This issue of The Freeman examines the moral foundations of private property and the dangers of the welfare state, arguing that coercive redistribution violates both economic logic and ethical principle. It critiques union-imposed wage rigidities and protectionist myths, highlights how market pricing resolved the Greyhound labor dispute, and explores the responsibilities of trustees and donors who wish to safeguard liberty across generations. Additional essays revisit the real lessons of the Gilded Age, challenge the claims of employment-protection policies, and assess the effects of airline regulation and resource allocation under scarcity. Book reviews consider works on economic crises, rural China, and national defense.
