Let's be honest, this is a consumer based economy in America. That's all we manufacture here is need and appetite. We are the world's mouth. They make things in other countries, and they're like, 'Send it to America; they'll eat it.'
Consumption is the sole end and purpose of all production.
Where are we to look for the consumption required but among the unproductive labourers of Adam Smith?.
The process of consumption is the final act in the economic drama.
The wants of mankind are supplied and satisfied out of the gross values produced and created, and not out of the net values only.
Consumption may be regarded as negative production.
The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
America today has insufficient savings to finance both crucial investment and its consumption of imports.
The individual serves the planning system not by supplying it with savings and the resulting capital; he serves it far more by consuming its products.
