For the record, I am interrupting my multi-part plea to Adam Smith scholars — i.e. my series on the dos and don’ts of citing the Scottish philosopher’s “Lectures on Jurisprudence” — to share the following public service announcement: classical liberalism > mercantilism

PS: Will the courts — or the Congress! — declare Trump’s “liberation day” tariffs illegal? (See here or here, for example.) In the meantime, we can only hope that these tariffs are just a Trumpian negotiating tactic or calculated trade-policy ploy (see here) to get other countries to open their markets and agree to unconditional free trade.