Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

It was an interesting question as to whether the BBC had a future in the digital world, and what form of market failure could justify the licence fee system.

The BBC should not have a cheerleader. It should have somebody who runs the organisation in the interests of the public and that should be a chairman.

I want the BBC to be a mass market public service broadcaster still funded by the licence fee... and the licence fee is more durable than many people in the commercial sector believe.

The BBC provides the commentary on our lives, the soundtrack of the nation. It is one of the most powerful unifying forces in the United Kingdom today.

Vietnam was a country where America was trying to make people stop being communists by dropping things on them from airplanes.

If you value your relationship or friendship, your ego won't stand in the way of a meaningful apology.

Your life is a blank page. You write on it.

The market is like a language, and you have to be able to understand what they're saying.

A technological revolution on the farm has led to an output explosion--but we have not yet learned to harness that explosion usefully, while protecting our farmers' right to full parity income

The greatest danger in any argument is that real issues often clouded by superficial ones, that momentary passions may obscure permanent realities.

Human beings are capable of virtually limitless degradation; they are also capable of virtually limitless improvement and achievement. Success depends on goals and on diligence in pursuing them.

I like that gathering moment where the music is about to begin, that moment right there. It's like jumping out of an airplane. It's that moment when the lights go out and then you're in it.

I'm captivated by you, baby, like a firework show.