jun 16, 1723 - Adam Smith

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The date is his birthday- Adam Smith is regarded as the "Father of CAPITALISM" and a major advocate for LAISSEZ FAIRE ECONOMICS. He also presented the idea of the "invisible hand" which suggested that the FREE MARKET would regulate itself and allow people to benefit. The "invisible hand" opposes the economic system of CENTRAL PLANNING as the "invisible hand" means little to no intervention.

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