7 years ago
The Wrong Kind of Entrepreneurs Flourish in America
When most people use the word “rent,” they mean the price paid to live in a house or apartment. But when economists say “rent,” they mean money that one person extracts from another without producing anything of value. When the government taxes people to give subsidies to companies, those subsidies are a form of rent. A monopoly generates rents from being able to jack up prices without being threatened by competition.
Continue Reading
https://www.bloomberg.com
Join the Discussion