All the corporate welfare, yeah, it goes from cash payments to debt, to regulations on the competitors, to restrictions on trade, to mandates. You name it, anything so that business doesn't have to do a better job of creating value for others - they can just get the system in their favor.

I try to hire people who will challenge and have the humility to be challenged - people who have basically good values.

All of our policies are based on whether it will make - enable people to improve their lives or it will make their lives worse.

There are now businesses and entire industries that exist solely as a result of federal patronage. Profiting from government instead of earning profits in the economy, such businesses can continue to succeed even if they are squandering resources and making products that people wouldn't ordinarily buy.

How do we make people's lives better unless we find the truth of what works and what doesn't?

Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.

If the legislation helps people improve their lives, then that's great because that's the ultimate goal of all of this.