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To: BfloGuy

That’s economic nonsense. Services create wealth just as well.


41 posted on 11/17/2013 4:24:45 PM PST by Monty22002
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To: Monty22002
That’s economic nonsense. Services create wealth just as well.

Services certainly do contribute to productivity -- that's why they exist. But with no underlying production of a tangible good, there would be no reason for them nor, indeed, a means to pay them for said services.

That is not economic "nonsense".

They do not, in and of themselves, create wealth.

45 posted on 11/17/2013 4:37:30 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment. [Ludwig Von Mises])
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