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

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.

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

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.

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

Every line in the government's budget has its own constituency.