Republicans who controlled the government in the 1920s insisted that national prosperity depended on government protection of the rich, who they believed would plow their capital back into the economy to provide jobs and higher wages for workers. — Heather Cox Richardson Copy Share Image
“Needless to say, this idea that the origin of prosperity is hard work and frugality was exhaustively formulated by Adam Smith in The Wealth of Nations. Among the many reflections that highlight this idea of Smith’s, the following is very… — Axel Kaiser Copy Share Image
