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Is Greed the Problem? Milton Friedman's opinion

What is greed? You often hear that it is the root of the economic problems we are now facing.

In his book “Capitalism and Freedom” (1962) Milton Friedman (1912-2006) advocated minimizing the role of government in a free market as a means of creating political and social freedom.

An excerpt from an interview with Phil Donahue in 1979.

30 years ago and it still resonates.

What do you think is the difference between greed and healthy economic self-interest?

Is there a difference in how this plays out on Main Street versus on Wall Street?

About the Author
Linda Keith CPA is an expert in credit risk readiness and credit analysis. She trains banks and credit unions throughout the United States, both in-house and in open-enrollment sessions, on Tax Return and Financial Statement Analysis. She is in the trenches with lenders, analysts and underwriters helping them say "yes" to good loans. Creator of the Tax Return Analysis Virtual Classroom at, she speaks at banking associations on risk management, lending and director finance topics.