Tuesday, October 7, 2014

Wealth

What exactly is wealth?   It's not that easy to pin it down.

Try to define it without using the word money, because it really is not money.  In Venezuela, or any place suffering from "inflation," people have lots of money but that doesn't mean that they have lots of wealth.  Their money is increasingly worth less.

See what you think about this youtube video by George Gilder, author and really smart person.He says that wealth is created by innovation and growing knowledge.  Does he make a good case?

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