I believe in the American Constitution. I favor the American system of individual enterprise, and I am opposed to any general extension of government ownership, and control. I believe not only in advocating economy in public expenditure, but in its practical application and actual accomplishment. I believe in a reduction and reform of taxation, and shall continue my efforts in that direction.
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From his formal acceptance of the Republican party’s nomination for President, as quoted in Coolidge: An American Enigma,Robert Sobel,Regnery Publishing (1998),p. 292 : ISBN 0895264102, 9780895264107
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Sobel gives the date of this address as 14 August 1924.Calvin Coolidge
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