On the recordOctober 27, 2009
Capitalism is a profit and loss system. The profits encourage risk-taking. The losses encourage prudence.
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congress.govEditor's note · Context
Explaining the importance of losses in a capitalist system.
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More from Robert C. Roberts
Oct 27, 2009
Americans are angry about executive compensation. Rightfully so. The executives at General Motors and Chrysler do not deserve to make a lot of money.
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