One of the cliches of the New Deal was that businesses were entitled to a “fair”&nbsp;profit.&nbsp;Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”

Original Article:<a href="https://mises.org/wire/millions-and-billions-and-trillions-oh-my" target="_blank">&nbsp;</a><a href="https://mises.org/wire/are-businesses-entitled-fair-profit" target="_blank">Are Businesses Entitled to a Fair Profit?</a>

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?{ai:summary}<p>During the New Deal era, there was a belief that businesses should receive a "fair" profit. However, Leonard Read argued that profits and losses have nothing to do with fairness. #economy</p>

Are Businesses Entitled to a Fair Profit?

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