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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...
Greed