Laissez-Faire: Silent Cal’s Cure for the Depression of 1920-21

While visiting his Vermont hometown on the morning of August 3, 1923, Calvin Coolidge received the phone call for which no vice president is ever prepared. The controversial Warren G. Harding, infamous for his role in the Teapot Dome Scandal, had died. In preparing for the sudden transition into the America’s highest political office, his father,…