US Presidency
1928

As to our great manufacturing and distributing industries, the Republican Party insisted up on the enactment of laws that not only would maintain competition but would destroy conspiracies to destroy the smaller units or dominate and limit the equality of opportunity amongst our people. One of the great problems of government is to determine to what extent the Government shall regulate and control commerce and industry and how much it shall leave it alone. No system is perfect. We have had many abuses in the private conduct of business. That every good citizen resents. It is just as important that business keep out of government as that government keep out of business. Nor am I setting up the contention that our institutions are perfect. No human ideal is ever perfectly attained, since humanity itself is not perfect. The wisdom of our forefathers in their conception that progress can only be attained as the sum of the accomplishment of free individuals has been re enforced by all of the great leaders of the country since that day.