The danger to America is not in the direction of the failure to maintain its economic position, but in the direction of the failure to maintain its ideals.

There is no escaping the fact that when the taxation of large incomes is excessive, they tend to disappear.

A government which lays taxes on the people not required by urgent public necessity and sound public policy is not a protector of liberty, but an instrument of tyranny. It condemns the citizen to servitude.

Governments are necessarily continuing concerns. They have to keep going in good times and in bad. They therefore need a wide margin of safety. If taxes and debt are made all the people can bear when times are good, there will be certain disaster when times are bad.

School is not the end but only the beginning of an education.

Civilization and profit go hand in hand.

It is very difficult to reconcile the American ideal of a sovereign people capable of owning and managing their own government with an inability to own and manage their own business.