On this episode of Reaganism, Reagan Institute Director of the Center for Civics, Education, and Opportunity Daniel M. Rothschild is joined by Dr. Samuel Gregg who serves as the Friedrich Hayek Chair in Economics and Economic History at the American Institute for Economic Research. They discuss the current state of free markets in America, emphasizing the critical choices facing the nation in the upcoming election. They explore the intertwining of economic, moral, and cultural dimensions in shaping public policy and the role of civil society. Dr. Gregg highlights the importance of historical figures like Wilhelm Röpke in understanding the foundations of economic freedom and critiques the welfare state while advocating for a revival of civil society to address genuine needs. The discussion also touches on the responsibilities of businesses in society and the need for a long-term perspective in political and economic discourse.