- North Korea: Not a single vote cast against Kim Jong-un
- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
Taxpayers must pay the freight for over-budget train projects
Topic - Andrew Mellon
When Ronald Reagan chose to hang a portrait of Calvin Coolidge in the White House Cabinet room, he was making a policy statement: Coolidge was a seriously underrated president, and the 30th president had a view of taxation in sync with his own. Six decades earlier, Coolidge had branded taxation that was "not absolutely required" as "only a species of legalized larceny."
I am indebted to Amity Shlaes for gently correcting a joke of mine that dates back to July 8, 1972. On that day in the New York Times, I joshed that President Calvin Coolidge "probably spent more time napping than any President in the nation's history" and therefore was a successful president.