If it were a fact, it wouldn't be called intelligence.

In our system leadership is by consent, not command. To lead a President must persuade. Personal contacts and experiences help shape his thinking. They can be critical to his persuasiveness and thus to his leadership.

It isn't making mistakes that's critical; it's correcting them and getting on with the principal task.

Secretary Powell and I agree on every single issue that has ever been before this administration except for those instances where Colin's still learning.

Everyone in the Chinese economic world knows that the country is not going to move out of cheap-workhouse status, toward the realm of 'real' rich-country corporate power and prosperity, unless (among other changes) it begins removing these price distortions.

Money brings you security and choice. You can make decisions in a different way if you have a lot of money. But when you have nothing, you have a naivety, and a more fearless attitude because you have nothing to lose.

I don't want to be the kind of wrestler that has to do it because he needs the money.

The Fed contributed to the financial crisis, keeping interest rates too low for too long. I give them credit for responding and stabilizing the economy and the financial sector during the crisis. But then they tried to do too much with quantitative easing that went on forever, just dramatically exploding their balance sheets.