The three great ends which a statesman ought to propose to himself in the government of a nation are, — 1. Security to possessors; 2. Facility to acquirers; and 3. Hope to all.
Government control gives rise to fraud, suppression of Truth, intensification of the black market and artificial scarcity. Above all, it unmans the people and deprives them of initiative, it undoes the teaching of self-help.
I view the relationship with Canada as a vital relationship for the United States. The relationship, of course, is defined government-to-government. It's also defined people-to-people, and there's a lot of people in my country who respect Canada and have great relations with Canadians, and we intend to keep it that way.
Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of today.
[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.
The prudent capitalist will never adventure his capital . . . if there exists a state of uncertainty as to whether the Government will repeal tomorrow what it has enacted today.
The labor unions shall have a square deal, and the corporations shall have a square deal, and in addition, all private citizens shall have a square deal.
In a healthy nation there is a kind of dramatic balance between the will of the people and the government, which prevents its degeneration into tyranny.