From P.J. O’Rourke in Stansberry Digest:
Now that it’s April, we’re beginning to know how this election will turn out.
Somebody is going to lose the presidential race in a big way. He isn’t a candidate. He isn’t even alive. But America is going to be a lot worse off without him.
The loser will be Adam Smith (1723-1790), the man who founded the discipline of economics, discovered the way economies work, showed how free enterprise creates wealth, and wrote The Wealth of Nations.
Donald Trump and Hillary Clinton have not read the book.
Trump is a demagogic “moneybags” with a rich kid’s disdain for economics. Clinton is a famously grasping old wirepuller of a political hack who knows nothing about economics and couldn’t care less, except when the billfold contents of her own designer handbag are involved.
And the worst thing about the two of them is the one thing…