LOONY TUNES No. 109
“Jazz Shaw” posts (7 Feb) on USA Today HERE
“Flying the unfriendly skies”
“The invisible hand of the market gets tied behind its back when there is no semblance of actual competition. I just had to shop for airline tickets this week and could find virtually no difference in price for the times and dates I needed to travel. …This has been my experience over and over again.
Customers ultimately determine pricing, voting with their wallets every day on what they value and are willing to pay for. That is the marketplace at work.”
It sure is in the ONLY way that markets CAN work by using VISIBLE prices from which customers can decide to pay or not pay.
It has nothing to do with INVISIBLE HANDS “tied [by whom?] behind their back!
Kieran Corcoran writes for the Daily Mail HERE
“Revealed: How 'invisible hand' of social convention dictates the rise and fall of baby names over the decades”.
James M Flanagan posts on his Blog HERE
“The Invisible Hand has a whip in it. It's the hand of servitude.”
“Give A Rose On Valentine’s Day As A Symbol Of Love and A Global Cooperation By The Invisible Hand”
“Because a rose is not just a symbol of love; it’s also a symbol of global coooperation coordinated by the invisible hand”.