Video: Prager U on why America is so rich

By LU Staff

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.

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LU Staff

LU Staff

Promoting and defending liberty, as defined by the nation’s founders, requires both facts and philosophical thought, transcending all elements of our culture, from partisan politics to social issues, the workings of government, and entertainment and off-duty interests. Liberty Unyielding is committed to bringing together voices that will fuel the flame of liberty, with a dialogue that is lively and informative.

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