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By Franklin Delano Roosevelt

So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.

Source
Inaugural Address, March 4, 1933
Read at
The American Presidency Project (transcript made from video of the speech as delivered; see APP Note on the page)

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From Franklin D. Roosevelt's First Inaugural Address, delivered March 4, 1933, as the nation faced the Great Depression. This is the wording as delivered. The popular short form is "The only thing we have to fear is fear itself."

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