I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

If prices go down, we will have problems - problems in the sense of spillover to other areas.

If I say something which you understand fully in this regard, I probably made a mistake.

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

Revolutions are something you see only in retrospect.

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

Productivity is notoriously difficult to predict.