Donald Trump Praises Tariffs: A Look at Adam Smith’s Free Trade Exceptions & U.S. Economic Policy.
(ThyBlackMan.com) President Donald Trump calls tariff “the most beautiful word in the dictionary.” This refutes the orthodoxy of unilateral free trade championed for hundreds of years beginning with the 1776 “Wealth of Nations” author Adam Smith, widely known as the father of modern economics. But economist Donald J. Boudreaux of the American Institute for Economic Research and former economics department chair at George Mason University writes Smith offered four exceptions […]