We shall take whatever action is necessary to contain the growth of the money supply. The government, unlike so many of its predecessors, will face up to economic realities.

The European single currency is bound to fail, economically, politically and indeed socially, though the timing, occasion and full consequences are all necessarily still unclear.

Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay - that 'someone else' is you. There is no such thing as public money; there is only taxpayers' money.

We need to create a mood where it is everywhere thought morally right for as many people as possible to acquire capital.

I had the patriotic conviction that, given great leadership of the sort I heard from Winston Churchill in the radio broadcasts to which we listened, there was almost nothing that the British people could not do.

Reagan did not suffer from the dismal plague of doubts which has assailed so many politicians in our times and which has rendered them incapable of clear decisions.

Of course it's the same old story. Truth usually is the same old story.