The American Spectator

home
ADVERTISEMENT

The Spectacle Blog

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
ADVERTISEMENT

Clip of the Day

ADVERTISEMENT

Home |About |Contributors |Advertise |Donate |Privacy Policy |Contact

The American Spectator Foundation is the 501(c)(3) organization responsible for publishing The American Spectator magazine and training aspiring journalists who espouse traditional American values. Your contributions are tax deductible to the extent permitted by law. Each donor receives a year-end summary of their giving for tax purposes.

© 2012 Copyright, The American Spectator. All rights reserved.