“Greed is right, greed works”

“Before, we had too much greed and too little fear. Now, we have too much fear and too little greed.”

Those where the words of Obama’s chief economic advisor Larry Summers and they are perhaps the most refreshing words to come out of Obama official in some time.

But there is of course, a better term than the one Summers and Gekko use, it’s “rational self interest.” The current economic situation was caused by an irrational version of self interest.

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