In response to:

Greed

Craigskeet Wrote: Nov 13, 2012 8:44 PM
John, I bet you remember a "public interest" ad that showed up on TV shortly after Obama's election in 2008: A video pan down the Empire State Building accompanied by audio that stated that "America was not built of skyscrapers alone, but also by the" volunteer efforts, etc., etc. with a shot of a firefighter helping a victim on the street, presumably at the base of the Empire State Building. Frankly, I cringed then, and I still cringe. THE UNITED STATES WAS BUILT OF SKYSCRAPERS ALONE, with the huge willingness of the great entrepreneurs to contribute their wealth voluntarily to America, and by their enormous tax payments, not to mention their original source of wealth . . . satisfaction of wants and needs of Americans.
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...