Patrick Mahomes’s $503 Million Contract Offers a Crucial Lesson in Value Creation and Economic Freedom

In the midst of a global pandemic, halfway through 2020, 24-year-old Kansas City Chiefs quarterback Patrick Mahomes inked a $503 million contract with the franchise.

Some may voice their view that Mahomes doesn't deserve" a contract of this size. But whether he deserved" the money is not for any of us to decide.

What it exemplifies, however, is the beauty and fundamental individual agency of free markets.