How will Americans Generate Wealth in the Future

“Wealth must be produced. It can’t be borrowed or printed.” That simple statement started quite a conversation on my Facebook page earlier today. People know that what the government is doing isn't going to produce wealth in America. Government is a cost center, not a profit center.

So what is the answer? How can we help Americans produce wealth? Homeownership is certainly one way. It's not for everyone. That's a lesson I think we've learned by now. But for many investors, real estate still makes good sense as an investment. We have to make sure that our regulatory system makes it easy for lenders to get money into the hands of these real estate investors and then allows mortgage loan servicers to get it repaid.

Not everyone will agree with me and there are certainly other ways of generating wealth. But with year's worth of real estate inventory either on the market or heading to market, it makes sense to get it back into the hands of people who are willing to develop it in some way.

What are your ideas for how we should be helping American's generate wealth. Speak up now or watch the government continue to thrash the problem around in its own misguided fashion.