If there is one thing that marks families with money in the long term it is this: delayed gratification.

Anyone who wants to vote probably shouldn't be allowed to vote. Voting is the first step towards zombification - trying to get something without actually working for it.

If there is one thing that marks families with money in the long term it is this: delayed gratification.

Neither limits nor adversity are what ruin men. Under pressure, they handle themselves pretty well. It’s the lack of limits they can’t handle. That’s when they run amok. So, if you really want to see what a man is made of let him think he can get away with something.

Central planning doesn't work. A little bit of it is a drag. A lot is fatal.

That is the problem with age and wisdom—it merely shows you how helpless you are. The wiser you become, the more you learn to keep your mouth shut, until eventually the grave silences you forever.

The promise of American capitalism is that it makes people richer, freer and more independent. But since the introduction of Fed, the currency in which Americans keep score has so addled the figures, we scarcely know if we are winning or losing. The dollar we knew as a child - in the 1950's - is only worth a tenth as much today.