From: julianlzb87@gmail.com   
      
   Learning to live with the new tariff reality 250 years after Adam Smith   
   put the idea of them to bed   
      
      
   Two hundred and fifty years ago marks the beginning of what I’m terming   
   the Great Revolutionary Era starting in 1776 and continuing until at   
   least today and probably ending when we reach AGI and certain powers   
   fall out of human reach.   
      
   In that year two documents emerged that would shape the modern world. In   
   March, Adam Smith published The Wealth of Nations. In July, American   
   colonists declared independence. Both were responses to the same   
   question: who has the right to take your money, and on what terms?   
      
   The colonists’ answer was simple: no taxation without representation. If   
   you’re going to reach into our pockets, we get a vote on the matter.   
   This wasn’t mere rhetoric—it was philosophy hardened into revolution.   
   James Otis Jr., a Massachusetts lawyer, wrote in 1764 that “the very act   
   of taxing, exercised over those who are not represented, appears to me   
   to be depriving them of one of their most essential rights, as freemen.”   
   By 1765, at the Stamp Act Congress, he had sharpened it to a slogan:   
   “taxation without representation is tyranny.” If you want to understand   
   what led to a lot of this in acute crisis, you need to understand   
   banking regulations actually (everything is debts, all the way down),   
   Tyler Goodspeed’s book on Legislating Instability is an essential read   
   for this anniversary year. Yes it costs a fortune, that’s because it’s   
   actually good. He was chair of the Council of Economic Advisers under   
   Trump term 1, and is a Senior fellow of the Adam Smith Institute. He   
   knows his stuff.   
      
   Anyways, let’s go now to Donald Trump’s tariffs in term two, and a   
   delicious irony that nobody seems to have noticed...   
      
   https://mattkilcoyne.substack.com/p/yes-to-taxation-without-representation   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)