I have had the view that cutting wages is not the path to prosperity, and one of the great myths propagated about my attitude to industrial relations is that I believe in lower wages. I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.

On economic policy, my support of smaller government, lower taxes and economic reform is consistent with the mainstream of the Republican Party in the United States and with many Democrats as well.

In my estimation, there should always be a mixture of economic liberalism - which means small government, a great emphasis on markets - but also a certain degree of social conservatism, not to favor change unless that change is beneficial. So I describe myself as an economic liberal and a social conservative.

Truth is absolute, truth is supreme, truth is never disposable in national political life.