Adam Smith, The Wealth of Nations
The invisible hand is the marketplace.
Smith (and many, many others) argue that it is best to let the marketplace find its natural level. That artificial manipulation causes more harm. I agree with them. I suggest reading Milton Friedman in addition to Thomas Sowell, as they can can explain far better than I.
Market place, yes, more particularly people acting in their own interests end up benefiting society as a whole without intending to. The man who works for a living helps the economy which helps all when all he wanted was to feed himself.
Because it isn’t always obvious, it’s invisible.
I’m off for a bit. I’ll continue in the morn.
Cheers!
i would only add to what I’ve said already that in the situation with Sandy there is no real market place. And no one seems to have a clear idea of what to do.