Calvin Coolidge, the 23rd President of the United States, made an observation in 1919 about people proposing old ideas as new. He said that "the unlearned" tend to think something is novel just because it has recently become well-known. This quote is referenced by authors Matthew Mitchell and Steven Globerman in their article, which seems to be arguing against socialism. They appear to be implying that socialism is an old idea being presented as new, but this implication is not explicitly stated.
something which is old, and because it has recently come to their own attention, supposing it to be new.
the same old economic ideas that you would have heard 30, 40 years ago.
| Signal | Value | Weight |
|---|---|---|
| Correction rate | 0.000 | 0.4 |
| Uncertainty density | 0.073 | 0.25 |
| Assertive mismatch rate | 0.000 | 0.35 |