Competition and Profit Motive

John Stossel has an article today on Competition and the health care system that quotes Nobel Laureate F. A. Hayek. In addition, he quotes Steve Horowitz’s piece from the Freeman on profits. Horowitz writes “Critics may consider eliminating the profit motive the equivalent of giving the Tin Man from Oz a heart; in fact it’s much more like Oedipus’ gouging out his own eyes.” Thanks to Art Carden for making me aware of this piece.

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