I felt that we could hardly improve on the conception of the university expressed by one of the founders of the modern system, Wilhelm von Humboldt, also one of the founders of classical liberalism. That seems to me true today as well, though ideals of course have to be adapted to changing circumstances.

Policy is largely set by economic elites and organized groups representing business interests with little concern for public attitudes or public safety, as long as the public remains passive and obedient.

Orwell says straight, look, in England what comes out in a free country is not very different from this totalitarian monster that I'm describing in the book. It's more or less the same. How come in a free country? He has two sentences, which are pretty accurate. One, he says, the press is owned by wealthy men who have every reason not to want certain ideas to be expressed. And second - and I think this is much more important - a good education instills in you the intuitive understanding that there are certain things it just wouldn't do to say.

the Federal Reserve, has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... The European central bank has only the first. It has no commitment to keep employment up.

A war with Pakistan would be an utter disaster.

Predatory capitalism created a complex industrial system and an advanced technology; it permitted a considerable extension of democratic practice and fostered certain liberal values, but within limits that are now being pressed and must be overcome. It is not a fit system for the mid-twentieth century.

It's quite extraordinary to hear a supposedly learned person call the United States a leading terrorist nation, one of the leading terrorist nations in the world. It's false and very treacherous teaching.