c/economics · by RockBottom@feddit.org · 1yInvisible Hand Can we replace the word "tariffs" with "the invisible hand of the market"? -3 points · 3 comments · view on lemmy.world
3 Comments
besselj@lemmy.ca · 5 pts · 1y
The response to the tariffs is the invisible hand. Youre thinking of tiny hands that are responsible for the tariffs
the_abecedarian@piefed.social · 4 pts · 1y
The invisible hand is a term that hides the very real decisions made by those who have outsized influence on the economy
toadjones79@lemm.ee · 3 pts · 1y
No. Not even close to what those terms mean. If there was a useful comparison it would be to replace tariffs with Sales Tax. Every single time anyone even mentions Trump's tariffs we should be calling them Trump's massive sales tax.