Politics Archives

Adam Smith’s Theory of International Trade: It’s About Freedom

Do embargoes lead to smuggling? Does trade benefit both countries? Is a trade deficit a bad thing? Adam Smith disagrees with restricting international trade for three reasons. He argues that it incentivizes smuggling, redirects domestic capital towards inefficient industries, and prevents countries from entering into mutually beneficial trade relationships. Continue reading for an overview of Adam Smith’s theory of international trade.

Critiquing Regulated Markets: Adam Smith Calls Out 2 Policies

What happens when the government meddles with the economy? What do regulated markets produce (or fail to produce)? The development of a nation’s wealth depends on competitive markets in which participants are free to act in their own self-interest. In The Wealth of Nations, Adam Smith identifies government policies that interfere with this process and slow down economic growth. We’ll explore two regulated market policies that Smith critiques: restricting international trade and subsidizing industries.

What Should the Government Spend Money On? 4 Priorities

What should the government spend money on? What should its priorities be and why? In The Wealth of Nations, Adam Smith discusses what he thinks are the best ways to grow a nation’s economy. Since growth is the goal, Smith opposes most public spending. He outlines two criteria for what he considers proper government expenditures. Only four things meet these criteria. Let’s take a look at what makes the cut and why.

Adam Smith’s Principles of Taxation: Tackling a Necessary Evil

How is ethical taxation achieved? How can taxes be less disruptive to the economy? In The Wealth of Nations, Adam Smith shares his general principles for how taxes ought to be collected and assessed. He also analyzes specific forms of taxation in light of his principles and explains how each tax is problematic in its own way. Let’s review Adam Smith’s principles of taxation and his analysis of three common tax policies.

Behold a Pale Horse: William Cooper Lays Out His Theories

Should we expect a New World Order one of these days? Are the Illuminati behind it? Are aliens involved? In Behold a Pale Horse, William Cooper lays out his belief, based on his own research and the writings of other conspiracists, that the world is secretly ruled by a shadowy organization known as the Illuminati. He explains their goals and methods to bring about the New World Order. Keep reading for an overview of this intriguing book.

How Does the Government Raise Money? Tax & Borrow

How does the government raise money? Are taxes necessary? From whom does the government borrow money? Before governments can spend money on defense, justice, education, or transportation infrastructure, the money needs to come from somewhere. In The Wealth of Nations, Adam Smith identifies two principal sources of revenue: taxation and borrowing. Continue reading to learn about these two methods of raising money.

Illuminati Goals & Methods: The New World Order Conspiracy

Who are the Illuminati? What do they want? How do they intend to get it? According to William Cooper, Illuminati operatives are everywhere, and they always have been. They’re getting all of their ducks in a row and will one day establish a global totalitarian socialist state—the New World Order. Continue reading to learn about the Illuminati’s goals and methods, according to Cooper.

William Cooper’s Illuminati Conspiracy Theory Explained

Who are the Illuminati? What’s the connection between the Illuminati and the New World Order? William Cooper believes that, since the dawn of civilization, a secret organization of self-styled intellectual elites called the Illuminati has worked from the shadows to manipulate economies, governments, and religions for their own gain. He discusses their aims in Behold a Pale Horse. Read more for an overview of William Cooper’s Illuminati conspiracy theory.

Fred Koch: A Profile From Jane Mayer’s Book Dark Money

Who was Fred Koch? How did he make his money? How did he use it? According to Jane Mayer, the Koch brothers’ political beliefs were influenced heavily by those of their father, Fred Koch. She discusses his influence and legacy in her book Dark Money. Keep reading for Mayer’s synopsis of the financial and political life of Fred Koch.

William Cooper’s Alien Conspiracy Theory: Reality or a Hoax?

Are aliens real? If so, what are they doing here? Why would the U.S. government try to conceal the truth? William Cooper claims that a major conspiracy is operating just under the surface of American society: the presence of aliens on Earth. He claims that this has been kept secret for decades by a government that’s in collusion with the aliens. Read more to understand William Cooper’s alien conspiracy theory, and decide for yourself what’s really going on.