I have a habit of comparing the phraseology of communiques . . . noting a certain similarity of words, a certain similarity of optimism . . . and a certain similarity in the lack of practical results during the ensuring years.

I too have a certain idea of America. Moreover, I would not feel entitled to say that of any other country, except my own. This is not just sentiment, though I always feel ten years younger – despite the jet-lag – when I set foot on American soil: there is something so positive, generous, and open about the people – and everything actually works. I also feel, though, that I have in a sense a share of America.

A man who, beyond the age of 26, finds himself on a bus can count himself as a failure.

We had to fight the enemy without in the Falklands. We always have to be aware of the enemy within, which is much more difficult to fight and more dangerous to liberty.

I do believe that political arrangements which are based upon violence, intimidation and theft will eventually break down - and will deserve to do so.

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.

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.