[billybudd]

Hahaha! Boy, you need to take a course in economics! So, let me get this straight, there is no value added from education? Tell me, what are a hundred factories worth without an education system? Answer: Nothing! Value is not a tangible object. It is an individual's set of preferences, of choices about having this rather than that. Anything can have value, including physical objects or services. The fact that something is tangible does not mean it has value. A sculpture may be very valuable to one person and worthless to another. And the same is true of a course on how to build a nuclear reactor. The idea that wealth is derived from physical objects is the same flawed Marxist reasoning that productivity is the result of muscle labor, and that intellectual endeavors are essentially worthless.

[Willie Green]

So, let me get this straight, there is no value added from education?

Correct.

Value is not a tangible object.

Correct. Wealth is, at its most fundamental level.

Services that have value result in a transferrence of wealth.
However they do not ADD value, hence, they do not create wealth.

[Toddsterpatriot]

Hahaha! Boy, you need to take a course in economics!

Yeah, he's a little confused. He thinks that steel tariffs (which raise our cost of steel) are good, but if foreign producers raise their price of steel sold to us, that's bad.