Source: Foundation for Economic Education
by Madsen Pirie
“There are many phrases of Adam Smith that are well worth echoing today, and one of the most significant is this: ‘The end of all production is consumption.’ It is not to create jobs. The people who talk of new industries creating many new jobs are putting the cart before the horse. The aim of production is not to give people work to do; it is to produce goods and services that people will freely buy because they help improve their lives.” (10/30/26)
https://fee.org/articles/how-britain-became-the-place-to-do-business/