On aging societies, there is no reason why a country that has a lot of old people can't be prosperous if, during their working lives, individuals provide for their retirement.

I would say that in this world, the greatest source of inequality has been special privileges granted by government.

When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought through, and are made effective.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

Japan has introduced fiscal stimulus five times in the past seven or eight years and each time it's been a failure and that's not a surprise. Fiscal stimulus is not stimulating in and of itself.

The government doesn't have any money. The only power it has is to take from some and give to others.

Personal freedom has grown greatly within China, and that will provoke ever more points of conflict between the individual and state.