Donald Trump, Adam Smith, and the Wealth of America
Two hundred and fifty years after the publication of The Wealth of Nations , the public figure who most embodies Adam Smith’s ideals is not a D.C. think tank self-styled free trader, a corporate lobbyist draped in the language of trade openness, or one of the many modern commentators who invoke Smith as a patron saint of cheap imports and national passivity.
It is Donald Trump .
That will sound ridiculous to those who have reduced Smith to a single proposition: tariffs are bad, imports are good, and any nation worried about production has failed to grasp the first thing about economics. But…
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