The essence of a university is free and open inquiry, and when it loses that it is no longer a university.

I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.

The easy way to make money is to get special political privilege. From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.

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

I've had the philosophy that John Adams expressed, in the kind of system that we're trying to create in this country: that this is a system for moral people. It will work for no other.

But it [crony capitalism] erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.

The role of business is to provide products and services that make people's live better - while using fewer resources - and to act lawfully and with integrity. Businesses that do this through voluntary exchanges not only benefit through increased profits, they bring better and more competitively priced goods and services to market. This creates a win-win situation customers and companies alike.