Tariffs Useful Until They Become a Hidden Tax

Adam Smith’s concept of the “invisible hand” is one of the most powerful metaphors in economic thought.

It describes how individuals pursuing their own self-interest in a free market ultimately benefit society as a whole. When left to operate naturally, the free market has a remarkable ability to allocate resources efficiently, create prosperity, and drive innovation.

However, when external forces — whether they be government intervention, protectionist policies, or political retaliation — interfere with this process, the invisible hand can quickly transform into a sucker punch.

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