IS THE “INVISIBLE HAND” STILL RELEVANT?

Interesting reading here from the SF Fed on the role of government in the markets and the “invisible hand”:

H/t ZH

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.

He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.