Tag Archives: depression

The Business of Business

BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com

“The chief business of the American people is business.”

Calvin Coolidge said that to a group of newspaper editors in 1925, smack dab in the middle of the Roaring 20’s, a decade of brisk economic growth. It was also in the middle of a huge stock market bubble (a bubble which would collapse four years later).

Coolidge summarized perfectly both the Republican and the business sector’s approach to government. Get the government out of the way and let business take care of the people through greater prosperity. Continue reading