When media analysts claim that the free market and the Invisible Hand always arrives at the best answer, try to recall the need for competitive markets and their constrained scope.
Economic Policy
Invisible Hand
Tag: Free Market
Economic Policy
Creative Destruction and the Social Contract
Financially arranged consolidation is not creative destruction. It is the transfer of assets without pension responsibility
Economic Policy
Good For One
A single action may seem good for us, but if everyone does the same, the result is bad.
Economic Policy
The Invisible Hand’s Scar
We all pay more for less when enterprises violate the integrity of the free market.
Economic Policy, Thinking in Daily Life
Fallacy of Composition
It’s easy to overlook, if everyone makes the same choice, the entire system changes.
Economic Policy, Thinking in Daily Life
Free Market versus Status Quo
Are financial talking heads praising the return of free market action? No, they are bemoaning the decline in energy stocks and the change it forces upon the stock market.
Economic Policy, Thinking in Daily Life
Law of Selfish Action
A selfish action by one person may be good for that person, but if all people make the same decision – it can be bad for everyone.
Economic Policy
Design without a Designer
Our very, complex economic system has a design without a designer.
Economic Policy
Basic Economic Positions
Equal opportunity and equal pay for equal work, yet with incentive for individual initiative.
