It is one of the happy incidents of the federal system that a single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.

Those who won our independence... valued liberty as an end and as a means. They believed liberty to be the secret of happiness and courage to be the secret of liberty.

In business, the earning of profit is something more than an incident of success. It is an essential condition of success. It is an essential condition of success because the continued absence of profit itself spells failure.

There is no good writing; there is only good rewriting.

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

The world presents enough problems if you believe it to be a world of law and order; do not add to them by believing it to be a world of miracles.

We shall have lost something vital and beyond price on the day when the state denies us the right to resort to force.