Adam Smith's The Wealth of Nations is a great piece of work. One thing that's particularly refreshing about it, writes Sheldon Richman, is Smith's wariness of business people. This is something we ought to frequently remind market skeptics. Smith knew the difference between being sympathetic to the competitive economy—which he called the "system of natural liberty"—and being sympathetic to owners of capital (who might well have acquired it by less-than-kosher means, that is, through political privilege). Smith knew something about business lobbies, and about the dangers of crony capitalism.
Biden's Latest Round of Student Loan Debt Forgiveness Is an Indictment of Federal Higher Education Subsidies
Thirty-five years after Bill Bennett sounded the alarm about student loan defaults, we still haven't learned a damn thing.
But the appeals court wasn't having it.
"I chose to be that guy who didn't issue the apology," says Daniel Elder. "Things went from there and it wasn't good."
In 2018, the Republican said family separations were "tragic and heart-rending."
Retired Engineer Offers Free Expert Testimony for Flood Victims. Licensing Officials Threaten Him With Criminal Charges.
Wayne Nutt worked as an engineer for decades. But because he's not licensed, North Carolina's engineering board says that he can't share his expertise in public.