We must not fall into the mistake of thinking that it is America that trades with Taiwan or Europe that trades with Asia. The truth is that it is American companies that trade with Taiwanese companies.

John Gummer just did not have the political clout or credibility to rally the troops. I had appointed him as a sort of nightwatchman, but he seemed to have to sleep on the job.

How thin is the crust of order over the fires of human appetite and the lust for naked power.

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.

How very popular to say, 'spend more on this, expend more on that.' And of course, we all have our favorite causes; I know I do. But someone has to add up the figures. Every business has to do it, every housewife has to do it, [and] every government should do it.

Freedom is not synonymous with an easy life. ... There are many difficult things about freedom: It does not give you safety, it creates moral dilemmas for you; it requires self-discipline; it imposes great responsibilities; but such is the nature of Man and in such consists his glory and salvation.

I think, historically, the term 'Thatcherism' will be seen as a compliment.