The Secret of Wealth Creation

There's a gain there from that exchange. So, oh, that's the foundation of the economic exchange. And there is some subjective improvement of welfare with pure exchange. But more important, we have now prices. There's prices for corn and hogs out there now that people are trading corn and training hogs. Now you see the corn growers are the people who are best able to grow corn. The hog growers areh best able to specialize in hogs. Pretty soon everybody's better off. That's the secret of wealth creation, you see. Adam smith's great genius was to put together that, put all that together in a system.