I really believe that more harm is done by old men who cling to their influence than by young men who anticipate it.

We wake up to find the whole world building competitive trade barriers, just as we found it a few years ago building competitive armaments. We are trying to reduce armaments to preserve the world's solvency. We shall have to reduce competitive trade barriers to preserve the world's sanity. As between the two, trade barriers are more destructive than armaments and more threatening to the peace of the world.

Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction.

What I am concerned about in this fast-moving world in a time of crises, both in foreign and domestic affairs, is not so much a program as a spirit of approach, not so much a mind as a heart. A program lives today and dies tomorrow. A mind, if it be open, may change with each new day, but the spirit and the heart are as unchanging as the tides.

Capital which overreaches for profits; labor which overreaches for wages, or a public which overreaches for bargains will all destroy such other. There is no salvation for us on that road.

The man who can put himself in the place of other men, who can understand the workings of their minds, need never worry about what the future has in store for him.

Government means politics, and interference by government carries with it always the implication of coercion. We may accept the expanding power of bureaucrats so long as we bask in their friendly smile. But it is a dangerous temptation. Today politics may be our friend and tomorrow we may be its victims.