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.
At last, Woodrow Wilson’s reputation gets the dismantling it richly deserves
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A new biography destroys the 28th president’s place in the progressive
pantheon.
56 minutes ago
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