We try to reward people according to the value they create, value they create in society and for the company.

All of our policies are based on whether it will make - enable people to improve their lives or it will make their lives worse.

No centralized government, no matter how big, how smart or how powerful, can effectively and efficiently control much of society in a beneficial way. On the contrary, big governments are inherently inefficient and harmful.

I've devoted most of my life to understanding the principles that enable people to improve their lives. It's those principles, the principles of free society, that have shaped my life, my family, our company, and America.

My father announced early on that he didn't want his sons to be "country club bums." And for a number of reasons, I bore the brunt of that - I have an older brother and two younger brothers. So he had me work in all my spare time. I started out picking dandelions, shoveling stalls, milking cows, building a fence - whatever dirty job was out there. That's a big deal, because you learn things working that you don't learn in school.

We create these boom-bust cycles by manipulating the money supply and the interest rates and directing it where it went in. And that is what happened with housing: pushed into housing combination of easy money plus all the regulations, and we created this boom-bust cycle, and corruption, because corruption goes with it, because you don't have the same discipline. So we've got to stop all that.

The Declaration of Independence was only partially applied for women and for certain immigrants such as the Chinese. And it wasn't applied to get rid of corporate welfare and cronyism. People who had special connections got special deals from the beginning. So all of those violations of what the Declaration of Independence expressed, have led to the problems we have today. So, the sins of the fathers are visited upon the sons for seven generations, or much longer. Forever.