusioned and detached. While they certainly have legitimate troubles, I’m concerned when I see my fellow Americans retreating from interest in the public sphere because they are so bothered by “the way this country is headed.” Regardless...
If the Constitution Were Written Like Campus Speech Codes
“Limits on free speech is uniquely troubling for the future health of a free society,” wrote Ray Nothstine in an Acton Commentary. “Students e accustomed to having their rights limited, and will be more lethargic in countering possible oppression from a growing and intrusive state.” Nothstine wrote those words in 2008 — and they’ve proven to be distressingly prophetic. Every year for the past decade limitations on speech by students has been increasing, leadingan entire generation to assume such restriction...
Now Available: 92 Lectures from Acton University
We’re pleased to announce that we’ve added 92 lectures from Acton University 2016 to our digital download store! You can pick up the evening plenary lectures from Magatte Wade, Vernon Smith, William Allen, and Acton President Rev. Robert A. Sirico for free – and then select audio froma wide variety of speakers on a diverse range oftopics from the daily sessions, including addresses by intellectuals and experts like Michael Novak , Kim Tan, and Prof. Peter Kreeft, among others. Nobel...
Democratic Party Platform Draft Includes $15 Minimum Wage
Sometimes predicting the future is difficult (ask anyone who thought we’d have flying cars by now). But sometimes foreseeing what is going to happen — at least to a high degree of probability — is all too easy. For example, it’s fairly simple to ascertain that sometime in 2017 or 2018 we will see a huge spike in the unemployment for the working poor and increasing the replacement of low-skilled jobs with automation (i.e., robots). The reason: the $15 minimum...
Overproduction and stewardship
Overproduction, simply put, is supply in excess of demand. It is the production of more goods and services than those in the market would like to purchase.Overproduction, in a well functioning market economy, should be temporary.In a dynamic market driven by entrepreneurs,resources e allocated towards their most highly valued uses. If some clever entrepreneur makes a million shoes, but only sells two pairs, he will be unlikely to overproduce in the future. This is good, because the overproduction signals to...
Video: William B. Allen on the Common Foundation of Christianity and Modern Politics
On Thursday, June 16th, it was a great pleasure to e William B. Allen – Emeritus Professor of Political Philosophy and Emeritus Dean of James Madison College at Michigan State University – as a plenary speaker at Acton University 2016, to deliver an address entitled “A Moral Surprise: The Common Foundation of Christianity and Modern Politics.” Allen used his address to argue that true political freedom requires freedom of conscience as its foundation – a freedom of conscience that cannot...
Natural rights and social duties
“Liberty is not the power of doing what we like, but the right to do what we ought.” – Lord Acton Today, people across the United States will march in parades, set off fireworks, and don red, white, and blue to huge family cookouts, all in celebration of the adoption of the Declaration of Independence. In the years since those first Americans pledged their loyalty to the philosophy of natural rights and the equality of all men, the document has...
For Girls, Sexual Abuse Is the Prison Pipeline
The current debate surrounding overcriminalization and juvenile incarceration is often centered around the male prison population. The debate increasingly overlooks the problems that face young girls caught in the prison pipeline to juvenile detention. New data in the past several years has shown that the prison pipeline for girls often includes a pattern of sexual abuse that is not present in cases involving male delinquents. A 2015 report published by Georgetown Law’s Center on Poverty and Inequality found that girls...
What Would Happen If We ‘Forgive’ Student Loan Debt?
Student debt has e a hot issue this election season, with both Democratic candidates —Clinton and Sanders — offering proposals for forgiving student loans. But what would happen if the U.S. actually forgave student debt? Would the loans simply vanish? Would tuition prices decline? Economist Don Boudreauxexplains what really happens and why “debt forgiveness” merely transfers the debt to others. ...
Community and Economic Development: Transforming Our Cities Through Love
Growing up impoverished in the Grand Rapids area himself, Justin Beene brings a unique perspective to his lecture on Community and Economic Development. He has seen first-hand the good intentions behind top-down investing to eliminate poverty and racial injustice, and the consequential damage wreaked upon munities. Urban cities have largely been developed through three forces: gentrification, pouring resources into them, munity development. Beene asserts that we need to cut off top-down funding and start supporting neighborhoods in solving their own...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved