In environments where corporations become too interventionist and capture regulation themselves, the government must be able to battle back so that the people have a chance.

The United States is not longer going to be the world's policemen and our days of determining you're in or you're out around the world no matter what the level of direct American interest or connection are going to be very limited. Increasingly, Africa will be doing that.

There is always the risk that a conflagration in the Middle East becomes larger and more dangerous. In this scenario, we discover that the Arab Spring was merely the prelude to a deeper and much farther-reaching upheaval in the region that has greater impact on countries like Iran and Saudi Arabia.

I would rather people not smoke. I certainly appreciate the fact that smoking is not legal in restaurants and bars. That used to stop me from going out at night because you'd go someplace and your clothes would reek and you wouldn't enjoy the experience and that affects your rights. It's always a question. Whenever you are talking about these issues, it's not a question of restricting rights. It's a question of restricting whose rights, and providing for whose rights and that's a tricky balance.

I believe that if you go and ask a chief executive of a Goldman Sachs or a BP, and they answer you honestly they want monopolies, they want government subsidies, they want preferences - they're not interested in free markets.

It’s foolish to talk of an “Asian century” or an “emerging market century” because events move at a pace that renders this degree of durability obsolete.

We don't gaze into a crystal ball. I do not believe that we predict things. I think political science is bad at prediction. I think what we really do well is in a number of instances where politics matters, we can do a better job of tell you what is happening now, than other people. So, we can look at Syria today. We can look at the Eurozone today. And we can look at areas where politics is a driver and we can give you a pretty good sense in those areas of here is how to understand today.