George Gilder wrote some weird stuff later, but his "Wealth and Poverty" presented some really good ideas. One of the best was his distinction between "wealth"

George Gilder wrote some weird stuff later, but his "Wealth and Poverty" presented some really good ideas. One of the best was his distinction between "wealth" and "riches". "Riches" are resources used for pleasure and consumption; "wealth" is anything used to increase or improve future production. As he pointed out many things can be either depending on how it is used, but the distinction is very useful when thinking about the future and how to use your current resources.