Post your most profound thoughts of the day

Neuk_

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Jan 23, 2018
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Not my thoughts, I read this in one of Tim Ferriss' weekly emails...

“To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have cost without profits. It never occurs to such people that these products might cost several million dollars more to produce than if they were produced by enterprises operating without the incentives to be efficient created by the prospect of profits.”
— Thomas Sowell
 
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