Saturday, February 14

Greed and money ain't bad

Money represents real goods, and greed is a typical motive for seeking them. If people weren't greedy, they'd be less productive. And it would be ok if that's how they want to live -- no one should be forcing us to consume things we don't need nor want.

But what's bad for capitalism is a lack of responsibility for losses, e.g. paying bonuses with gov't bailouts.

This misses the mark... what's worse about gov't spending is it reallocates resources by force rather than free (as in voluntary) arrangements within the market. Force is an inefficient method to distribute goods -- though it may not feel that way to those with the power to force. But inevitably taxpayers get shafted by special interest groups.

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