Keating: Adam Smith and the Public Debt

By Maryann O. Keating, Ph.D. In March 2020, the U.S. government faced a serious public-health issue, Covid 19. It responded by running large government deficits, adding to the public debt. Two and a half years later, the United States is experiencing long Covid 19 economic effects. Adam Smith addresses unanticipated government expenses like these in … Read more