Nvidia Hits $4 Trillion Value and a Very Brief History of Economic Development in These United States

This morning, Nvidia became the first company in history to reach a $4 trillion market cap.

Our economy has evolved: from creating wealth through land and agriculture, to manufacturing goods, to generating knowledge that makes workers more productive, and now to creating wealth through entrepreneurship and intellectual property.

Because we manufacture fewer goods than countries like China, we run a trade deficit. But penny for penny, that deficit is offset by financial inflows – including foreign investments in our publicly traded companies.

We used to make and sell goods. Now, increasingly, we make and sell wealth.