The visible hand is the one that’s invisible to Socialist congregants… it holds a deadly weapon.
Every socialist, communist and miscellaneous looter is fond of reciting Smith’s mention of the visible “invisible hand” of freedom, for it gives the impression of mystical superstition and life-after-death as the basis for valuing freedom as opposed to coercion. When was the last time you saw THIS tidbit of Adam Smith’s writings?
But if we consider the matter more closely, we shall find that this interested diligence of the clergy is what every wise legislator will study to prevent; because, in every religion except the true, it is highly pernicious, and it has even a natural tendency to pervert the truth, by infusing into it a strong mixture of superstition, folly, and delusion. Each ghostly practitioner, in order to render himself more precious and sacred in the eyes of his retainers, will inspire them with the most violent abhorrence of all other sects, and continually endeavour, by some novelty, to excite the languid devotion of his audience.
William Graham Sumner’s original formulation of The Forgotten Man included a cast of four characters: A and B, who put their heads together to decide what C shall be forced to do for D. “C” is the Forgotten Man, the robbery victim, the slave. The Forgotten Hand is an appendage of which of these characters?
The Forgotten Hand, the one holding the gun, belongs to B–the man A sends to rob C in order to pay the both of them for pretending to be doing something benevolent for D. “B” is a gang of government agents, paid to believe that whatever “A” decides is good enough to kill for, nothing more. “A” is the real culprit. “A” is the Congress that assures the crowd that freedom is selfish, that only the terrified, fearing for their lives, can be generous (or else!).
“A” is also the voter who elected to send men with guns out to take someone else’s money by force. Why? So that A and B can preen and strut as beacons of selfless nobility and disinterested altruism. In the Republican version “A” is the Congress, “B” is the IRS and DEA, CIA, FATF, AML, TF, CFT, DNFBP, IRS-CID, INL, ICRG, GIABA, GAFISUD, FSRB, FIU, FinCEN, EAG. In the Democratic Party version, “B” is the IRS and FDA, HEW and an alphabet soup of other, equally unproductive parasites.
These are the armed and infatuated ruffians who arrogate the power to destroy wealth in furtherance of some scheme of expropriation. A “protective” tariff, such as caused the Rebellion of 1776, the Nullification Crisis, then the Civil War, is promptly countered by speculation in smuggling. Smith described the economic results of an entrenched kleptocracy’s resort to asset forfeiture:
By the ruin of the smuggler, his capital, which had before been employed in maintaining productive labour, is absorbed either in the revenue of the state, or in that of the revenue officer; and is employed in maintaining unproductive, to the diminution of the general capital of the society, and of the useful industry which it might otherwise have maintained.
The domino effect of confiscation, withdrawal of deposits, collapse of credit, liquidity crises and widespread bankruptcies brought about by Presidents Harrison, Hoover, Reagan, Bush and Bush Jr is simply the reaffirmation of what Adam Smith wrote in 1775, and Ayn Rand improved and set on an ethical footing in 1957. There, too, was The Forgotten Hand:
I mean that I hold the upper hand!”
“With a gun in it?”
“Oh, forget about guns! I—”
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Find out the juicy details behind the mother of all economic collapses. Prohibition and The Crash–Cause and Effect in 1929 is available in two languages on Amazon Kindle, each at the cost of a pint of craft beer.