The tax-exempt privilege is a feature always reflected in the market price of [municipal] bonds. The investor pays for it.

I abhor averages. I like the individual case. A man may have six meals one day and none the next, making an average of three meals per day, but that is not a good way to live.

In the frank expression of conflicting opinions lies the greatest promise of wisdom in governmental action.

Those who won our independence believed that the final end of the state was to make men free to develop their faculties... They valued liberty both as an end and as a means. They believed liberty to be the secret of happiness and courage to be the secret of liberty... that public discussion is a political duty; and that this should be a fundamental principle of the American government.

Strong, responsible unions are essential to industrial fair play. Without them the labor bargain is wholly one-sided. The parties to the labor contract must be nearly equal in strength if justice is to be worked out, and this means that the workers must be organized and that their organizations must be recognized by employers as a condition precedent to industrial peace.

The right most valued by all civilized men is the right to be left alone.

If you would venture, let your mind be bold . . . not reckless but bold.