Ask ten people what they consider constitutes wealth and nine will, as likely or not, tell you how much money a person has accumulated. Such a great misunderstanding of what wealth is has led us to a point in our history of near bankruptcy.Wealth is not hard currency, or the accumulation thereof; it is the ability of a people to produce that which is desirable. In other words it is the ability to have our needs fulfilled; to produce what others need and for others to produce what we need. Today we produce less than we have ever done in our history. The great engines of production can now be found in such heretofore unlikely places as Japan, Taiwan, South Korea, India and China. Where is America headed and how did we arrive at where we are today.Creating wealth doesn't happen in a vacuum. Economic freedom is a motivator that propels a people and a nation to attain greatness, but it cannot be properly viewed without its companion twin; political freedom. The two go hand in hand. When...(Read Full Post)