By Ian Vásquez, director of the Cato Institute’s Project on Global Economic Liberty, and a term member, Council on Foreign Relations

Of the cherished liberties of a free society—economic, political, and civil—economic freedom holds a special place. It is not only an end in itself; economic freedom gives sustenance to the other freedoms. When personal choice, voluntary exchange, and the protection of private property are not secure, it is difficult to imagine how political freedom or civil liberties can meaningfully be exercised.

[Whole thing.]