Smith is probably the best-known and least-read economist, which explains why he is so often misunderstood. Smith did not invent the free market economy. For generations, free markets lowered costs, raised wages, and lifted billions out of poverty. But now free market principles are facing pushback from politicians promoting socialism and protectionism, even if they don’t always use those words to describe their top-down policies. Not by picking and choosing political favourites at the cabinet table, but by remembering Adam Smith and harnessing the power of the free market to build the wealth of our own nation.
