Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

As long as capital-both human and money-can move toward opportunity, trade will not balance.

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

Human capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven; it can only be attracted.

Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.

Failure is not a crime. Failure to learn from failure is.

The guy with the competitive advantage is the one with the best technology.