No centralized government, no matter how big, how smart or how powerful, can effectively and efficiently control much of society in a beneficial way. On the contrary, big governments are inherently inefficient and harmful.

I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.

If you have methods without principles, you're going to have trouble. But if you develop methods based on principles, then you can make progress.

The way - the principle way that human beings had gotten out of extreme poverty is free trade.

A market system is not a profit system, it's a profit-and-loss system.

The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.

Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.