If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.

Government is the natural enemy of freedom.

There is in government a living impulse to extend itself indefinitely; and there is in freedom a necessity to resist that impulse.

There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom.

It is the function of the President, representing the executive principle, to execute the laws.

Well, where there is freedom doubt itself must be free.

Formerly government was the responsibility of people; now people were the responsibility of government.