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“It is certain that despotism ruins individuals by preventing them from producing wealth much more than by depriving them of what they have already produced; it dries up the source of riches, while it usually respects acquired property. Freedom, on the contrary, produces far more goods than it destroys; and the nations which are favored by free institutions invariably find that their resources increase even more rapidly than their taxes.”

“I think, again, the overall intellectual structure of the speech is very much consistent with what Donald Trump has been saying on the campaign trail. He's against free trade. He's against immigration. But he has been in favor of tax reform, and he has been afraid of - in favor of developing American energy sources like through fracking or hydraulic fracturing.”

“Energy is a sector of the economy that has been particularly resistant to innovation. This is precisely the problem. It is why we are still dependant on energy sources that are 100 to 150 years old while virtually every other sector of the economy has transformed itself. This is why we believe that the faith that many environmentalists still hold that carbon regulations and taxes will drive sufficient private sector investment into energy markets to create the kind of innovation we need is unfounded.”