In response to:

Greed

Gene227 Wrote: Oct 24, 2012 12:32 PM
"Greed happens when you refuse to willingly share your wealth with others (through charity)," I disagree with this. It is my wealth, if I chose to open abusiness and give a person or person a job instead of a handout and make a profit to our mutual benefit i don't ess that as anything even remotely bad. If i was in bad situation I would prefer a hand up instead of a hand out.
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...