"I never bought into the Laffer curve, a theory, named after an American supply-side economist who had been an adviser to the Reagan administration, that essentially argues that a government will increase its revenue by reducing its taxes. If it were that easy, everybody would do it. What politician doesn't want to reduce taxes in order to win votes? Taken to its logical extreme, the Laffer curve makes no sense because, if you lower your taxes to zero, how are you going to get higher revenues? In practice, every government that toyed with this theory ended up with larger deficits, higher interest rates and greater social inequality."

“At one point Trudeau mentioned to me that the National Gallery wanted to buy a masterpiece by the great Italian painter Lotto, and it needed a million dollars from the Treasury Board. "Is that Lotto-Quebec or Lotto-Canada?" I joked, but I got the message, and the National Gallery got the painting.”

“Everybody has the right to speak up in a democracy. We would be in trouble as a society if there wasn't a constant pressure to make reforms and to be just. Sometimes as prime minister, when i was caught up in a really loud demonstration, I used to say to myself that I deserved it because of all the demonstrations I myself had organized as a student against Duplessis.”

“Aline and I have travelled a very long, very hard road together, from our working class homes in rural Quebec to the palaces of London, Paris, Moscow, and Beijing. Politics was the route, public service the reward.”

“Most Canadians don't understand the House of Commons. They turn on their televisions, see us yelling at one another, and dismiss us as a bunch of fools.”

“Three months later, on September 5, 2001, at a pro-am event preceding the Canadian Open at the Royal Montreal Golf Club, I was invited to play a round with Tiger Woods. Nothing in the game of politics had ever been as nerve-racking as that game of golf.”

“I learned early that business is business and politics is politics. The proof is how few important businessmen have made good politicians. They may think that they are very smart about everything because they made millions of dollars by digging a hole in the ground and finding oil, but the talent and luck needed to become rich are not the same talent and luck needed to succeed on Parliament Hill.”