The twentieth century witnessed a decline of the American commitment to limited government and extensive private property rights. When the century began, our government still approximated a minimal state. We did not practice pure laissez faire, but we still placed severely binding restraints on government and allowed few intrusions of its potentially awesome power into the economic affairs of individual citizens. But government now suffuses every aspect of economic and social life. Merely to list its numerous powers would require a large volume: our farms and factories, our homes and schools, our health care, even our recreation—all feel its impact. . . .
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