On November 23, 2024, Fred L. Smith, Jr., founder of the Competitive Enterprise Institute (CEI), passed away at the age of 83. A towering figure in public policy, Smith left an indelible mark on the intellectual and political landscape by championing the principles of free markets, entrepreneurship, and individual liberty. His enduring legacy lives on through CEI, the think tank he founded 40 years ago, which continues to challenge the excesses of government regulation and promote market-based solutions.