“Rules cannot take the place of character.”

But material success is possible in this world and far more satisfying when it comes without exploiting others.

It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.

Significantly opening up immigration to skilled workers solves two problems.

If you think you understand what I am saying you do not understand what I am saying.

Then fear hits, and it comes down very sharply. When I started to look at that.

If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

I’m a better economist than I was a sax player.

I’m a plain soap kind of guy.

It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.

Amateurs want to be right. Professionals want to make money.

Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.

Political decisions are never random and will always lose out to innovative alternatives.

Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.