The madman theory can work, but it only works if it's strategic. And I think one of the problems that President Trump faces is people don't really know how much strategy is here and how much is he just sort of talking off the top of his head. And I think North Korea is a really classic case of a potentially insoluble problem, a problem that you have to manage.

The money matters. And secret money is corrupting, secret money is dangerous, secret money leads to scandal.

I think Donald Trump simply needs to make himself look less bigoted, less dangerous, more comfortable to people.

What is working in the economy is a natural comeback plus some effects of the policies we've been following. But I'm sort of worried about the long term effects.

.. the publication of Friedrich A. von Hayek's The Road to Serfdom in 1944 is rightly seen as the first shot in the intellectual battle that was to turn the tide in favor of conservatism i.e. non-statist liberalism .

What I am really worried about is that Donald Trump steps outside norms about, for example, what he does about his business. If he holds on to his business or just lets his kids run it, this opens up enormous possibilities for conflicts of interest.

On the question of opposition, I think there are - when you want to send a signal if you're on the Democratic side that this is a very right wing cabinet at odds with so much of what [Donald] Trump said. And it's also going to be fascinating to see if your Republican Party in the congress actually goes along with those aspects of the Trump plan that are designed to raise wages.