In response to:

Greed

dahni Wrote: Oct 24, 2012 10:48 AM
Why try to complicate things. IMO, "Greed is the inordinate desire to possess wealth, goods, or objects of abstract value with the intention to keep it for one's self". Makes it easier to put folks into the proper categories for castigation purposes.
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...