A Profitable Lesson

by Don Boudreaux on August 14, 2008

in Myths and Fallacies, Taxes, Travel

Learning the lesson of this letter, appearing in today’s edition of USA Today, would profit us all:

Let Big Oil reap profits

Richard Gibbard – Rapid City, Mich.

I hear a lot of people yelping about "obscene" oil company profits. What I don’t hear is any valid reason why oil companies should not make these profits.

Profits are what keep the companies in business and employees on their payrolls. Let the companies profit.

Nobody is qualified to determine what is a reasonable or fair profit.


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