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The "Greed" Fallacy

by Thomas Sowell

In an era when our media and even our education system exalt emotions, while ignoring facts and logic, perhaps we should not be surprised that so many people explain economics by "greed."

Today there are adults — including educated adults — who explain multimillion-dollar corporate executives' salaries as being due to "greed."

Think about it: I could become so greedy that I wanted a fortune twice the size of Bill Gates' — but this greed woul ...

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