"Since man does not create physical matter,..." - Quote by Thomas Sowell
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
More by Thomas Sowell
“American society in recent years has been imitating behavior patterns that have produced negative - and sometimes catastrophic - consequences in many other countries around the world.”
“Nobody is equal to anybody. Even the same man is not equal to himself on different days.”
“The biggest difference between people is between those who are trying to do the right thing - whether or not they succeed - and those for whom the only question is how much they can get away with.”
More on Production
“Production is not the application of tools to materials, but logic to work.”
“Man is the only creature that consumes without producing”
“Capitalist production, therefore, develops technology, and the combining together of various processes into a social whole, only by sapping the original sources of all wealth - the soil and the labourer.”
More on Economics
“In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.”
“I'm tryin to make a dollar out of fifteen centsIt's hard to be legit and still pay tha rent”
“When everybody has got money they cut taxes, and when they're broke they raise them. That's statesmanship of the highest order.”