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"Calvin Coolidge and The Great Depression: When less led to more" in The Economist reviews the new biography Coolidge by 4% Growth Project Director Amity Shlaes.
"American readers who believe intervention to be a good thing are likely to blanch at a controversial new biography of Coolidge by Amity Shlaes, an American columnist and historian of the Depression. However, if they are brave enough to read on they will also discover a presidency of remarkable achievement that has received too little attention. During Coolidge’s tenure American debt fell by one-third, the tax rate by half and unemployment collapsed."
The Economist review, and Shlaes' biography, examines not only the presidency of Calvin Coolidge, but his upbringing and the philosophy that guided "the great refrainer". The 30th president can be remembered as much for what he did not do than for what he did - demonstated in Coolidge's own famous words: "It is much more important to kill bad bills than to pass good ones".
The review notes the economic state of the country before and after President Coolidge and concludes, " Ms. Shlaes’s biography provides a window onto an unfairly tarnished period. It deserves to be widely read."
Read the full article here.
TARIFF-IED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.