Editor's Note: Steve Chapman is on vacation. The following column was originally published in April 2004.

Calvin Coolidge was probably not the smartest president this country has ever had, but he once composed a statement that in retrospect can only be described as brilliant: "I do not choose to run for president in 1928." If he had been re-elected, he would have presided over the Crash of 1929, to his eternal discredit. Instead, the shantytowns of jobless people that sprung ...

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