The Flaw Of The Invisible Hand
Posted: 4 January 2013 Filed under: Politics 1 Comment »
Introductions to economics usually start with gushing tales about the magic of the free market. It is usually stated that the free market allows everyone to get the best quality goods at the cheapest prices. The magical invisible hand guides everyone to the best place without any unnecessary government intervention. Below is a link to a video typical of the kind.
A piece written by one of my followers (as in blog follower)........
Pretty much says it all.