Sunday, June 25, 2017

TODAY'S INVISIBLE HANDS

1
On Language Change: The Invisible Hand In Language HERE
2
Asha Speckman posts (25 June) on Business Live
HERE
Market may drive Reserve Bank 'back to basics'
Central banks are often unpopular, but they hold the line”
Chris Stals, the man at the centre of South Africa's deepest political and economic crisis in modern history, has warned of the "invisible hand" that could force an errant government back to basic economic market principles. …
… Stals said he appreciated the need for the current government to intervene in the economy and market system (given the political past) but "even with very substantial interventions for good political and social reasons, never forget the principles of a market economy ... the invisible hand is going to work. If you apply restrictive measures in the economy, it's going to affect demand and supply.”
COMMENT

Yes, such restrictive measures will work through changing VISIBLE prices, not by a so-called invisible hand!

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