In response to:

Greed

Ind Observer Wrote: Oct 24, 2012 4:50 PM
I took a couple of required economics courses at CSUS, but learned virtually nothing about the free market. All we were taught was capitalism, evil and disgusting, communism, good and fair.
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...