Friday, January 12, 2018

Wants vs. Needs...................


"It is not Necessity that causeth the Consumption, Nature may be Satisfied with little; but it is the wants of the Mind, Fashion, and desire of Novelties, and Things scarce, that causeth Trade. A Person may have English-Lace, Gloves, or Silk, as much as he wants, and will Buy no more such; and yet, lay out his Mony on a Point of Venice, Jessimine-Gloves, or French-Silks; he may desire to Eat Westphalia-Bacon, when he will not English; so that, the Prohibition of Forreign Wares, does not necessarily cause a greater Consumption of the like sort of English. Besides, There is the same wants of the Mind in Foreigners, as in the English; they desire Novelties; they Value English-Cloth, Hats, and Gloves, and Foreign Goods, more than their Native make."

-Nicholas Barbon  (Only follow the link if you want to be truly amazed by a middle name.  There is no accounting for parents.)  Barbon's quote above was found here.

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