Adam Smith and the Invisible hand.

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Diogenes
Posts: 6976
Joined: Mon Jun 15, 2009 3:33 pm

Re: Adam Smith and the Invisible hand.

Post by Diogenes »

brian wrote:
And you probably don't even understand what is the Post hoc ergo propter hoc fallacy.
Ah, but there is a cause/effect relationship between these two data.
‘What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.’
— Lord Melbourne —

brian
Posts: 5
Joined: Tue Sep 06, 2011 6:03 pm

Re: Adam Smith and the Invisible hand.

Post by brian »

Diogenes wrote:Ah, but there is a cause/effect relationship between these two data.
You got a source for that? Because history suggests otherwise.

Also, in general there isn't even a correlation (let alone a causal relationship) between tax rate and employment. There's a correlation here because you cherry picked the data.

MSimon
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Location: Rockford, Illinois
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Re: Adam Smith and the Invisible hand.

Post by MSimon »

brian wrote:
Diogenes wrote:Ah, but there is a cause/effect relationship between these two data.
You got a source for that? Because history suggests otherwise.

Also, in general there isn't even a correlation (let alone a causal relationship) between tax rate and employment. There's a correlation here because you cherry picked the data.
OK. Suppose you are correct. Let us do a thought experiment.

Raise the tax rate to 100%......
Engineering is the art of making what you want from what you can get at a profit.

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