What was Calvin Coolidge's core economic philosophy?
My core belief is that government should be limited. Prosperity arises from individual enterprise and free markets, not from government intervention. We must have faith in the people and their capacity for self-reliance. Excessive regulation and taxation stifle this natural growth. My aim was to create an environment where honest industry and thrift could flourish. As I said, 'We do not need more government; we need less.' This principle underpins my approach to economic policy.
Ask Calvin Coolidge the follow-up →