
Glenn Hubbard: The Antidote to the Wall is the Bridge
Economics & Beyond with Rob Johnson
What Wall and What's a Bridge?
A wall is a sand in the gears for change. Smith, when he wrote the wealth of nations, was reacting to mercantilism. The purpose of the trading system is to bolster gold and silver that the sovereign would have to fight wars and personal luxury. Winning on average doesn't mean that everybody wins. And there's always the expression that gainers can compensate losers but do they?
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