What makes some people more successful in life than others? It turns out that the ability to delay gratification in four-year-old children is a strong predictor of future success.
Here is an entertaining talk with an important and serious message about studies of kids in the US, Colombia and Korea and their ability to delay eating a marshmallow.
Joachim de Posada ends his talk with referring to our current debt crisis. “We are eating more marshmallows than we are producing.”
Our current government would like you to think that we can eat marshmallows that we haven’t produced. They’ll tell you that we can confiscate (i.e. tax) these marshmallows from people who produce them. They fail to tell you that taxing the marshmallow producers will remove their incentive to continue to be productive.
The Tea Party movement is so frightening to Democrats because its core message is that we need to limit the number of marshmallows consumed and redistributed by government or we will lose our freedom to be successful.
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