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.

I can at once refute the statement that the people of the West object to conservation of oil resources. They know that there is a limit to oil supplies and that the time will come when they and the Nation will need this oil much more than it is needed now. There are no half measures in conservation of oil.

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.

I returned to the white House after midnight more depressed than ever before. I had long since arranged to attend the World Series in Philadelphia the next day. Although I like baseball, I kept this engagement only because I felt that my presence at a sporting event might be a gesture of reassurance to a country suffering from a severe attack of 'jitters.'

There is no more cruel illusion than that war makes a people richer.

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

The President is not only the leader of a party, he is the President of the whole people. He must interpret the conscience of America. He must guide his conduct by the idealism of our people.