If you’ve heard of Adam Smith, it’s probably because of his book The Wealth of Nations, which launched the study of economics, or his concept of “the invisible hand” by which individuals, each looking out only for their own personal gain, end up unwittingly contributing to the prosperity of socie...
When the American Medical Association chafes under Federal Trade Commission oversight, it feels the same frustration Adam must have felt at the menu regulations he faced in Eden. But often people want relief not from regulation but through the protections regulation can provide. Today, some airli...