I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.

To do meaningful work is to contribute - to create value in society.

A truly free society is based on a vision of respect for people and what they value.

Years later, when I asked my father, I said 'Pop, why were you so much harder on me than my younger brothers?' he said, son, you plum wore me out.

Innovation comes from recombining existing technology and different perspectives in innovative ways.

Successful companies create value by providing products or services their customers value more highly than available alternatives. They do this while consuming fewer resources, leaving more resources available to satisfy other needs in society. Value creation involves making people's lives better. It is contributing to prosperity in society.

Just spreading the money around - that isn't what makes people better off; it's having more and better goods and services.