It would be especially tragic if the people who most cherish ideals of peace who are most anxious for political cooperation on a wider than national scale made the mistake of underestimating the pace of economic change in our modern world.

No one in this world has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.

Nobody ever went broke underestimating the taste of the American public.