The real case against socialism is not its economic inefficiency, though on all sides there is evidence of that. Much more fundamental is its basic immorality.

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.

Socialism lays an bad egg by killing the capitalism that lays the golden eggs

As prime minister, I worked closely with Ronald Reagan for eight of the most important years of all our lives. We talked regularly both before and after his presidency. And I have had time and cause to reflect on what made him a great president.

The spirit of envy can destroy; it can never build.

The role of Ronald Reagan had been deliberately diminished; the role of the Europeans, who, with the exception of Helmet Kohl, were often keen to undermine America when it mattered, had been sanitized; and the role of Mr. Gorbachev, who had failed spectacularly in his declared objective of saving communism and the Soviet Union, had been absurdly misunderstood.

Life's greatest reward is life itself