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" "They claim to be super-patriots, but they would destroy every liberty guaranteed by the Constitution. They demand free enterprise, but are the spokesmen for monopoly and vested interest. Their final objective toward which all their deceit is directed is to capture political power so that, using the power of the state and the power of the market simultaneously, they may keep the common man in eternal subjection.
Henry A. Wallace (October 7, 1888 – November 18, 1965) was an American economist and politician. He was the thirty-third vice president of the United States (1941–45), the eleventh secretary of agriculture (1933–40), and the tenth secretary of commerce (1945–46). In the 1948 presidential election, Wallace was the nominee of the Progressive Party.
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My first introduction to economics came by way of Professor B.H. Hibbard. I remember being asked in 1910, at the close of my college course, who had influenced me most, and I said Professor Hibbard. Later, of course, we came to disagree violently about the McNary-Haugen Bill and some other things; but I still think that Professor Hibbard is a very good teacher.