This issue of The Freeman illustrates how voluntary exchange transforms lives, beginning with a story of a Peruvian boy who rises from street begging to entrepreneurship in a single day. Other essays examine the moral dimensions of insider trading, contrast voluntary and coercive cartels in the oil industry, and critique federal job-training and employment programs for destroying rather than creating opportunity. Additional articles debunk mercantilist fears over trade deficits and review best-selling works on culture, higher education, and government growth.
