The invisible hand is flipping us the bird.

The idea that everyone following their own self-interest should necessarily produce the greatest good for the greatest number is intuitively irrational, and historically false. Markets turned out not to be self-regulating at all. The most prosperous economies, and the ones that have shared the prosperity most widely, have turned out to be regulated market economies, not laissez-faire.

Get that damned invisible hand outta my pocket!

I oughta send Frank Cotton after him....

Tell Me something. Why does this bailout smell like some Dad bailing out His Son for charging up his credit card a million dollars?? Seems to Me if the Dad bailed the Son out He really didn't love Him in the first place.

Larry

For example, Smith says, if a product shortage were to occur, that product's price in the market would rise, creating incentive for its production and a reduction in its consumption, eventually curing the shortage. The increased competition among manufacturers and increased supply would also lower the price of the product to its production cost plus a small profit, the "natural price."

Why is this such false rational thinking?

It makes sense on the outside appearance but reality this is far from the truth.

Hmmmm! people and business do very unrational things.