Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.
From Alan Greenspan
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
The person I liked the best was Gerald R. Ford. He was the most decent man in politics I ever had any relationships with.
Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It's - given human nature and given the democratic structures, which we all, I assume, adhere to, that is an inevitable consequence.
I get so engaged when I have a problem you cannot solve that I just cannot break away from what I am doing - I keep thinking and thinking and cannot stop.
The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out.
Diplomacy is really far less important than the stock movements within Russia.
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
Anything that we can do to raise personal savings is very much in the interest of this country.
Whatever you tax, you get less of.
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