The invisible hand job

It is seemingly de rigueur these days to disparage the economics we learned from Adam Smith, but if you ask me, they’re just jerking us around.

4 comments »

  1. McGehee »

    18 November 2018 · 9:20 pm

    Pay no attention to the Dow Jones Industrial Average. It exists to grab headlines and page views, not to represent the economy, or even the actual equities market.

    But where did the Ford excerpt come from? (I’ve forgotten aplenty links on my blog in just the past couple of weeks so it’s only a question, not a criticism.)

  2. CGHill »

    18 November 2018 · 10:13 pm

    The Ford stuff came from:

    https://www.roadandtrack.com/new-cars/car-technology/a25127208/why-smart-automakers-will-hold-off-on-evs-and-autonomy-for-now/

    My capacity to overlook closing links properly is growing apace.

  3. McGehee »

    19 November 2018 · 9:15 am

    Thanks. It’s a good read — and not just because it confirms so much that I already believe.

  4. hollyh »

    19 November 2018 · 10:39 am

    As far as butchers being “monsters”. Well dad-gummit, yeah, guilty as charged. Them, I mean. And me, for calling them out.

    The meat industry has continually shocked me over the past few years, for their unnecessary and entirely regrettable mistreatment of the poor devils that are destined for slaughter. It’s not those last few seconds I object to; it’s the thousands of seconds of misery ahead of it. As usual, the bottom-line reason is greed. It would cost a little more to avoid cruelty, so they don’t bother.

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