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by pravus
1048 days ago
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No, you can't use "invisible hand" theories in the current economy because the hand is very visibly the government when it comes to bank monetary policy. Any claim that world economies are anything like the markets Adam Smith envisioned would be completely thrown out the window after 2008. They were already on very tenuous grounds. Or maybe another way to look at it this: the invisible hand of force is yet another invisible hand operating in the markets. |
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