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" "Economy is idealism in its most practical form.
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.
Biography information from Wikiquote
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It must be the hope of every American citizen to maintain here as a permanent establishment, and as a perpetual inheritance for Americans of the future, the full measure of benefits and advantages which our people have been privileged to enjoy. It is our earnest wish to cooperate and to help in every possible way in restoring the unfortunate countries of the Old World. We want to help them to rid themselves of the bad traditions, the ancient animosities, the long established hostilities. We want our America to continue an example and a demonstration that peace, harmony, cooperation and a truly national patriotic sentiment may be established and perpetuated on an American scale. We believe our first great service to the Old World will be in proving this. And in proving it, we shall be doing the things that will best equip us, spiritually and materially, to give the most effective help toward relieving the suffering nations of the Old World.
There is no other foundation on which freedom has ever found a permanent abiding place. We shall have to make our decision whether we wish to maintain our present institutions, or whether we wish to exchange them for something else. If we permit some one to come to support us, we can not prevent some one coming to govern us. If we are too weak to take charge of our own mortality, we shall not be strong enough to take charge of our own liberty. If we can not govern ourselves, if we can not observe the law, nothing remains but to have some one else govern us, to have the law enforced against us, and to step down from the honorable abiding place of freedom to the ignominious abode of servitude.
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It is gratifying to report that the progress of industry, the enormous increase in individual productivity through labor-saving devices, and the high rate of wages have all combined to furnish our people in general with such an abundance not only of the necessaries but of the conveniences of life that we are by a natural evolution solving our problems of economic and social justice.