Everybody ready for more #WealthOfNations? Let's go!

The third sort of rude produce is the kind where human attempts to cultivate and improve it produce unpredictable results. Examples include wool and animal hides. (I.xi.m.1) #WealthOfTweets #SmithTweets
It seems like the price of these should rise right along with the price of meat, but Smith says “Not so fast!” (I.xi.m.3)
#WealthOfTweets #SmithTweets
Because this sort of produce travels much better than meat, the market is much much larger. And we all know that more competition drives prices down. (I.xi.m.4–5) #WealthOfTweets #SmithTweets
And it all gets more complicated when government gets involved, like it did in the English wool industry. (Isn’t that always the way? You should see the forms we have to fill out to get each tweet govt. approved!) (I.xi.m.8) #WealthOfTweets #SmithTweets
Violence and artifice control price of English wool! 1. Forbidding export 2. Duty free Spanish imports 3. Irish can only export wool to England. English wool stuck as an English (not global) product, but competes w/ Spanish and Irish wool (I.xi.m.8–9) #WealthOfTweets #SmithTweets
Smith seems really frustrated by the lack of historical data on the price of hides. We embrace the mystery. (I.xi.m.10) #WealthOfTweets #SmithTweets
Price of hides has definitely dropped recently, though, and this is because the tanners aren’t as good at rent-seeking as the clothiers! (I.xi.m.11) #WealthOfTweets #SmithTweets
When prices for hides and wool drop, the price of meat rises because farmers have to cover costs of land and feed. (I.xi.m.12) #WealthOfTweets #SmithTweets
Since the market for these goods is global, demand and supply in other countries controls price much more than whatever improvements we can make in overall wealth or producing hides and wool. (I.xi.m.14) #WealthOfTweets #SmithTweets
Fish are tricky too, because there’s limited water that can support each type of fish, and the amount of work and $$ that goes into traveling farther to catch more fish and get them to market is enormous. (I.xi.m.15) #FishAreTricky #WealthOfTweets #SmithTweets
Mining is basically fishing, but more so. (I.xi.m.17–21) #WealthOfTweets #SmithTweets
But (and remember we are still, OMG STILL, in the Digression on Silver) even if we discover whole new mines, they don’t really affect the price of money. They only affect trifling superfluities like how much gold and silverplate there is.(I.xi.m.21) #WealthOfTweets #SmithTweets
If you mail us a silverplated tea set we, the SmithTweeters, hereby promise not to call it a trifling superfluity. Just saying. (I.xi.m.21) #WealthOfTweets #SmithTweets

More from @AdamSmithWorks

OK. Chapter 7 of Book 4 of #WealthOfNations is tough going. It's long. It's serious. It's all about colonies.

We can take comfort, though, in knowing that the chapter #AdamSmith says is about colonies is, in fact, about colonies. (IV.vii) #WealthOfTweets #SmithTweets


Colonies were a vexed subject when #AdamSmith was writing, and they’re even more complicated now. So, before we even get to the tweeting, here’s a link to that thread on Smith and “savage nations.” (IV.vii) #WealthOfTweets


The reason for the ancient Greeks and Romans to settle colonies was straightforward: they didn’t have enough space for their growing populations. Their colonies were treated as “emancipated children”—connected but independent. (IV.vii.a.2) #WealthOfTweets #SmithTweets

(Both these things are in contrast to the European colonies, as we'll see.) (IV.vii.a.2) #WealthOfTweets #SmithTweets

Ancient Greeks and Romans needed more space because the land was owned by an increasingly small number of citizens and farming and nearly all trades and arts were performed by slaves. It was hard for a poor freeman to improve his life. (IV.vii.a.3) #WealthOfTweets #SmithTweets

More from Society

A long thread on how an obsessive & violent antisemite & Holocaust denier has been embraced by the international “community of the good.”

Sarah Wilkinson has a history of Holocaust denial & anti-Jewish hatred dating back (in documented examples) to around 2015.


She is a self-proclaimed British activist for “Palestinian rights” but is more accurately a far Left neo-Nazi. Her son shares the same characteristics of violence, racism & Holocaust denial.

I first documented Sarah Wilkinson’s Holocaust denial back in July 2016. I believe I was the 1st person to do so.

Since then she has produced a long trail of written hate and abuse. See here for a good summary.


Wilkinson has recently been publicly celebrated by @XRebellionUK over her latest violent action against a Jewish owned business. Despite many people calling XR’s attention to her history, XR have chosen to remain in alliance with this neo-Nazi.

Former Labour Shadow Chancellor John McDonnell MP is among those who also chose to stand with Wilkinson via a tweet.

But McDonnell is not alone.

Neo-Nazi Sarah Wilkinson is supported and encouraged by thousands of those on the Left who consider themselves “anti-racists”.

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@franciscodeasis https://t.co/OuQaBRFPu7
Unfortunately the "This work includes the identification of viral sequences in bat samples, and has resulted in the isolation of three bat SARS-related coronaviruses that are now used as reagents to test therapeutics and vaccines." were BEFORE the


chimeric infectious clone grants were there.https://t.co/DAArwFkz6v is in 2017, Rs4231.
https://t.co/UgXygDjYbW is in 2016, RsSHC014 and RsWIV16.
https://t.co/krO69CsJ94 is in 2013, RsWIV1. notice that this is before the beginning of the project

starting in 2016. Also remember that they told about only 3 isolates/live viruses. RsSHC014 is a live infectious clone that is just as alive as those other "Isolates".

P.D. somehow is able to use funds that he have yet recieved yet, and send results and sequences from late 2019 back in time into 2015,2013 and 2016!

https://t.co/4wC7k1Lh54 Ref 3: Why ALL your pangolin samples were PCR negative? to avoid deep sequencing and accidentally reveal Paguma Larvata and Oryctolagus Cuniculus?