Why Is America So Rich?

The United States is the world’s most prosperous economy. It’s been that way for so long — over a hundred years — that we take it for granted. But how did it happen? There are many answers, of course. One is that the United States values the free market over government control of the economy. […]

Why Private Investment Works & Govt. Investment Doesn’t

In 2011, a solar power company called Solyndra declared bankruptcy. A company going bankrupt is not news. But Solyndra was not just any company. Its biggest “investor” was the federal government which had given it $500 million dollars. That was news. But, really, it shouldn’t have been. If history is any guide, it was quite […]