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The founder of modern economics, Adam Smith, was no fan of the merchants of his time. He regarded them as among the most responsible for how “the mercantile system,” as Smith called it, accorded legal privileges to politically connected producers over...

If I were paid every time I heard someone criticize someone’s political ideology based on a tired cliche with little intellectual backing, I’d quit my job and retire. We all understand what I’m talking about; Progressives are reduced to lazy, power-hungry cry babies who like...