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.

A good many things go around in the dark besides Santa Claus.

The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.

I have on numerous occasions, as you know, expressed my sympathy in the establishment of a National Home for the Jews in Palestine and, despite the set-backs caused by the disorders there during the last few years, I have been heartened by the progress which has been made and by the remarkable accomplishments of the Jewish settlers in that country.

The more complex the problems of the Nation become, the greater is the need for more and more advanced instruction.

Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.

The job is nothing but a twenty-ring circus-with a whole lot of bad actors.