On Saturday, February 6 the Coolidge Foundation partnered with the New York City Urban Debate League to sponsor the first Coolidge Cup Invitational. More than 400 New York City debaters converged on Bronx Science and Bronx Collaborative High Schools for this day of contest. Students debated whether or not the federal government should implement a carbon tax. The day began with a seminar and mock debate led by Dr. Ike Brannon. Dr. Brannon is president of the consulting firm Capital Policy Analytics and head of the Savings and Retirement Foundation. He has worked on Capitol Hill in a number of capacities, including as chief economist for the House Energy and Commerce Committee. Dr. Brannon explained a number of tax-related concepts to the students, including how taxes can be used to discourage people from purchasing taxed items. We were very grateful to have him join us for the event.
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.