Why Everyone Loves to Cite Adam Smith
From the American Founders to communist meme creators, people have long claimed Smith's endorsement for their ideas.
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From the American Founders to communist meme creators, people have long claimed Smith's endorsement for their ideas.
New York City is amid a crime wave. In 2022, major crimes rose by 22%, and likely the largest contributor to the spike was shoplifting — which shot up an astounding 44%.
A.I. and nuclear weapons could make for a catastrophic combination.
Since January, I have been leading on a project to commemorate the tercentenary of the birth of Adam Smith
In all but five of the past 50 years, the budget of the United States has been in cash deficit.[1] For example, in 2015, the federal government ran a cash deficit of $438 billion—after collecting $3,250 billion in revenues and spending $3,688 billion.[2] The continuous level of deficit spending has increased public debt, which, during the same period, rose from 33.7 percent to 73.6 percent of the gross domestic product (GDP).