We can afford all that we need; but we can not afford all [that] we want.

The royalists of the economic order have conceded that political freedom was the business of the government, but they have maintained that economic slavery was nobody's business. They granted that the government could protect the citizen in his right to vote, but they denied that the government could do anything to protect the citizen in his right to work and his right to live. Today we stand committed to the proposition that freedom is no half-and-half affair. If the average citizen is guaranteed equal opportunity in the polling place, he must have equal opportunity in the market place.

To bring about government by oligarchy, masquerading as democracy, it is fundamentally essential that practically all authority and control be centralized in our Federal government. . . The individual sovereignty of our states must first be destroyed.

All private plans, all private lives, have been in a sense repealed by an overriding public danger.

The hand that held the dagger has struck it into the back of its neighbor.

Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order: there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money, and there must be provision for an adequate but sound currency.

What worries me, especially, is that public opinion over here is patting itself on the back every morning and thanking God for theAtlantic Ocean (and the Pacific Ocean). We greatly underestimate the serious implications to our own future.... Things move with such terrific speed these days, that it is really essential to us to think in broader terms and, in effect, to warn the American people that they, too, should think of possible ultimate results in Europe and the Far East.