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mick063

(2,424 posts) Sat Oct 27, 2012, 02:38 AM Oct 2012

For me, one of the scariest "pundits" on television (John Stossel of Fox Business)

John Stossel

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 cliché.

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 need more Americans to understand this.

I'm repulsed by aspects of greed. But the truth is that greed, without government interference, makes us all better off. It grows the economic pie.

7 replies

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For me, one of the scariest "pundits" on television (John Stossel of Fox Business) (Original Post) mick063 Oct 2012 OP

Stossel needs to be slapped every week TlalocW Oct 2012 #1

+1 ProudProgressiveNow Oct 2012 #2

Good friggen grief, what the hell is wrong with him? Live and Learn Oct 2012 #3

Gordon Gecko, version 2012... Surya Gayatri Oct 2012 #4

Another Libertarian.. sendero Oct 2012 #5

I sorta turned down a raise. A match for 401k contributions. raouldukelives Oct 2012 #6

Puke. nt Honeycombe8 Oct 2012 #7

TlalocW

(15,380 posts)

1. Stossel needs to be slapped every week

Reply to mick063 (Original post)

Sat Oct 27, 2012, 02:46 AM

Oct 2012

By that professional wrestler he pissed off back in the day.

TlalocW

ProudProgressiveNow

(6,129 posts)

2. +1

Reply to TlalocW (Reply #1)

Sat Oct 27, 2012, 03:17 AM

Oct 2012

Live and Learn

(12,769 posts)

3. Good friggen grief, what the hell is wrong with him?

Reply to mick063 (Original post)

Sat Oct 27, 2012, 03:31 AM

Oct 2012

Does he honestly believe that unrestrained greed would help humanity?

Surya Gayatri

(15,445 posts)

4. Gordon Gecko, version 2012...

Reply to mick063 (Original post)

Sat Oct 27, 2012, 07:41 AM

Oct 2012

More than "Greed is good", but rather the plutocrat's motto "Greed is GOD"...

sendero

(28,552 posts)

5. Another Libertarian..

Reply to mick063 (Original post)

Sat Oct 27, 2012, 07:45 AM

Oct 2012

... which could easily be defined as a person who knows just enough about economics to be dangerous.

That said he is right, greed is always there. What was different was deregulation, which Libertarians believe in above all else because in their world the rich and powerful are always of the highest moral standard.

raouldukelives

(5,178 posts)

6. I sorta turned down a raise. A match for 401k contributions.

Reply to mick063 (Original post)

Sat Oct 27, 2012, 09:15 AM

Oct 2012

They make take my climate & my country but they will never do it with my gleeful assistance.

Honeycombe8

(37,648 posts)

7. Puke. nt

Reply to mick063 (Original post)

Sat Oct 27, 2012, 09:23 AM

Oct 2012

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