This issue examines the causes of war and economic stagnation, arguing that free trade and open markets reduce conflict and promote prosperity. It critiques antitrust fears about “bigness,” exposes the unintended consequences of federal disaster relief, and reprints President Grover Cleveland’s classic veto message on constitutional limits. Additional essays challenge modern entitlement thinking, explore cyclical unemployment, and defend America’s long-run prospects. Book reviews address capitalism’s moral foundations and critiques of central planning.
