I think this is so important - what's not done well at education at every level - is helping kids find, as I discovered for myself, what I was good at. I was very lucky to find out that at an early age, which set my direction in life.

I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.

In America, I think we just keep adding, and that's our problem. We almost never subtract. We keep adding these boondoggles, and these violations of the basic principles of equal rights - certain people have more rights than others - it's like "Animal Farm." The pig says that we all have equal rights, but some have more rights than others.

If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.

My parents worked really hard at communicating other values they felt were important, such as integrity, courage, humility, treating others with dignity and respect, and having a thirst for knowledge.

If people don't learn to work by the time they're in their 30s, they're never very productive.

If you have methods without principles, you're going to have trouble. But if you develop methods based on principles, then you can make progress.