Tags: Free Market | Private Equity | Venture Capital

Imperfect Free Market Better Than the Rest

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Monday, 15 Dec 2014 10:58 AM Current | Bio | Archive

Remember those evil Wall Street types who were out to rip us off at every turn while feathering their own nests? There definitely were some of them. But on the other hand, I speak to a lot of venture capital and private equity types. Their work is, often, to invest in new medical technologies to fight pain, defeat disease, and prolong life.

They invest and if the process works, they make money, and plenty of it. If it doesn’t, they lose money. Much of the money they make goes into teachers’ pension funds, fire fighters’ pension funds, and college endowments, writes Ben Stein in The American Spectator.

Ben Stein is a writer, actor, and lawyer, who served as a speechwriter in the Nixon administration as the Watergate scandal unfolded. He began his unlikely road to stardom when director John Hughes cast him as the numbingly dull economics teacher in the urban comedy, "Ferris Bueller's Day Off." Read more reports from Ben Stein — Click Here Now.
 


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BenStein
I speak to a lot of venture capital and private equity types. Their work is, often, to invest in new medical technologies to fight pain, defeat disease, and prolong life.
Free Market, Private Equity, Venture Capital
167
2014-58-15
Monday, 15 Dec 2014 10:58 AM
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