colonel john did swear in his son after a prayer, they brought a bible for the swearing in by coolidge. i am told, did not put his hand on the bible that was not the family or the vermont way at that time. people apparently asked father john, who told you you could do this, that just a notary could do this? and well, father replied, nobody told me i couldn't. oh, well, that line is very american. and i, under the 10th amendment, all power is not delegated to the federal government. i reserve to the states or to the people. so the people swore in calvin it. this is important not just because it was it was unusual because reflected. what we discovered was that quality of the presidency of coolidge. and he rode down the train to rutland. he became president and he served as a consort to two generally rigorous president. that is, he led with restraint and respect for the other two branches, he believed framers did not seek an ever larger government. so as president coolidge held the line on spending, you know that when he left office the government was smaller than when he came in. coolidg

calvin's father, john coolidge, ran the general store in post office. family home was attached to the back of the store and was a modest. five room story and a half cottage. john coolidge, a well-regarded and respected member of the community and served in numerous ways over the years. calvin had admiration for his father in his many capabilities. calvin would later write in his autobiography he he trusted nearly everybody but lost a surprisingly small amount. sometimes people he had not seen years would return and pay him the whole bill. he was a good businessman, a very hard worker, and did not to see things wasted. no surprise there. calvin went on to add, in addition to his business ability. my father, very skillful with his hands. he worked with a carriage maker for a short time when he was young and the best buggy for 20 years was when he made himself. he had a complete set of tools and can ample do all kinds of building and carpenter. he knew how to lay bricks and was an excellent stonemason. the lines he laid were true and straight and the curve

meanwhile, colonel john coolidge had located the words of the oath of office of the united states constitution, a copy of which was kept in the family home. mr. geiser typed out the oath on three strips of paper that were later signed by present. well, calvin. just raise your right hand and repeat after me. i calvin. i calvin. coolidge. do solemnly swear. do solemnly swear. that i will faithfully execute that. i will faithfully execute the office of president of. the united states. the office of president of the united states. and will to the best of my. and will to the best of my ability. preserve, protect and, defend, preserve, protect and defend. the constitution of the united states. the constitution of the united states. so help me god to. colonel affixed his notary seal on each copy. at 2:47 a.m.. calvin coolidge became the 30th president of the united states, the only president to be sworn in by his father. after taking the oath, the president and first lady went back to bed. the next morning. calvin and grace arose at 6:45 a.m.. calvin visited his mother's grave, and the last cemetery

coolidge had the misfortune from a conventional point of view of dr. ingram in times, although that is not quite right. i think john cochran in the last panel had a very good point about how coolidge did not get in the way. there could be five or 10 or 100 good books written about how politicians, and especially regulators, will see some favorable trend happening and try to get in front of the parade and screw it all up. i will give you a couple of examples. we could have had cell phone at least 15 years earlier than we got them. but for federal government regulations that prevented the market from emerging. my favorite story that almost no one knows. you go to the late '70s. is about halfway between today and the age of coolidge. fax machines were starting to be commercialized. it was slow, expensive, and clunky. you could see it would change the nature of the way officers work, but couriers out of work and so forth. the post office shows up in the frederick medications commission and says, in the law we have a monopoly on the transmission of all first-class mail. and these fax machines will be transmitting mail.

the point coolidge had the misfortune from the conventional point of view of governing during times, although even that's not quite. you know what i think john cochrane in the last panel made a very good point about how coolidge get in the way. there could be five or ten or 100 good books written about how and especially regulators will see some favorable happening and then try to get in front of the parade and just screw it all up. i'll just give you a couple of examples from some of you young people in the audience and some an old guy. you know, we could have had cell at least 15 years earlier than we got them. but hidebound federal government regulation that prevented the market from emerging and favorite story that almost no one knows. and i really need to write this up in a more prominent way than i ever have. you go to the late 70. that's about halfway today and the age of coolidge and the fax machine starting to be commercialized and. it was slow and expensive and clunky. you could see it was going to change the nature of the way offices work. but couriers out of work and so forth. the post office shows up at the federal communication

libertarian tank, and i would like to thank calvin coolidge for the ideas that underlie individual rights free markets and limited government. thank you all. john, one question before we move on. should coolidge permit interstate banking? i don't it was permitted in his time. it was permitted in his time. i think that would have been a great idea. i don't think the was ragged he would run into mass of political because you had thousands of small banks and they all had political power so i don't think it could have been done but yeah it would have been great if he'd just allowed some something to happen on narcotic banking and it ended up with a healthier economy basically doing it right. yeah, that was about the only thing he missed when he comes back. work on that one. thank you. thank you very much, john. we have lot of jobs up here, dr. cochrane, next year and goodbye, doctor. that's so pretentious, so my job is to talk about the economy of the 1920s. i'm an economist by the way, i'm 1920s work the single consequential decade for the lives of everyday americans. this is the contours of modern life happened pretty much all in one decade when

the point is, coolidge had the misfortune from the conventional point of view of governing during quiet times. although even that is not quite right. i think john cochran in the last panel made a very good point about how coolidge did not get in the way. there could be five, 10, or 100 good books written about how politicians and regulators will see something fair in the trade happening and try to get in front of the trade and just screw it all up. i will give you a couple of examples for the young people in the audience. we could have had cell phones at least 15 years earlier than we got them, but federal government regulations that prevented the market from emerging. and my favorite story that almost no one knows, and if you go to the late 70s, that is about halfway between today and the age of coolidge. in the fax machine was starting to be commercialized. it was slow, expensive, and clunky. but you could see it was going to change the nature of the way officers work, put couriers out of work. the post office shows up at the federal communications commission and says you know, in the law we have a monopoly on the transmission of all class ma

john w davis. it was interesting to note that davis like coolidge, had begun his political career as a progressive. while progressivism was gaining wide acceptance, he had ably served under wilson. but like coolidge, davis grew increasingly conservative. by 1924, davis was as conservative as coolidge, which prompted the third party candidate of robert la follette. la follette was a republican, and his running mate was a democrat. that was in the splintered party of the progressive party. an important aspect of coolidge's legacy was the realignment of american political parties, which has continued now for 100 years. coolidge's landslide victory in 1924 established the republican party as the conservative party, while the democrats became the progressive party. shortly after election day, 1924, franklin roosevelt declared that it was, quote, for the democrats wear the livery of the conserve ative end quote. that's the lesson. the democrats have not yet forgotten. the ongoing struggle between conservatism and progressivism still bears. today, the imprint of calvin coolidge. thank you. thank. thank yo

coolidge famous for getting the immigrant vote. what were the immigrants irish americans. there's a gorgeous dissertation by john l. blair, who did work his dissertation at the university of chicago around 1971, detailing every aspect of coolidge, his gubernatorial experience, and counting the votes. and he explains, you think coolidge, you know boston. oh, well coolidge was a swamp. coolidge from western mass. western mass was the frontier. and there were a lot of immigrants. he had a lot of trouble when he didn't go along with what the german brewery wanted or the irish-americans wanted. and he was very those people elected him. so he was if turned against the policeman he was turning it on the very people who gave him his sometimes narrow margin of victory what do you do. he called out the state guard. he called other new england governors, not yet named sununu, but soon to send their state guards. they did. they were all friends they had been together in poland, springs, maine, at a resort. and a few days into the riots even the police themselves were finding themselves appalled. they they didn't mean it to be t