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From Adam Smith to the wealth of America.

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From: National Review
Date: 19850614
Author:Williamson, Chilton, Jr.

PARTLY BECAUSE of its indelibly progressive history and partly because it has simply not been around long enough to experience many of history's broadest vicissitudes, the United States is unused to thinking of its salient characteristics as being reversible. The doctrine of democratic positivism has traditionally known no middle ground: History is either the glorious ascension toward the best of all possible worlds or the mindless slide back into the Age of Darkness. Only very, very recently has America been forced to grapple with a central and inescapable paradox: namely, the ...

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