Post ArZNHNurUXugJ27hHk by FantasticalEconomics@geekdom.social
 (DIR) More posts by FantasticalEconomics@geekdom.social
 (DIR) Post #ArZNHMonZbT8twHLCC by TonyStark@progressivecafe.social
       2025-02-27T14:49:42Z
       
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       “Will only publish columns in defense of the current administration”.There, I fixed it.Washington Post owner Jeff Bezos says opinion pages will defend free market and 'personal liberties' | AP Newshttps://apnews.com/article/washington-post-bezos-opinion-trump-market-liberty-97a7d8113d670ec6e643525fdf9f06de
       
 (DIR) Post #ArZNHNurUXugJ27hHk by FantasticalEconomics@geekdom.social
       2025-02-27T16:17:11Z
       
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       @TonyStark It's sad we, as a society, define "freedom" as preventing the government from stopping billionaires from abusing us. It's not the "free market" Adam Smith envisioned, and it's far from what all the empirical evidence shows leads to better outcomes for society (including the rich, by most metrics).This is another thing we can thank the Koch Brothers for. They paid handsomely for econ programs to push this one, very narrow, view. And they continue to do so.
       
 (DIR) Post #ArZNHOsPv7YHHjzG76 by HighlandLawyer@mastodon.social
       2025-02-28T00:56:28Z
       
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       @FantasticalEconomics @TonyStark Adam Smith is often misrepresented, often by those who've never read his works but merely quote snippets."People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices." ~ Adam Smith, The Wealth of Nations
       
 (DIR) Post #ArZNHPism3WFuSX9tI by strypey@mastodon.nzoss.nz
       2025-02-28T06:59:28Z
       
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       @HighlandLawyer > by those who've never read his worksGuilty as charged : P But one of my favourite snippet is;"The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate."#AdamSmith@GhostOnTheHalfShell @FantasticalEconomics @TonyStark