Lefties Don’t Understand the Market, And They Never Did

Our educated class is the class that lives furthest from the market economy. ast week I had some fun here with the economic nonsense of our DSA kiddies. For instance, DSA Wunderkind Mamdani proposed for New York City: - Free and fast city buses - Rent freeze - Free universal child care - Public groceries - Taxing the wealthy Today I propose that Adam Smith’s notion of the “invisible hand” is the economic equivalent of Albert Einstein’s E = mc2. Because Smith changed our understanding of the world in the same way that Einstein did. The idea that the point...