It is a distinct privilege to be the first speaker to address the Center for the Study of American Business. I view the inauguration of this center as a timely event, and one that marks the beginning of a program that could have a profound impact on the future of economic freedom in America. While my discussion will be limited to economic freedom, the ideas that I will express have a bearing on all freedoms—economic, social, and political. In my view the three are interdependent, and no one of them can exist without the others.