The recognition of Russia on November 16, 1933, started forces which were to have considerable influence in the attempt to collectivize the United States.

If America is to be run by the people, it is the people who must think. And we do not need to put on sackcloth and ashes to think. Nor should our minds work like a sundial which records only sunshine. Our thinking must square against some lessons of history, some principles of government and morals, if we would preserve the rights and dignity of men to which this nation is dedicated.

There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.

Liberalism should be found not striving to spread bureaucracy but striving to set bounds to it. True liberalism seeks all legitimate freedom first in the confident belief that without such freedom the pursuit of all other blessings and benefits is vain. That belief is the foundation of all American progress, political as well as economic.

Every collectivist revolution rides in on a Trojan horse of "emergency". It was the tactic of Lenin, Hitler, and Mussolini. In the collectivist sweep over a dozen minor countries of Europe, it was the cry of men striving to get on horseback. And "emergency" became the justification of the subsequent steps. This technique of creating emergency is the greatest achievement that demagoguery attains.

The Union has become not merely a physical union of states, but rather a spiritual union in common ideals of our people. Within it is room for every variety of opinion, every possible experiment in social progress. Out of such variety comes growth, but only if we preserve and maintain our spiritual solidarity.

One who brandishes a pistol must be prepared to shoot.