Adam Smith Reveals His (Invisible) Hand!
Today is the anniversary of the publication of Adam Smith’s most famous work, ”The Wealth of Nations” (March 9, 1776). To celebrate this important day,…
Read MoreMarch 9th, 2011
At the ASI: Mervyn King and narrow banking
Via Tom Clougherty at the Adam Smith Institute, Mervyn King and narrow banking: Ultimately, the problem with modern banks is that they do not operate…
Read MoreMoney supply versus money demand
According to popular thinking, not every increase in the supply of money will have an effect on the production of goods. For instance, if…
Read MoreWilliam J. H. Boetcker’s Ten Cannots
It has become fashionable for our politicians to give us lists and pledges about things they will do or will not do to improve…
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