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To: PeterPrinciple
Hey I've read Adam Smith. He was talking about comparative advantage between countries with more or less equal social, economic and standard of living. He was in favor of retaliatory tariffs. Did you know that?

Have you ever read a history book? I would encourage you to read about mercantilism, the founding of this country and tariffs. You might learn something. Try to open your mind a little. Also, in your much need quest for knowledge, you should read what Marx said about Free Trade, your chosen religion.

37 posted on 01/25/2017 7:11:52 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

He was in favor of retaliatory tariffs. Did you know that?


Show me that. Get a higher view, don’t wallow in details for the sake of being right.

He recognized there was limited role for govt and lawyers. I will repeat that. There is a limited role for government and lawyers. That does not mean he promotes it.

His best contribution to economic thought was the Invisible Hand.

We don’t like the concept of the INVISIBLE HAND, because we can’t control it. All economic theory since then has the ideal that CENTRALIZED GOVERNMENT can and should manage the economy. That is what I am seeing in your positon. Correct me if I am wrong.


38 posted on 01/28/2017 7:12:17 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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