In response to:

Greed

huskerfanjr Wrote: Oct 25, 2012 10:35 AM
Ironically, those who blame "greed," and want to control it (as John says, the "statists") are every bit as greedy (I would argue MORE greedy) than free market activists. The difference is that a statist wants to TAKE from others to satisfy their greed while a capitalist wants you to BUY it. They have to satisfy you while the statist just needs force of law to take it.
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...