Rational Economic Man, DUI, and Desacralizing Adoption
5th February 2012
Apparently this very rich man decided to adopt his girlfriend to shield a large amount of assets from a potential civil judgment in the aftermath of DUI charges against him. Both of his kids are minors, and apparently his trust for his children could still be hit by a future judgment against him, but with the adoption of another daughter who is not a minor, the trust becomes immune to such judgments. Enter the girlfriend and the strategic adoption. Rational Economic Man never disappoints in his ability to desacralize institutions and game systems.
February 6th, 2012 at 16:34
So, this is a praise posting?
Isn’t every man doing what serves his own self interest what makes the Invisible Hand infallible?
February 7th, 2012 at 08:08
Does it look like a ‘praise posting’ to you?
There is nothing infallible about the Invisible Hand. ‘Infallible’ implies an objective, and Events don’t have an objective, they just happen. However, as Hayek so famously said, ‘No few of us is as smart as all of us’, which is what makes the Invisible Hand so much more effective than the Visible Hand.