from Larval Subjects . by larvalsubjects]
[In a letter appearing in Sunday’s Washington Times, protectionist William Hawkins accuses Adam Smith of being “dreadfully wrong” to insist that the ultimate goal of economic activity is consumption rather than production. Alas, the dreadfully wrong one is Hawkins. He confuses means with ends... Adam Smith correctly understood that the desire to consume is what justifies production, and not vice-versa. Protectionists are Profoundly Confused
from Cafe Hayek by Don Boudreaux]
Enhanced consumption of ontology justifies production of more vacuum packed books and blogs. [TNM]

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