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Whatever Happened to the Invisible Hand of Capitalism?

May 6, 2023 6:21 PM

The Invisible Hand of Capitalism?

By Vitaliy Katsenelson CFA

Just as the well-meaning economist of the Soviet Union didn’t know the correct price of sugar, nor do the good-intentioned economists of our global central banks know where interest rates should be.

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Assessment

Even more important, they can’t predict the consequences of their actions.

Here’s why?

http://contrarianedge.com/2016/03/16/whatever-happened-to-the-invisible-hand-of-capitalism/

Conclusion

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Posted by Dr. David Edward Marcinko MBA MEd CMP™

Categories: Health Economics, Investing

Tags: adam smith, Austrian economists, Invisible Hand of Capitalism?, Vitaliy Katsenelson

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