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Government can't create wealth, but it can create the conditions for private enterprise to flourish.

We must never forget that it is the private sector - not government - that is the engine of economic opportunity. Businesses, particularly small businesses, flourish and can provide good jobs when government acts as a productive partner.

Real prosperity comes from everybody in the country working together in a growth mode. Real prosperity comes as a result of people's own initiative and efforts and so forth. Prosperity, if it comes from the government, is not prosperity. It's an existence or a subsistence or whatever, but it isn't prosperity.

It is absolutely clear that government plays a key role, as a catalyst, in promoting long-run growth.

It's been said that government doesn't create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can excel and expand.

Capitalism does a number of things very well: it helps create an entrepreneurial spirit; it gets people motivated to come up with new ideas, and that's a good thing.

The key thing about wealth in a capitalist economy is that it reproduces itself and usually earns a positive net return.

There are many elements needed to secure economic growth. Certainly, people must be politically free to innovate, invest, build, and create things, and they must be incentivized to do so by knowing they can keep the rewards for their efforts.