We must measure what leads to results, not simply what is easy to measure.

If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.

I don't believe in a plumb line. I believe in the exchange of ideas.

Our vision controls the way we think and, therefore, the way we act the vision we have of our jobs determines what we do and the opportunities we see or don't see.

America was the first country in history to be founded on, people have rights. Not the divine right of kings, not the emperor's a god, or idolized, or we have to do what the dear leader says. And, expressly, that it's a system of equal rights, and then governments are instituted to secure those rights.

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.

In America, the first thing we have to get rid of is entitlements for the wealthy, and at the same time, open up the economy to the disadvantaged.