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"That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them."
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"We cannot be any stronger in our foreign policy for all the bombs and guns we may heap up in our arsenals than we are in the spirit which rules inside the country. Foreign policy, like a river, cannot rise above its source."

"We haven't had a good energy policy in this country for decades and we're trying to get one."

"In a constructive policy, there is 'adjust everywhere' and in a destructive policy, there is a policy of disadjustment."

"Any intervention, such as that of the German Reichsbank in the Spring of 1923, in which only a small part of the increasing note-expansion was recovered by the banks through the sale of foreign bills, would necessarily be unsuccessful. Led by the idea of opposing speculation, inflationistic governments have allowed themselves to become involved in measures whose meaning is hardly intelligible. Thus at one time the importation of notes, then their exportation, then again both their exportation and importation, have been prohibited. Exporters have been forbidden to sell for their own country's notes, importers to buy with them."

"During the days of segregation, there was not a place of higher learning for African Americans. They were simply not welcome in many of the traditional schools. And from this backward policy grew the network of historical black colleges and universities."

"When you see how the President makes political or policy decisions, you see who he is. The essence of the Presidency is decision-making."

"For almost twenty years, abortion policy in America has been controlled by the courts."

"The minimum wage was enacted in 1937 during the Great Depression and it has been increased 16 times. It's a well-established economic policy to help families."

"The best policy is to declare victory and leave."
Explore more quotes by Vaclav Klaus


"To talk about planning an economic system is to talk in old terms, and I find myself sometimes having to teach Westers about what the market really means."


"Then in 1969, I spent the spring term at Cornell University in New York. The invasion of August 1968 had already happened, but the hardline regime took several months to crack down on dissidents."


"I also helped write the five-page statement of principles that Civic Forum issued in late November. That was the first public expression of what the new government wanted to do."


"I was paid to read Western economic texts. In a way, the regime paid for their own undermining."


"By the time I returned to Czechoslovakia, I had an understanding of the principles of the market."


"To pursue a so-called Third Way is foolish. We had our experience with this in the 1960s when we looked for a socialism with a human face. It did not work, and we must be explicit that we are not aiming for a more efficient version of a system that has failed."


"We will also allow state companies to sell shares to their workers and will pass a law allowing citizens to start companies of their own with no limits on the number of employees or on the firm's output."


"People like me who were engaging in brinkmanship with the party economic bosses and the open dissidents who were being arrested were pursuing a common goal in different ways."
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