Home
/
RELIGION & LIBERTY ONLINE
/
Amity Shlaes on Thrift and Calvin Coolidge
Amity Shlaes on Thrift and Calvin Coolidge
Mar 6, 2026 2:43 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
GBC 08: The beginning of the end
The first full day of programming at GodblogCon 2008 has begun, and the first session was from Andrew Jones, “The Missional Church in the Internet Age.” There was a marked contrast in attitudes towards new media between Jones’ (missional) talk and the following session, led by Ken Myers of Mars Hill Audio. I think John may have more to say on this later. But before Jones’ presentation, conference director Dustin Steeve announced that GodblogCon qua GodblogCon will be no more...
Demonizing deregulation
As the US-incited global financial situation continues to worsen, ever shriller assertions of blame will be cast on one culprit or another. It’s my belief that any development of this magnitude always stems from multiple and interacting causes, but that doesn’t make very good copy. Thomas Frank in the Wall Street Journal yesterday fingers deregulation (and by explicit implication the Republicans who champion it) as the criminal instigator of the financial crisis. Six weeks from election day, Frank has a...
GBC 08: Conversation and culture
In addition to the GodBlogCon coverage here by Jordan, I’d like to point readers to two speakers who gave thought provoking talks on the careful use of language. That is, the careful use of language in a time where language is often treated as an ephemeral or disposable thing in the service of the latest munications widget. Not really. On Saturday, Ken Myers offered “Renewed Minds Online: The Internet, Media Ecology, and the Christian Consciousness.” Myers is host and producer...
Review: Upstream by Alfred Regnery
Shaped by the conservative movement since childhood, publisher Alfred S. Regnery offers an insider’s take on the influence of conservatives in Upstream: The Ascendance of American Conservatism (2008). Regnery’s father Henry started pany in 1947 and published conservative classics such as God and Man at Yale by William F. Buckley Jr., and The Conservative Mind by Russel Kirk. Regnery covers just about everything including think tanks, publishers, candidates, religious conservatives, financial donors, the courts, the Constitution, and free markets. He...
Birth of Freedom Shorts series: Poverty in medieval europe
“If medieval Europe was so great, why were most medievals poor?” This is something you might wonder after viewing Acton Media’s new documentary, The Birth of Freedom. However, in this new video short, expert Sam Gregg reminds viewers that in order to make parisons regarding the living standards of peasants in Medieval Europe, we must be mindful of historical context and technological progress to that point. Acton Media’s video shorts from The Birth of Freedom are designed to provide additional...
GBC 08: Opening night dinner
I have safely arrived at my hotel for the weekend, my home base for this year’s GodblogCon. Tonight is the first event, an opening night dinner at the Rainforest Cafe in the MGM Grand, generously sponsored by the Family Research Council. The Family Research Council is celebrating its 25th anniversary this year. Congratulations to FRC on the fine work they continue to do. Be sure to visit their site and add the FRC Blog to your feed reader. John Couretas...
Marriage movie
Opening this weekend in many markets is an enjoyable movie with a meaningful message, Fireproof. My wife and I had the opportunity to screen it a few weeks ago, and came away impressed. The story behind the story is itself interesting: A Georgia church decided several years ago to try to influence the culture in a positive way, and determined that making movies was the way to do it. They enlisted a handful of professionals, but in large part the...
Hanna on NRO: Virtue and volatility
Frank J. Hanna III, Georgia CEO of Hanna Capital and cofounder of the Solidarity Foundation, is author of the new book What Your Money Means (and How to Use It Well). Hanna, a board member of the Acton Institute, talked to National Review Online editor Kathryn Lopez in a Q&A titled “Virtue and Volatility” about earning money, using it well, the market meltdown, and more. Excerpt: Lopez: What do love, virtue, and religious faith have to do with money? Hanna:...
Programs in the history of American economy
Three items have crossed my email inbox over recent weeks that may be of interest to PowerBlog readers. The first two are from the Program in Early American Economy & Society (PEAES). The Seventh Annual Conference of the Program in Early American Economy & Society conference is titled, “Markets & Morality: Intersections of Economy, Ethics, and Religion in Early North America.” The conference will be held on November 7, 2008, at the Library Company in Philadelphia, PA. There are a...
GBC 08: The Birth of Freedom
This morning we opened the final day of GodblogCon 2008 with an exclusive premiere of the Acton Institute’s new documentary, The Birth of Freedom. I had occasion to think about one of the pelling parts of the film when I came across this blog post from Justin Taylor. JT shares a section from Dr. Martin Luther King Jr’s address at Western Michigan University, December 18, 1963. A key point: But we must go on to say that while it may...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved