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To: Cringing Negativism Network
Cringing Negativism Network said: "But I say we need to bring back American manufacturing."

I may NEED a new car. My NEED itself will play very little part in actually causing a new car to appear. It might certainly provide motivation and guidance as to which car I might obtain. But more important than simple motivation will be the steps I take to actually obtain a new car.

I will need to investigate the availability of suitable cars, the purchase price of such cars, the maintenance requirements for such a car, and my ability to pay for it.

The most difficult part will probably be my ability to pay. I may have to save money or work longer hours. I may have to forego various other pleasures. I may have to defer my purchase until my circumstances improve.

Given that the U.S. NEEDS jobs, what steps do you propose for accomplishing this?

95 posted on 09/14/2014 10:02:16 AM PDT by William Tell
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To: William Tell

Your post reminded me of the “Invisible Hand” as discussed in the Wealth of Nations by Adam Smith. Our Government does not like the concept of the invisible hand because it means they are not in control.........

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Term used by Adam Smith to describe the natural force that guides free market capitalism through competition for scarce resources. According to Adam Smith, in a free market each participant will try to maximize self-interest, and the interaction of market participants, leading to exchange of goods and services, enables each participant to be better of than when simply producing for himself/herself. He further said that in a free market, no regulation of any type would be needed to ensure that the mutually beneficial exchange of goods and services took place, since this “invisible hand” would guide market participants to trade in the most mutually beneficial manner.

http://www.investorwords.com/2633/invisible_hand.html


100 posted on 09/14/2014 10:09:11 AM PDT by PeterPrinciple (The Bible doesn't say what I think it says and it says a lot of things I didn't know..........)
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