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

The information revolution has changed wealth. Intellectual capital is far more important than money.

Capital goes where it is welcome and stays where it is well treated.

Capital goes to where it can escape taxation and be used to pay employees in sacks of rice.

All of life is the management of risk, not its elimination.

It is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.

One man saying that everything is wrong can command coast-to-coast attention in living color, a power not given to an absolute monarch a century ago.