Jesse does it again. If he's not on your blog feed, you are missing a daily dose of wisdom.
The concluding paragraphs from his most recent offering:
Why doesn't 'greed is good' work? Because rather than work harder, a certain portion of the population, not necessarily the most productive and intelligent, will immediately seek rents and income obtained by unnatural advantages, by gaming the system, by cheating and coercion, by the subversion of the rule of law, which will sap the vitality of the greater portion of the population which does in fact work harder, until they can no longer sustain themselves.
What will take the place of these modern economic myths? Time will tell, and it will vary from nation to nation. But the wind of change is going to be blowing a hurricane.
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