Obama’s Visible Hand to “Guide” Market’s Invisible Hand

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Unbelievable.

“If we once again guide the market’s invisible hand with a higher principle, our markets will recover, our economy will once again thrive and America will once again lead the world in this new century as it did in the last,” he [Obama] said.

Government agents manage to pilfer and deface every concept imaginable. By its very definition, the invisible hand cannot be “guided” (Friedman interpreted it to be “the possibility of cooperation without coercion”), but then again, who cares about words, terms, and definitions? Perhaps Obama’s speechwriter googled Noam Chomsky.

5:27 am on February 26, 2009
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