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Posts Tagged: “stock-based compensation“
September 13, 2025
・Guest Commentaries
The Death of Profit and Loss
One key feature of market economies is the “profit and loss test,” whereby successful companies are rewarded for creating value and wasteful companies go bankrupt. But, when the state gets involved, losses can be rewarded, and the financial system can obscure true market signals. The following article was originally published by the Mises Institute. The […]
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