In response to:

Greed

Timothy32 Wrote: Oct 24, 2012 5:11 PM
I think you present it wrong, its not greed to get compisated for ones labor. It is though evil to think you can get the fruit of someone elses labor without giving them something or compensating them. Now part of the problem is people who invest in a companies bond are giving of there labor that has be monetized. And evil people do not see that as needing to be compensated for. Or they want to give it to others so they can scim of there cut from 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...