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The only economic system that maximizes both growth and individual liberty is capitalism, explains Allan H. Meltzer in his new book. Capitalism succeeds because it is adaptive, not rigid, whereas so much regulation often fails despite good intentions. The author will explain why European welfare states lag behind the United States, the causes of postwar progress and current enormous budget deficits, and why inflation will return. Join us to hear Professor Meltzer’s passionate defense of the free market at a time when U.S. citizens seem to lack a shared vision of the way to maintain domestic or world growth. John Mueller will comment on the role of capitalism in human progress.