
Ep. 2016 The Truth About Inflation
The Tom Woods Show
00:00
The Role of the Antpreneur
When we see personal computers fall in price, this is not a disaster. It's not that well, those companies can't make a profit now because the price of the goods that they sell is constantly falling. That's the job of an entepenur - to factor in all contributing factors into what will yield the price of his product in the future including monetary policy. And if he correctly anticipates that the price will be lower in the future than it is now,. Well this doesn't mean it's impossible for him to make a profit. Conterputers can always make a Profit. The only thing that matters is the difference between the price that the good is sold at and the cost
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