This issue explores the perils of inflation and state expansion, arguing that sound money and restrained government are essential to prosperity. Contributors examine the unintended consequences of wage controls, the distortions caused by subsidies, and the cultural dangers of redefining “rights” as claims on others. Additional articles analyze the moral case for entrepreneurship, the political uses of envy, and the resilience of markets in the face of regulation. Book reviews address themes in constitutionalism, global development, and the ethical basis of economic freedom.
