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.

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.

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

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.

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

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

The world does not owe men a living, but business, if it is to fulfill its ideal, owes men an opportunity to earn a living.

When boasting ends, there dignity begins.