The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

You can't have the capitalist system if an increasing number of people think it is unjust.

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.