Delivered at the University of Chicago. Brochure summary:

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 the chief problem and its corollary solution: We must restore the prestige and influence of the single mechanism most responsible for America's greatness--the free market. Our greatest defense against becoming overgoverned is the free market.

"I believe very deeply that we are nearing the point of no return. We still have the choice, but if we continue much longer along the road that we have been going we no longer shall have the choice. We shall degenerate into a society which will lose that spark of creativity, that spark of independence, of freedom, that we have all loved in our country."