Opinion: Ron Hart: Never forget the free market lessons of economist Adam Smith
When I look back on college, there are few things I can remember learning. One was that you can throw up well after you think you’re done. On one particularly hungover morning, I called the Memphis Alcoholic Helpline and asked how to make a Singapore Sling.
Born in Scotland in June 1723, the best economist in history, Adam Smith, would be three hundred years old this month. If he were alive, he would be happy to see that he was entirely right in his books, including Theory of Moral Sentiment and his seminal work, Wealth of Nations. Both should be required reading.
He was the first to call out crony capitalism; he called it “mercantilism.” It is a state of economics from which Democrats love to grift, a form of Mafia-like protection. Politicians give you governmental protections for your business and you funnel money back to them.
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