The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness.

In the history of the world, no one has ever washed a rented car.

There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs

I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.

If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.