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In this Issues & Insights article, Gary M. Galles celebrates America’s 250th anniversary by highlighting Adam Smith’s “invisible hand” of voluntary market interactions enabled by liberty, contrasting it with the clumsy “visible foot” of government overreach.
- Smith’s “Wealth of Nations,” published just before the Declaration of Independence, shares the Founders’ commitment to liberty, private property, and voluntary exchange that coordinates society more effectively than state coercion.
- Government is the greatest spendthrift, often ruining states through prodigality while individuals’ frugality and good conduct repair the damage and drive progress.
- Smith warned against statesmen directing private capital, calling such interference impertinent and oppressive, as no wisdom can match the natural course of liberty.
- Today’s massively expanded government imposes trillions in taxes and regulations, severely constraining the invisible hand and surrendering much of what greater freedom could provide.
- America’s semiquincentennial offers a chance to recommit to limited government protecting unalienable rights, allowing the invisible hand to flourish as the Founders intended.
- Restoring natural liberty requires rolling back overreaching interventions so markets, not bureaucrats, allocate resources for prosperity and human flourishing.
- This vision, shared with the Founders, demands peace, easy taxes, and justice — letting individuals pursue their interests freely within the bounds of law.
Read the full story:
https://issuesinsights.com/2026/06/22/celebrate-america-for-how-it-enabled-the-invisible-hand-not-the-visible-foot/
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