The free market needs and deserves a moral defense. Cato senior fellow Tom G. Palmer delivers part of that defense, regarding economic profits, in a new video:

This is an installment in a series entitled “The Morality of Free Enterprise,” a joint project of the Atlas Economic Research Foundation, where Palmer serves as the vice president of international programs, and the John Templeton Foundation.

Palmer is also the director of Cato University; so if you’d like to hear more from him, we hope you’ll register today and join us July 24–29 in historic Annapolis, Maryland for our annual summer seminar on political economy. Students may also apply for a scholarship.