The Freeman: January 1995 Volume 45, 1995

This issue explores the economic and moral hazards of politicized policy—highlighting the failures of industrial planning, the unintended consequences of intervention, and the distortions created by regulatory subsidies. Authors assess America’s antitrust legacy, examine the roots of entrepreneurial success, and reflect on the dangers of treating government as a universal problem-solver. Additional articles address constitutional interpretation, the tension between democracy and liberty, and practical lessons in market coordination.