Source: EconLog
by Jon Murphy
“Shortly after the ‘Liberation Day’ tariffs were announced back in April, Janet Bufton wrote an excellent post about whether or not Adam Smith would approve of those so-called ‘reciprocal’ tariffs. I also riffed off her post here. In both cases, we argued these tariffs were not compliant with Smith’s argument and thus he would not have approved of them. Six months later, we have four pieces of good evidence that U.S. tariffs would not have met with Smith’s approval.” (10/28/25)
https://www.econlib.org/econlog/adam-smith-would-not-approve-the-evidence