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 am convinced that ... we have reestablished confidence. Wages should remain stable. A very large degree of industrial unemployment and suffering which would otherwise have occurred has been prevented.

Somebody has inquired as to whether I will be going to the opening baseball game. I hope to have that pleasure.

I dare predict that the influence of the Treaty of Renunciation of War will be felt in a large proportion of all future international acts.

The rigid volunteer rules of right and wrong in sports are second only to religious faith in moral training.

Blessed are the young for they shall inherit the national debt.

With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.