Why is America the wealthiest nation in the world? Is it because of our natural resources? Our geography? Our universities?
Actually, the biggest reason is… businessmen looking to turn a profit. As Burt Folsom, author and professor of history at Hillsdale College, shows with three fascinating examples of American industry, the government has no idea how to create wealth — only private citizens and companies can do that.
Watch the video below and learn a great lesson in both history and economics.
