Daniel Hannan joins Secrets of Statecraft and starts with a major announcement: his appointment as the new director of the Institute of Economic Affairs (IEA), the pioneering free-market think tank founded in 1955. Hannan reflects on the intellectual legacy of the IEA and argues that the case for free markets, once broadly accepted, must now be made all over again in an age drifting back toward statism. The conversation ranges widely—from the resurgence of protectionism and the erosion of economic literacy to the failures of modern political leadership, the legacy of Brexit, and the cultural forces shaping today’s electorate. Along the way, Hannan explores the deep roots of conservatism, the challenges of defending free trade in an intuitive protectionist world, and the urgent need to reintroduce fundamental economic truths to a new generation.