“The problem is not simply that Smith was not the founder of economics.The problem is that he originated nothing that was true, and that whatever he originated was wrong.” -Murray Rothbard
Adam Smith (1723-1790), author of the iconic Wealth of Nations, is widely regarded as the “founder of modern economics”. His name is revered by…
We hear it all the time: “Buy American”. Indeed, presidential candidate Rick Santorum (who semi-won the Iowa caucuses last night) just received the endorsement of the Conservative Party USA because he apparently “understands that ‘Buy American’ is the key to reviving the US economy”.
I am not going to guess as to Mr. Santorum’s motives…
