This issue of The Freeman analyzes the moral and economic failures of socialism, contrasting coercive redistribution with the creative power of voluntary exchange. It critiques egalitarianism as incompatible with individual responsibility, examines the collapse of rent control in Sweden, and explores tax reform as a path toward greater economic freedom. Additional essays include a classical defense of liberty, an explanation of how economic knowledge is formed from personal experience, and commentary on why new taxes cannot cure deficits. Book reviews address the decline of political liberty, critiques of socialist theory, and the continuing relevance of documentation and democratic analysis.