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Ken8 Wrote: Oct 25, 2012 3:20 PM
What is this thing called greed? Neal Boortz often says there is no such thing. Others say greed is wanting more than you need. Obama says there's a time when you've got enough. I say greed takes place only when you violate another's rights in order to take something of value from them. Greed is not an act of working to earn more for yourself or another entity by your own good deeds.
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...