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Much of the cost of government is in lost liberty—decisions on how we live our lives are increasingly made by government authorities. Dwight Lee explains that the costs of gradually losing our liberties go largely unseen, while the benefits (typically temporary and small) are easily seen. (9:09 minutes)

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Dwight R. Lee

Dwight R. Lee is the O'Neil Professor of Global Markets and Freedom in the Cox School of Business at Southern Methodist University.