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.
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Source Notes: Source: President CALVIN COOLIDGE, inaugural address, March 4, 1925.Coolidge, Foundations of the Republic, p. 201 .
John Calvin Coolidge, Jr. (July 4, 1872 January 5, 1933) was the twenty-ninth Vice President (1921-1923) and the thirtieth President of the United States (1923-1929), succeeding to that office upon the death of Warren G. Harding.