Free Trade?

This is coolbert:

Thanks to the Chicago Tribune, MIKE THOMPSON & CREATORS SYNDICATE and US NEWS we have this "political cartoon" that reminds me to some degree of a much previous blog entry.

"THE WONDEROUS POTENTIAL OF THE GLOBAL ECONOMY!"

That famous economist Adam Smith of the opinion that generally speaking FREE TRADE as that concept understood good for EVERYONE.

Adam Smith also of the opinion that FREE TRADE as that concept understood having ONLY two exceptions.

ONE exception being that a nation must be self-sufficient in those ARMAMENTS necessary for defense. You cannot rely upon others.

AND that second exception unknown to me.

Devoted and knowledgable readers to the blog and familiar with the theories of Adam Smith are aware of that second excception?

Let me hear from you.

coolbert.