Never was it [Capitalism] imposed on life as a system, or at all. It grew out of life, not all at once but gradually, and is therefore one of the great natural designs. When it was found and identified by such men as Adam Smith, who wrote its bible, and Karl Marx, who wrote its obituary too soon, it was already working.

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

The New Deals enmity for that system of free and competitive private enterprise which we call capitalism was fundamental.

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

There is a long history of monetary experience. It tells us that government is at heart a counterfeiter and therefore cannot be trusted to control money, and that this is true of both autocratic and popular government.

No government can provide social security. It is not in the nature of government to be able to provide anything. Government itself is not self-supporting. It lives by taxation. Therefore, since it cannot provide for itself but by taking toll of what the people produce, how can it provide social security for the people?

Business is in itself a power.