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Don't Blame 'Greed'

By on 3.31.09 @ 11:39AM

"Those who wish to blame greed for the crisis need to explain how and why it is that greed seems to causes crises only at specific times, despite the fact that it is omnipresent as a feature of human nature and market economies. As the economist Larry White has noted, if we saw a bunch of planes crash all on the same day, we wouldn't blame gravity. It's always there. Something else must be at work."

About the Author

Robert Stacy McCain is co-author (with Lynn Vincent) of Donkey Cons: Sex, Crime, and Corruption in the Democratic Party (Nelson Current). He blogs at The Other McCain.

http://spectator.org/blog/2009/03/31/dont-blame-greed

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