In response to:

Greed

Craigskeet Wrote: Nov 13, 2012 8:49 PM
Look, nimh1, the more money a company makes, the quicker a competitor will jump in and force prices down, to the benefit of all consumers, especially those out of work who cannot afford high-priced goods. And, those competitors will hire people who don't have jobs!!! Outsourcing is a risky business, by the way--ask companies who are bringing back jobs from China and Mexico.
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...