I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.

We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.