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Foreword The promotion of economic freedom at home and abroad is essential not only for a genuine and sustained revitalization of the U.S. economy, but also to strengthen U.S. national security. In 2010, the United States fell from the highest category of economically free countries (those with overall scores above 80) in the Index of Economic Freedom. It has been stuck in the ranks of the “mostly free,” second-tier economic freedom category ever since.

Today, those who defend free markets and capitalism often do so solely on managerial or technical grounds, but economic liberty needs a moral defense as well. Defense of economic liberty without reference to morality will ultimately prove injurious to liberty itself. Rightly understood, capitalism is simply the name for the economic component of the natural order of liberty. It means expansive ownership of property, fair and equal rules for all, economic security through prosperity, strict adherence to the boundaries of ownership, opportunity for charity, wise resource use, creativity, growth,...

The citizens of the Shining City did as they did during the war – they soldiered on.

The citizens of the Shining City did as they did during the war – they soldiered on.