Fear of serious injury alone cannot justify oppression of free speech and assembly. Men feared witches and burnt women. It is the function of speech to free men from the bondage of irrational fears.

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

History is not life, but since only life makes history, the union of the two is obvious.

Sunshine is the best disinfectant

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

Nearly all legislation involves a weighing of public needs as against private desires; and likewise a weighing of relative social values.

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.