History cautions that extended periods of low concern about credit risk have invariably been followed by reversal, with an attendant fall in the prices of risky assets.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

Any notable shortfall in economic performance from the exemplary standard of recent years runs the risk of reviving mistrust of market-oriented systems, even among conventional policy makers,

History has demonstrated that implicit in any removal of power from central planners and broadening of market mechanisms -- as would occur under WTO -- is a more general spread of rights to individuals,

When you go back and look at American history, it's not terribly different from Canadian history. If you weren't self-reliant on the prairie, you wouldn't survive.

There is a real concern his reputation has been unfairly damaged.