The Latest Breaking News from Adam Smith

WASHINGTON — The House takes up its annual National Defense Authorization Act this week, and the most consequential amendments may or may not be the ones that generate the most rhetorical heat.

The most consequential amendments on the defense policy bill may or may not be the ones that draw the most rhetorical heat.

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Why are some nations rich and others poor? Can the governments of poor nations do something to ensure that their nations become rich? These sorts of questions have long fascinated public officials and economists, at least since Adam Smith, the prominent Scottish economist whose famous 1776 book was titled “An…