Life: 1919 - 2007
Birthday: 1919
Death: 2007
The key reason why we are richer than our ancestors is that these ancestors have bequeathed us buildings, factories and machines that have given us a high living standard to start with. Driven by irresponsible policy makers, America's present generation is consuming the nation's capital.
Topics: Keys, America, Generations, Policy Makers
A nation that encourages its people to spend more and save less promotes economic backwardness, social decay and its own financial doom.
Topics: People, Decay, Financial
Consumption never creates wealth.
Topics: Wealth, Consumption
