Adam Smith V. Economies: The Clueless Invisible Hand!

[mascale]

Possibly it is worth noting that much that is absurd on earth, originated in a very few words, from Adam Smith, of Wealth of Nations.
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...every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good
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Everywhere noted is that individuals intend, or do not itend. Led by an "Invisible Hand," any person intending personal security has no intention of any other doing intent, or of any systemic intent. ". . .He frequently promotes that of the society more effectually than when he really intends to promote it." Anyone wonders if the recent Mortgages crisis comes to mind--the clueless from the ivy league promoting loans among the clueless from the Ghetto, and bundling it all irretrieveably worldwide: With more impact than nuclear war.

The world-wide interventionist attempts--systemic and not invisible--are everywhere in evidence, and discussed in no particular theoretical context. Anyone might note that all of history is like this. The mortgage crisis appears in Matthew 25:14-30. That originates in the Code of Moses. Usury was prohibited in Israel, except that it was OK to charge usury to foreign devils. A broader, "systemic" concept was known in history, put into the Codes, and generally ignored regarding their known systemic impacts. Before the Code of Moses, the Code of Hammurabi had allowed the household to indenture itself into slavery, for settlement of debts.

So the "Invisible Hand" does not exist. In fact, at the Ivy League, neither apparently does any kind of concept of any kind of systemic prerequisite, for the outcomes clearly history, even of only a few years ago.

Anyone notes that the arithmetic of it all: Is clearly an intentional act, system-known, system-wide.

"Crow, James Crow: Shaken, Not Stirred!"
(Going further with "The Doom Coffin!" We address the Final Solution of the Presbyterian Question: "Just where is all this money going to come from?!")

 

[HelenaHandbag]

I will take the invisible hand over the one that keeps rifling through the wallet in my handbag.

 

[mascale]

A former Caulifornia Governor, otherwise famous for "art" films, and scantilly clad stage presentations, is reported to have said: "Actually, the ice cream cone melts in your mouth, not on your forehead(?)," or something(?).

Weider Publications would soon come to recognize that, "After all, he is really the smart one!" In fact, famous Arnold would go on to an MBA degree! Tens of Thousands of others would go on to their own private, secured, MBA degrees. Known to history, the tens of thousands would even manage to lose track of upwards of $5.0 tril. worth of mortgages, a sizeable part of that, completely worthless. The rewards of the invisible mortgages were computed in the billions, even after it was discovered! The U. S. federal government rushed in with TARP money, it was all so Invisible. TheIvy League itself will still have to confess, " Actually, those were the smart ones." Their meaning tends to be, "As in all of the above!"

"Invisible, without a trace:" Is also an outcome of Adam Smith of the famous, stroking invisible. . . . .well(?)!"

"Crow, James Crow: Shaken, Not Stirred!"
(Young kemosabes make funny kinds of. . . . .hmmmm!)