I believe in the American Constitution. I favor the American system of individual enterprise, and I am opposed to any general extension of government ownership, and control. I believe not only in advocating economy in public expenditure, but in its practical application and actual accomplishment. I believe in a reduction and reform of taxation, and shall continue my efforts in that direction.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "I believe in the American Constitution. I favor the American system of individual enterprise, and I am opposed to any general extension of government ownership, and control. I believe not only in advocating economy in public expenditure, but in its practical application and actual accomplishment. I believe in a reduction and reform of taxation, and shall continue my efforts in that direction." in the context of "Calvin Coolidge, formal acceptance speech of the Republican Party's nomination for President (14 August 1924), as quoted in Coolidge: An American Enigma (1998), by Robert Sobel, Regnery Publishing, p. 292." to mean that wisdom is timeless.