Next year, 2026, will be the 250th anniversary of the publication of Adam Smith’s book, An Inquiry into the Nature and Causes of the Wealth of Nations.
In the book, Smith excoriated those who believed in high tariffs and mercantilism. My take is that Smith’s understanding of economic realities is still more sound and more conducive to optimizing wealth creation than Donald Trump’s judgment that free trade is bad for Americans.
Attached here is my take on Adam Smith in contrast to Donald Trump.