Character is the fundamental basis for business and good government

President Calvin Coolidge once asked the wealthy financier J.P. Morgan what criteria he used before lending money to a potential borrower. Morgan’s answer was succinct and still applies today. He responded that the “first thing in life…was character. To destroy someone‚Äôs reputation for character was to destroy his credit, which in turn hurt commerce. Character, he said, was the fundamental basis of business. Character was all.”

I believe that integrity and trust are fundamental to good government. A lack of character is not only bad for business; it is also bad for government. A government which is led by a leader with a lack of character is a government which is not credible.