Posted tagged ‘Profits and Losses’

Walter E. Williams Talks About The Role Of Profits And Losses.

February 1, 2013


This is a video from, starring the great Walter E. Williams. He is speaking about the role of profits and losses in the free market. Many people think that free market capitalism is all about profits, but free market capitalism is a profit and loss system. Losses tell businesses to stop producing because there is not enough consumer demand to support the activity at that particular price. Because the business bears the loss, (more…)