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" "While we are thus desirous of the economic welfare of other countries in part because of its relation to world peace, we ought to remember that our own Government owes a great duty to the American people in this direction. It is for this reason in part that I have insisted upon a policy of constructive economy in the national administration. If we can make the circumstances of the people easy, if we can relieve them of the burden of heavy taxation, we shall have contributed to that contentment and peace of mind which will go far to render them immune from any envious inclination toward other countries. If the people prosper in their business, they will be the less likely to resort to the irritating methods of competition in foreign trade out of which arise mutual misunderstandings and animosities. They will not be driven to the employment of sharp practices in order to support and maintain their own position. Being amply supplied with their own resources, they will not be so inclined to turn covetous eyes toward the resources of other nations.
John Calvin Coolidge Jr. (4 July 1872 – 5 January 1933) was the 30th president of the United States (1923–29). A Republican lawyer from Vermont, Coolidge worked his way up the ladder of Massachusetts state politics, eventually becoming governor of that state. His response to the Boston Police Strike of 1919 thrust him into the national spotlight and gave him a reputation as a man of decisive action. Soon after, he was elected as the 29th vice president in 1920 and succeeded to the presidency upon the sudden death of Warren G. Harding in 1923. Elected in his own right in 1924, he gained a reputation as a small-government conservative.
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Very little danger exists of an open and avowed assault upon the principle of individual freedom. It is more likely to be in peril indirectly perhaps from the avowed intention of protecting it or enlarging it. Out of a long experience with many tyrannies abroad and a weak and inefficient government at home, the Constitution of the United States was adopted and ratified. The people who largely contributed to the early settlement of America came to escape the impositions of despotic kings. Many of the early inhabitants were separatists from the established church. They fled under the threat of the English King, that he would make them conform or harry them out of the land. Their descendants fought the Revolutionary war in order that they might escape the impositions of a despotic parliament.
It must always be borne in mind that each and every individual is not only a producer but a consumer. In the final analysis of our conditions, we have to admit that it is not lack of consumption, but lack of production which is our present economic danger. The immigrant is needed, provided this fact is overcome, provided supply—whether in schools, in homes, or in shoes—does not fall behind demand. The public could today consume much more of the necessities of food, shelter and clothing than they are able to procure or have ever been able to procure in a country where the standard of living is so high. If, through cheap labor, and an increased willingness on the part of alien labor to live on the edge of existence, these standards are threatened, then is the time to bring legislative action to bear on the situation.
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Our generation has recently lived through times still so vivid as to seem but as yesterday, which have taught us deeply to appreciate the value of union in purpose and effort. We have come to see as through a crystal that in the national variety of talents and resources, of cultures and capacities, of climates and of soils, of occupations and of interests, lies the guaranty of both our power and our authority. More than that, they have taught us how heavy and important is our responsibility in the world.