As you watch the U.S. financial system come close to a meltdown, the key phrase which will go down in history as the root of this problem is: "Socializing Costs and Privatizing Profits". At the root of this problem is the vexing issue of incentives. As I watch commentator and legislator impugn the "free-market" as the cause of this current crisis, I get a sinking feeling that the "fix" which eventually comes out of this will miss the root cause by a wide mark and not lead us to a stable, growth-oriented future.