Source: Adam Smith Institute
by Madsen Pirie
“Every voluntary trade makes both parties richer. The buyer values what they receive more than what they give up. The seller values what he or she receives more than what they give up. Nothing is created in a factory sense, yet wealth appears, because both sides end up holding something they prize more highly than what they started with. This is not a zero-sum shuffle of existing goods. It is the mechanism by which economies grow.” (07/30/26)