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In one Facebook post, Pierson attacks the philosophies of economist Adam Smith, who through his invisible-hand theory pushed the notion that the free market was self-regulating. In another post, he describes himself as "Keynesian." "I was wondering to all the neoclassicals and neoliberals, why isn't the market correcting itself?" he wrote. "If the invisible hand is so strong, shouldn't it be able to overpower regulations?" Read More |