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All-Knowing Invisible Hand Of Free Market Once Again Guides Millions In Profits To Nation’s Bead Stores

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All-Knowing Invisible Hand Of Free Market Once Again Guides Millions In Profits To Nation’s Bead Stores

PRINCETON, NJ—Citing the teachings of classical laissez-faire economics, leading economists explained Tuesday that the all-knowing invisible hand of free-market capitalism had yet again guided millions of dollars in profits to bead stores across the nation. “When left to govern themselves, the forces of supply and demand will always allocate money and resources most efficiently between market actors, in this case, by redistributing tens of millions of dollars of individuals’ earnings to purveyors of loose glass, crystal, pewter, and acrylic beads each year,” said Princeton University economist Markus Brunnermeier, confirming that the principles of competitive markets put forth by pioneering 18th-century thinker Adam Smith ensured that stores with names such as Beadniks, String-A-Strand, and Fun 2 Bead would continue to thrive commercially. “Given that producers and consumers have freedom of choice to buy and sell wares as they please, our current market, in which stores make thousands upon thousands of dollars a day by selling beads, wires on which to string beads, and offering evening classes in custom beaded bracelet making, is, by definition, the optimal outcome for society as a whole.” Brunnermeier also added that the principles of the division of labor put forth by Adam Smith in his seminal treatise The Wealth Of Nations ensured that workers at bead stores all display extremely heightened levels of skill and productivity at their positions.

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