When leaders invoke Adam Smith's name, take their words 'with a cup of salt'

Glory Liu, author of "Adam Smith's America: How a Scottish Philosopher Became an Icon of American Capitalism," says that people evoking the famous economist's memory to support their thinking are typically wrong about his teachings, noting that the patron saint of capitalism had a lot of ideas that have mostly been forgotten by leaders and politicians trying to appropriate his fame and use it as an endorsement. She suggests it might be a warning sign as to what is being promoted using Smith as a tool. Also on the show, Patrick Fisher, founder of Creation Investments Capital Management, discusses active ESG investments in banking, micro-loans and fintech in underserved parts of the world, plus retirement planner Jeremy Keil of Keil Financial Partners talks about the impact that sustained inflation is having on senior clients and how people can respond and plan to get through price hikes.