Lost in what Obama heralded in his State of the Union address as “an economy built to last” is Adam Smith’s “Invisible Hand.”
As philosopher Adam Smith’s wisdom went, the public good was optimized when each individual acted in enlightened self-interest—and not when, as preached by Obama, people were roped in the service of a politician’s definition of the common good.
“By pursuing his own interest,” wrote Smith in “The Wealth of Nations,” “[man] frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.”
Alas, when it comes to Barack Obama, the wisdom of Ron White applies. That great satirist from the great State of Texas teaches that “You can’t fix stupid.” “There is not a pill you can take, not a class you can go to. Stupid is forever.”