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.

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.

It takes vision and courage to create

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

We are not to judge thrift solely by the test of saving or spending. If one spends what he should prudently save, that certainly is to be deplored. But if one saves what he should prudently spend, that is not necessarily to be commended. A wise balance between the two is the desired end.

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.

It takes visions and courage to create. It takes faith and courage to prove.