True regulation is for the equal benefit of the consumer and the investor, and the only man who will suffer from true regulation is the speculator or the unscrupulous promoter who levies tribute equally from the man who buys the service and from the man who invests his savings in this great industry.
president of the United States from 1933 to 1945 (1882–1945)
Franklin Delano Roosevelt (30 January 1882 – 12 April 1945), often referred to by his initials FDR, was an American statesman and political leader who served as the president of the United States, from 1933, to 1945. A Democrat, he won a record four presidential elections and dominated his party for many years as a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic depression and total war. His program for relief, recovery and reform, known as the New Deal, involved a great expansion of the role of the federal government in the economy.
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We all know that books burn, yet we have the greater knowledge that books cannot be killed by fire. People die, but books never die. No man and no force can put thought in a concentration camp forever. No man and no force can take from the world the books that embody man's eternal fight against tyranny of every kind.
You have read that as a result of the balloting last November, the liberal forces in the United States are on their way to the cemetery — yet I ask you to remember that liberal forces in the United States have often been killed and buried, with the inevitable result that in short order they have come to life again with more strength than they had before.
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Among democracies, I think through all the recorded history of the world, the building of permanent institutions like libraries and museums for the use of all the people flourishes. And that is especially true in our own land, because we believe that people ought to work out for themselves, and through their own study, the determination of their best interest rather than accept such so-called information as may be handed out to them by certain types of self-constituted leaders who decide what is best for them.
It is a fact increasingly manifest that presentation of real news has sharpened the minds and the judgment of men and women everywhere in these days of real public discussion. We Americans begin to know the difference between the truth on the one side and the falsehood on the other, no matter how often the falsehood is iterated and reiterated. Repetition does not transform a lie into a truth.
But it is not enough to achieve these purposes alone. It is not enough to clothe and feed the body of this Nation, and instruct and inform its mind. For there is also the spirit. And of the three, the greatest is the spirit. Without the body and the mind, as all men know, the Nation could not live. But if the spirit of America were killed, even though the Nation's body and mind, constricted in an alien world, lived on, the America we know would have perished.