Good morning. When then-Secretary of State William Henry Seward bought Alaska from Russia, the move was dubbed “Seward’s Folly.” And yet the state is a resource giant that has more than paid for its $7 million purchase price many times over. Ditto the Louisiana territory, purchased for $15 million, or about 3 cents per acre. If American history is a history of big land deals, then President Trump’s musings last week about buying Greenland should be taken more seriously. While the Danish-owned territory is unlikely to fall into U.S. hands at any price, it is home to America’s northernmost military base—and the resource-rich Arctic region has attracted the interest of China. Hey, there’s nothing wrong with making an offer, even a lowball one… it’s worked before. ecp.yusercontent.com/mail?url=https%3A%2F%2Fcdn.maropost.com%2Fpro%2Fuploads%2Faccount_1345%2F853%2Fmon-aug-192.jpg&t=1566231096&ymreqid=c6f2e490-95ab-649b-1ccc-26011e011300&sig=VW.FgUc5p0J_0ZNBrwpQ7g--~C [-chart]ecp.yusercontent.com/mail?url=https%3A%2F%2Fcdn.maropost.com%2Fpro%2Fuploads%2Faccount_1345%2F853%2Fmon-aug-192.jpg&t=1566231096&ymreqid=c6f2e490-95ab-649b-1ccc-26011e011300&sig=VW.FgUc5p0J_0ZNBrwpQ7g--~C