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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Filed under: Health Economics, Investing | Tagged: adam smith, Austrian economists, Invisible Hand of Capitalism?, Vitaliy Katsenelson |
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