In the 1953 movie, “The Wild One,” a girl asks Marlon Brando’s character, “Hey Johnny, what are you rebelling against?” Johnny looks at her and deadpans, “Whadda you got?” I get the same feeling from many supporters of Occupy Wall Street. They’re angry about something, so any protest is as good as another.
I’ve made it clear that I’m opposed to government handing out taxpayer money — whether real money or fictitious money made up out of thin air by the Fed — to anybody, whether it’s individuals or business interests or other groups. I’ve strongly opposed every bailout of any company or industry. But the current Wall Street protests miss the root of what’s wrong. The problem isn’t on Wall Street. The problem is in a political system that claims the right to transfer money from any group of people to any other group.
If you’re going to protest against people who are being bailed out, you’re going to have to “take over” autoworker union halls and big farms and government-operated schools all over the country, among many others. I don’t have any special love for Wall Street bankers, but it’s irrational to pretend that they’re the root of the problem. This protest just diverts attention from where the real root is — a coercive state that claims moral authority to tell all of us what to do.

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