In response to:

Greed

inkling_revival Wrote: Oct 24, 2012 10:27 AM
Yes, I DID read past the opening paragraph. I objected to Mr. Stossel's using the word "greed" when what he meant was not greed. The sentence you're quoting is PRECISELY what I was complaining about, you brainless oaf. Damn, dealing with stupid people is frustrating.
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...