Calvin Coolidge, inaugural address (March 4, 1925); republished by Coolidge in Foundations of the Republic (1926), p. 201.
“
I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical form.
— Calvin Coolidge on Government spending
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical form." in the context of "Calvin Coolidge, inaugural address (March 4, 1925); republished by Coolidge in Foundations of the Republic (1926), p. 201." to mean that wisdom is timeless.
Source: Wikiquote: "Government spending" (Quotes)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About Calvin Coolidge
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.
About Calvin Coolidge
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.
View all quotes →