āSince 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.ā
More Inspiring Quotes by Thomas Sowell
Best Quotes about Economics
āWhat a benefit would the American government, not yet relieved of its extreme need, render to itself, and to every city, village and hamlet in the States, if it would tax whiskey and rum almost to the point of prohibition! Was it Bonaparte who said that he found vices very good patriots? "He got five millions from the love of brandy, and he should be glad to know which of the virtues would pay him as much." Tobacco and opium have broad backs, and will cheerfully carry the load of armies, if you choose to make them pay high for such joy as they give and such harm as they do.ā


