Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.

I see nothing in the present situation that is either menacing or warrants pessimism.

Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.

Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.

A nation is not in danger of financial disaster merely because it owes itself money.

I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.

Any man of energy and initiative can get what he wants out of life. But when initiative is crippled by legislation or by a tax system which denies him the right to receive a reasonable share of his earnings, then he will no longer exert himself and the country will be deprived of the energy on which its continued greatness depends.