Elementary Economics

Production and economy the basis of prosperity. A nation prospers on what it produces. It can continue to prosper only so long and in so far as it continues to produce, year in and year out, century after century and millennium after millennium. Production, however, is not enough,the nation must also economize. In fact, production itself is a form of economy.

However much the nation produces, it prospers only in so far as it continues to produce, year by year, more than it consumes and wears...