[imachine1980_]

I need to write a post about why the invisible hands doesn't mean what people think, it means if you kill the king, the system won't collapse because the secret sauce of the society is in the trade of the parts, Adam's Smith write about that people aren't rational and that we need controls over monopolies, most what people think Smith say is what Lucas say.

[zeruch]

I'd wager over 90% of people who 'quote' Adam Smith have never actually read more than a choice de-contextualized quote, and understand his actual positions at all.

[Ensorceled]

Yeah, this list is chock full of just plain misunderstanding the idea being quoted ... like doublespeak, Overton Window, Theory of Constraints ...

[sharemywin]

cartels can function like a monopoly. we need to manage pricing power as a society.