Saturday, June 01, 2013

Patently Untrue Statements Perverts an Author's Credibility

Anonymous” posts (26 May) on Vix Pervenit (“on usury and other dishonest profit”  HERE 
“Invisible Hand Destroyed Bangladeshi Factory”
The ‘invisible hand’ that Adam Smith, celebrated Whig economist, said kept the economy producing the right products, in the right amounts, at the right prices, is the same invisible hand that demolished the Bangladeshi sweat shop last month.”
Where exactly did Adam Smith write of his use of the Invisible-Hand metaphor in these terms? 
The author destroys his own credibility by making such patently false statements.  Apart from it being absolutely wrong, it is also a blatant example of dishonest politics to do so. 


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