Americans today place enormous pressure on presidents to “do something”…anything, to get the economy going. There was one president, though, Calvin Coolidge, who did “nothing” — other than shrink government. What happened? America’s economy boomed. Is there a lesson to be learned? Award-winning author, historian, and biographer Amity Shlaes thinks so.
Coolidge delivered his first and only in-person State of the Union address on December 6, 1923. This was his first address to a joint session of Congress since ascending to the presidency in the wake of President Harding’s death, and Coolidge led with remarks praising President Harding for his service to our country.