New Leviathan

The ideas and policies that are percolating down from 1600 Pennsylvania Avenue and Capitol Hill—increased government intervention, calls to “spread the wealth around,” onerous regulations, and bailouts for all—are not new. We’ve been down this road before. We know where it leads. It is that forlorn byway that Friedrich von Hayek called the Road to Serfdom.

The good news is we don’t have to go down ...