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Lawrence W. Reed

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Paterson 2.jpg

Paterson on Profit

October 2, 2018

“The objection to profit is as if a bystander, observing the planter digging his crop, should say: "You put in only one potato and you are taking out a dozen. You must have taken them away from someone else; those extra potatoes cannot be yours by right." If profit is denounced, it must be assumed that running at a loss is admirable. On the contrary, that is what requires justification. Profit is self-justifying…“Production is profit; and profit is production. They are not merely related; they are the same thing. When a man plants potatoes, if he does not get back more than he put in, he has produced nothing.” ― Isabel Paterson in The God of the Machine.

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