Home
/
RELIGION & LIBERTY ONLINE
/
Amity Shlaes on Thrift and Calvin Coolidge
Amity Shlaes on Thrift and Calvin Coolidge
Mar 6, 2026 4:17 PM

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
Star Wars is About Broken Homes
Some people will try to tell you that the Star Wars saga is about the conflict between the light and the dark sides of the force, between the Jedi and the Sith. Some will defend the Jedi as virtuous warrior monks. Others will try to tell you that the whole story is about bad parenting. Star Wars is really about family, but it is too easy to blame the parents and the Skywalkers in particular. The films in fact illustrate...
The Odds are Never In Our Favor
In this week’s Acton Commentary, I take a look at “The Moral and Economic Poverty of the Lottery.” I take a look at the main parties involved: the winners, the players, and the government, and conclude, “Far from a force for good, lotteries are a danger to society.” The problems with lotteries and gambling more generally are various and sundry. But Gerda Reith captures a fundamental aspect when she writes that “the state-sponsored fantasy of the big win turns the...
Living in the Mystery of Kingdom Stewardship
When es to economic stewardship, Christians are called to aframe of mind distinct from the world around us. Thoughwe, like anyone, will sowand bear fruit, ours is an approach driven less by ownership than bypartnership, a collaboration with a source of provision before and beyond ourselves.This altershow we create, manage, and invest as individuals. But it mustn’t end there, transforming our churches, businesses, and institutions, from the bottom up and down again. In some helpful reflections from the inner workings...
Conference brings together Pope and corporate executives
Corporate leaders are working to mon ground with the Roman Catholic Church when es to ethics and global business. A recent conference in Rome brought together the Pope, Vatican leaders, and global business executives. The purpose was to improve the relations between the two groups after some of Pope Francis’ ments on finance and capitalism. Francis X. Rocca recently wrote about the meeting for the Wall Street Journal: At the two-day meeting organized by the Global Foundation, an Australian nonprofit...
Is Bankrupting Coal Companies Really Social Justice?
The progressive shareholder activists over at the Interfaith Center on Corporate Responsibility have made it one of their core missions to panies in which they invest away from fossil fuels – and bankrupting them if necessary. To achieve this goal, according to their website, ICCR members seek to panies along a “hierarchy of impact” that will gradually reduce their reliance on fossil fuels and advance their progress towards greater sustainability. Understanding its importance in driving the energy transition, ICCR members...
Could Billionaires End Extreme Poverty?
Extreme poverty—defined as living on less than $1.25 a day—has declined by half since 1990, and could theoretically be eliminated across the globe in the next few decades. But there are three countries—Colombia, Georgia, and Swaziland—where a single resident billionaire could eliminate extreme poverty altogether, for at least 15 years. In six other nations, that goal could be achieved by having all the countries billionaires pool their resources. That’s the finding in an intriguing article by Laurence Chandy, Lorenz Noe,...
‘Dark Money’ and Leftist Hypocrisy
Poor Rod Serling. Had the Twilight Zone and Night Gallery host lived it’s assured he’d provide the voice talent for the audio book version of Jane Mayer’s Dark Money: The Hidden History of the Billionaires behind the Rise of the Radical Right. He’d also have a steady gig lending his portentous phrasings to such addle-brained prose as the following from the Interfaith Center on Corporate Responsibility [readers may insert Serling’s “Submitted for your approval” at their discretion]: Unchecked corporate cash...
Gospel as Oasis: Bringing Economic Flourishing to Urban Deserts
“The Bible has a rich desert theology…He will cause rivers to flow, even in desert conditions.” –Christopher Brooks Pastor Christopher Brooks and Evangel Ministries have demonstrated a unique model of urban ministry in Detroit, focusing not just on meeting immediate needs through traditional channels, but on fostering a vision of long-term, whole-life discipleship. In a talkfor theOikonomia Network, Brooks offers invaluable perspective from his years of ministry, concluding that the gospel has the power to bring economic flourishing to munities....
The Salvation Army Develops New Poverty Measure
“Majority of U.S. public school students are in poverty” That was the headline of a Washington Post article published almost exactly a year ago. The main pointof the article was that, “For the first time in at least 50 years, a majority of U.S. public school e from e families, according to a new analysis of 2013 federal data, a statistic that has profound implications for the nation.” The claim is overblown and misleading (for reasons I explain here) but...
What Kind of Socialist is Bernie Sanders?
While many politicians tend to avoid the labels “liberal” or “progressive,” Democratic presidential candidate and Vermont Senator Bernie Sanders proudly self-identifies as a “socialist.” While at the University of Chicago in the early 1960s, Sanders joined the Young People’s Socialist League, the youth affiliate of the Socialist Party of America, and has remained a outspoken advocate for socialism ever since. But exactly what kind of socialist is Sanders? Faced with the prospect, albeit unlikely, that an avowed socialist may actually...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved