Those who call attention to the permanent things are always fresh. The 1990s would be wise to listen to this voice for the 1920s, speaking about principles that never age. Coolidge talked honestly about the nature of wealth and of individual responsibility. The normal must take care of themselves. History reveals no civilized people among whom there was not a highly educated class and large aggregations of wealth.
Large profits mean large payrolls.
The goal of public policy, in Coolidge's view, was not to redistribute wealth, but to create it. The only way that we can all secure more of it is to create more. Coolidge also saw that there is a tie between wealth, individual character, and social progress. Wealth is the product of industry, ambition, character and untiring effort. In all experience, the accumulation of wealth means the multiplication of schools, the increase of knowledge, the dissemination of intelligence, the encouragement of science, the broadening of outlook, the expansion ofliberty, the widening of culture.