Source: The Daily Economy
by Barry Brownstein
“If you maintain that over time, the United States has been the best country at exemplifying the teachings of Adam Smith, you would get no argument from me. Sadly, that imagined crown no longer fits. By one calculation, with President Trump’s new tariffs, the United States ‘is about to have the highest tariff rate of any advanced economy’ with a rate of ‘around 22 percent — up from 1.5 percent in 2022.’ Smith’s teachings on markets and human nature established the foundation for a free trade policy. It would seem the fate of humanity is to forget timeless truths, endure the consequences, and struggle to recover those truths.” (04/21/25)
https://thedailyeconomy.org/article/adam-smith-vs-the-tariff-state-a-timeless-case-for-free-trade/