"The tax authorities are investigating allegations of tax evasion after reviewing records of individuals and entities. The authorities are sending a notice to them that they will have to pay a capital gains tax on bitcoin investments and transactions." George Goncalves, head of us interest rate strategy at nomura, argues that this could be the start of a bigger sell-off, largely depending on whether the us tax reform will eventually be approved. The bond market has been sceptical about the prospect of approval. Similarly, while Mr Trump's rhetoric on immigration is intense, his policy is relatively moderate, probably because many businessmen who support his campaign do prefer a moderate approach. The "Muslim ban" does not affect America's Labour supply. Although the pace of deportation has accelerated under Mr Trump, it is worth mentioning that millions of undocumented immigrants have also been deported by Mr Obama. The border wall that Mr Trump has forced Mexico to pay remains a dream of no capital. Even if the government plans to favor skilled workers, it will not necessarily reduce the number of legal immigrants. Adam Smith began as a logical starting point for "the personal gratification of the activity of personal gratification," and the market was "laissez-faire". The activities of the government completely unable to intervene in the pursuit of personal wealth, also don't have to worry about the laissez-faire altogether will create chaos, "an invisible hand" will be taking the laissez-faire personal economic activities arranged in perfect order. In other words, Adam Smith's market concept focuses on limiting government interference in individual economic activities. The wealth of nations also spends a considerable amount of time attacking the mercantilist policies that interfere with individual economic activity and limit individual economic power (property rights). Later classical economists stuck to their laissez-faire views.