13 May 2015

Adam Smith would have loathed Trade Promotion Authority:

The proposal of any new law or regulation of commerce which comes from this order [of self-interested merchants and manufacturers], ought always to be listened to with great precaution, and ought never be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention.

 Not that I expect any American libertarians to care, or anything:  they all seem to have collectively decided that Adam Smith was not Adam Smith, but John D. Rockefeller (or perhaps the CEO of Comcast).