The problem is a lack of leadership and an intellectual climate that is extremely hostile to economic liberalism in much of Continental Europe.

When, thirty-five years ago, I tried to give a summary of the ideas and principles of that social philosophy that was once known under the name of liberalism, I did not indulge in the vain hope that my account would prevent the impending catastrophes to which the policies adopted by the European nations were manifestly leading. All I wanted to achieve was to offer to the small minority of thoughtful people an opportunity to learn something about the aims of classical liberalism and its achievements and thus to pave the way for a resurrection of the spirit of freedom after the coming debacle.

Idaho is perfect because of our climate. We have a drier climate and we can then supply dry straw for the first plant.

We continue to see very rapid economic growth which has been a problem for the Fed all along. We have not seen a material increase in labor costs and that's what I think is going to be the ultimate problem in the economy somewhere down the road, though clearly it's not imminent.

[Because of Haiti's economic and political turmoil, the supposed 40,000 practicing artists suffer from a lack of exposure for their work and a loss of revenue.] The artists in Haiti support themselves as a peddler would here, selling their works on the street, ... I always thought that the high-quality artists should be seen up here. And it just seemed like this was the right time.

Intellectual property is a key aspect for economic development.