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Invisible Hand (feddit.org)

submitted 3 weeks ago by RockBottom@feddit.org to c/economics@lemmy.ml

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Can we replace the word "tariffs" with "the invisible hand of the market"?

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[–] besselj@lemmy.ca 5 points 3 weeks ago

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 points 3 weeks ago

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 points 3 weeks ago

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.