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bramflakes comments on Harry Potter and the Methods of Rationality discussion thread, part 26, chapter 97 - Less Wrong
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I think even simpler than this is the fact that the wizards don't have anything of worth to trade to the Muggles, since non-magical people have a hard time even seeing magical artifacts, much less using them.
Muggles have plenty of things that would be useful to Wizards, but the reverse isn't true.
Magical goods maybe, magical services certainly not. There are many things that magic could do to add value to non-magical objects, which then do not require any further magic to sustain (see Harry and Hermione's discussion about helping to manufacture nanotechnology and/or Alzheimer's cures).
That's true. Everyone's talking so much about stealing gold and magical artifacts that I didn't think of magical services.