Economic Lessons

Argument for Small Government Using Adam Smith

Posted By ALN

May 16, 2020

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Argument for Small Government Using Adam Smith
May 16, 2020

Adam Smith long ago recognized that “natural liberty,” which resulted from eliminating unjustified preferences and restraints, needed a government far smaller than one requiring innumerable regulations and mandates as well as trillions of dollars of taxes each year. If we are to restore the vision he shared with our Founders—providing the broadest possible canvas for human freedom—far less folly and presumption from government is necessary, allowing us to make more use of the invisible hand of mutually beneficial, voluntary market arrangements.”

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