These code authorities could regulate production, quantities, qualities, prices, distribution methods, etc., under the supervision of the NRA. This was fascism.

All that is needed to set us definitely on the road to a Fascist society is war. It will of course be a modified form of Fascism at first.

We seem to be a long way off from the kind of Fascism which we behold in Italy today, but we are not so far from the kind of Fascism which Mussolini preached in Italy before he assumed power, and we are slowly approaching the conditions which made Fascism there possible.

It is the principal paradox of this period that the only sphere of our economic system in which government intervention is urgently necessary is also the only point at which action of the State is now effectively inhibited. It is in the region of wages and prices that we really require the continual economic leadership of government, but in our prevailing trade structure any such suggestion has come to be regarded as impious.

He doesn't think he should be on supervision. He thinks he's too good for it.

The essence of fascism is to make laws forbidding everything and then enforce them selectively against your enemies.