Borrowing for expansion is one thing; borrowing to make up for mismanagement and waste is quite another.

Wars do not end wars any more than an extraordinarily large conflagration does away with the fire hazard.

No government can guarantee security. It can only tax production, distribution and service and gradually crush the power to pay taxes. That settles nothing. It only uses up the gains of the past and postpones the developments of the future.

Businesses that grow by development and improvement do not die.

Every piece of work in the shops moves. Save 10 steps a day for each of the 12,000 employees, and you will have saved 50 miles of wasted motion and misspent energy.

If I'd listened to customers, I'd have given them a faster horse.

Who stops learning may be old.