Trump’s Coolidge Moment
When, a century ago, the 30th president acceded to his full second term, he explained the morality of his penchant for penny pinching.

‘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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