So of course the big news today… the reason that this day will go down in WORLD history… The Duke and Duchess of Cambridge just gave birth to the assumed heir to the throne of the United Kingdom. And it’s a BOY.

But you know what was also just born? A big boost to the UK’s economy. I’m sure some Americans are wondering what all the fuss is about. But for Britain, all of that Royal pomp and circumstance translates into real pounds and cents. Contrary to belief of British Republicans (those who want to end the monarchy and form a Republic), the Royals actually make more money for the country than they are paid. And that’s in a “normal” year when they aren’t having a huge wedding, coronation or having kids. Today’s landmark event may not be enough to cure the ills of the UK’s economic stagnation, but a massive boost in tourism and interest certainly won’t hurt.

For a better explanation of why the British Royals are such a huge money-maker, check out this awesome video from CGP Grey. And of course, my congratulations to the Duke and Duchess.