Why Profits Are So Misunderstood

By Chris Rossini

In a free market economy (or even an economy choked by government, like ours) profits and losses act as the beating heart. Get rid of either one and an economy-wide heart attack must ensue. Unfortunately, what profits are and the extremely valuable function that they serve are almost universally misunderstood in modern America.

If profits and losses were understood, you wouldn't hear tritecliche's like "people over profits" or "sustainable capitalism" or "corporate social...