I’m piggybacking here (and a few days late at that) on another excellent blog post by the always enjoyable Burt Folsom. Next to Calvin Coolidge, there is hardly a politician dearer to my heart than Andrew Mellon (ol’ Andy Mellon, as Coolidge is supposed to have referred to him; not to his face, one assumes). Folsom neatly and briefly encapsulates Mellon’s accomplishments; for anyone interested in the full account, the substantial biography by David Cannadine is highly recommended. Taxation to Mellon was “the people’s business” and with the full support of presidents Harding and Coolidge, he strove to reduce the tax burden on all except the very rich while reducing the onerous debt burden left over from WWI. There is some poignancy in that Mellon’s life, while outwardly a huge success story, was tinged with failure and sadness on the personal and relationship levels – and, as Folsom mentions, the final years of his life were marred by the politically motivated campaign waged against him by FDR. He deserves to be remembered with respect and admiration.