Is America still the land of opportunity, or is it a land worn thin, showing much bureaucracy and less freedom? Dr. Friedman’s view of America’s present situation is not sanguine. He identifies...

Panel members Richard Neustadt, of the Kennedy School of Government at Harvard University, Robert S. McNamara, Secy. of Defense under J.F.K., George W. Ball, an Under Secy. of State for J.F.K.,...

James Buchanan, Professor of Economics at George Mason University, and 1986 Nobel laureate, discusses political and constitutional rules within which politicians operate. He analyzes incentives faced...