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Adam Smith on the Republica Budget Debacle

from a letter that Smith wrote on December 15, 1783 to Lord Auckland, William Eden:

I shall only say at present that every extraordinary either encouragement or discouragement that is given to the trade of any country more than to that of another, may, I think, be demonstrated to be in every case a complete piece of dupery, by which the interest of the State and the nation is constantly sacrificed to that of some particular class of traders.


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