This business of the working class is on its way out I think. After all, aren't I working class? I work jolly hard, I can tell you.

Gentlemen, if we don't cut spending we will be bankrupt. Yes, the medicine is harsh, but the patient requires it in order to live. Should we withhold the medicine? No. We are not wrong. We did not seek election and win in order to manage the decline of a great nation.

They are all a rotten lot. Schmidt and the Americans and we are the only people who would do any standing up and fighting if necessary.

What we should grasp, however, from the lessons of European history is that, first, there is nothing necessarily benevolent about programmes of European integration; second, the desire to achieve grand utopian plans often poses a grave threat to freedom; and third, European unity has been tried before, and the outcome was far from happy.

Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.

I usually make up my mind about a man in ten seconds, and I very rarely change it.

We simply cannot delegate the exercise of mercy and generosity to others.