One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”
Original Article: Are Businesses Entitled to a Fair Profit?
You May Also Like
Stocks
In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...
Business
In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...
Business
With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...
Politics
On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...