(Re-)Introducing: The American School of Economics

canuckistani78

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Monday November 17, 2008 · 7:54 AM PST

2008/11/17 · 07:54

When the United States became independent from Britain it also rebelled against the British System of economics, characterized by Adam Smith, in favor of the American School based on protectionism and infrastructure and prospered under this system for almost 200 years to become the wealthiest nation in the world. Unrestrained free trade resurfaced in the early 1900s culminating in the Great Depression and again in the 1970s culminating in the current Economic Meltdown.
American School of Economics

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