December 4, 2016

Adam Smith, Wilbur Ross Differ on Balance of Trade

Adam Smith: “Nothing, however, can be more absurd than this whole doctrine of the balance of trade”

Liya Palagashvili

Senior Research Fellow

Liya Palagashvili corrects the Commerce Secretary-designate with a lesson from the godfather of classical liberal economics himself. Read more at the Wall Street Journal.