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Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

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Thomas Friedman

What every employer is looking for is not someone who can do the job, but someone who can reinvent the job.

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A vision without resources is an hallucination.

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The country that owns green, that dominates that industry, is going to have the most energy security, national security, economic security, competitive companies, healthy population and, most of all, global respect.

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Capitalism makes people unequally rich. Communism makes people equally poor.

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Why is it Muslims from Pakistan or from Egypt come to America and thrive, and they are frustrated back home? It's about clean government. It's about a rule of law. It's about intellectual property protection. They've got all the talent and energy of anybody else. As new immigrants they may have more of it, so you put them in our system and they become doctors, lawyers, and businessmen and entrepreneurs.

America, Entrepreneurs, Home, Immigrants, Law, Thrive

America was the funder of petro-dictatorships. We treated all these countries as basically big, large gas stations: Libya station, Iraq station, Iran station, Egypt station, Syria station, and all we asked of them were three things: Keep your palms open, your prices low and don't bother Israel too much, and you can do whatever you want to your own people.

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