
Jobs Are a Lagging Indicator – Ep 816
The Peter Schiff Show Podcast
00:00
What Does a Loss Mean?
When you are running a company and you earn a profit, the market is telling you that you are doing a good job in satisfying the needs and desires of con mors. A loss means that you're taking these scarce resources that could be used for something else, and you're combining them to produce a product that the people don't want. You should go out of business and free up those resources so some other entre printer can have a more effective use for them. So that's what happens with labor. If i come up with some cockamamy plan, write some crazy business idea, and i'm to produce some b s product that nobody really wants,. But i convince a bunch
Transcript
Play full episode