In response to:

Greed

rightmostofthetime Wrote: Nov 04, 2012 9:58 PM
Got it, Hunkahunka. You don't understand supply and demand. "Real" worth is whatever the market will pay. NFL players get the big bucks because they bring in lots of money to the franchises, and fans are willing to pay the ticket prices. Don't like it? Head to a socialist country like Cuba. The problem with your thinking is that someone would have to decide "real worth." I don't want the government, or any particular group, to decide that. I prefer the market.
On TV, my Fox colleague Bill O'Reilly says, "The recession was brought on largely by greedy Wall Street corporations."

Give me a break.

Bill's smart. If he believes such things, we who care about freedom have done a poor job communicating economics.

Blaming problems on "greed" is a mindless cliche.

Yes, Wall Street was greedy -- but that's nothing new. Greed is a constant. Did you ever turn down a raise? We need a free market because it restrains greed. Laws against theft and fraud help, but competition does more. With this election approaching, and statist, eager-to-regulate candidates in ascent, we...