The Liberty Archive FREECAPITALISTS.ORG

Chapter 38 of 39 · The Freeman 1952, Vol I by Foundation for Economic Education

Index

2,984 words · All 39 chapters

Conformity) 19 Congress, 219, 239 Conquistadores, 290 Conscience, moral, 25 Consolidated Edison Co., 109 Constitution of United States amendments of, 26) 33) 53 authors of, 27, 35) 204 commerce clause, 57 designates power, 88 designed, 91, 94, 221 distrust of, 53 functions of, 26 limitations upon government, 18, 27, 58) 91) 245 . Lockian principle of, 57 slave states and) 198 to safeguard liberty, 53) 244 Consumers demands, 85, 129 food control and, 229 living, 184 preferences of, 86, 130 price fixing and) 157 production and, 120, 130, 138, 140, 143, 193 signals to) 136 surplus and, 187 Contract, sanctity of) 120 Controls government) 47, 91, 94, 112, 126, 144,165,217,229 of food, 188, 229 rent, 237 required, 137 social, 166 subsidies and) 144 wage and price, 128) 143, 188, 192, 194, 241 Cooperation, 76 Cooperatives, and price controls, 187 "Corban," 163 Com and hogs) relative price, 128 Corporations) control of wealth, 14 Corruption) through power, 210, 290 Councils, decisions of, 231 Counterfeiting) 178 Covetousness, 269, 274) 277, 282,287 Credit, centralization of, 96 Crime investigation, and welfare state, 285 Czars, 94 D Danton, Georges Jacques) 40 Dark Ages, 258, 262 Darwin, Charles, 213 Davidson, Thomas, 267 [ 299] Decalogue, see Commandments, Ten Declaration of Independence, 53 Deficit spending, 182 Democracy enemies of, 93 voting privileges, 220 Despotism, safeguards. against, 244 Dictatorship choice of laws, 215 German, 94 protection against, 95 root of, 71 Division-of-Iaw practice, 246 Dneiper River hydroelectric project, 106 Doakes, Joe, 235 Dostoevsky, Fyodor, 50 Douglas, Lloyd, 232 Draft of Bolshevik Theses (March 17, 1917), 59 du Noiiy, Lecomte, 232 Dutch Republic, 52 Duty social, 66 see also, Responsibility E Economics commandments violated, 285 crisis of, 152 government controlled, 47, 94 machinery of, 92 morals and, 265 planning in, 92, 133 production, 130 quackery, 186 Russian philosophy of, 114 salvation of, 174 suicide, danger of, 125 Economy competitive, 139 government dominated, 92 see also, Market economy Education, 97, 208 Elections, 95 Electricity, government, 100 Empiricism, test of, 71 Employment, 57, 134, 207 England guaranteed prices, 138 Labor government, 15, 202 rule of authority, 54 socialistic, 15, 95, 117, 123 England (Contd.) standard of living, 117 trade unions of, 15 Equality meaning of, 54 of individuals, 227 political, 57 revolutionary doctrine, 53 treatment of persons, 60 under law, 54 Europe, acceptance of government control, 93 Evil and good, 23, 114, 247, 272, 274,283 Evolution of judgment, 258 theory of, 213 Exchange, by buyers and sellers, 120 F Farm programs, 95, 141 Farmers Canadian wheat, 142 court decision and, 145 Fascism (1936), 59 Fascists, concept of freedom, 59 Federal government, see Government Federal projects, 100, 103, 105, 108 Federation of Labor Unions, 146 First Leftist, 39 Food control, 188, 229 Force principle of, 171 Russian, 206 state, and the, 57, 74 unsurpassed, 265 use of, 202, 211 Ford, Henry, 21 Forefathers, of American government, 27, 35, 204 Foreign aid grants, 119, 174 Foreign trade balances, 182 France, and taxation, 54 Franklin, Benjamin, 91 Free exchange, 133 Free market aim to meet changing conditions, 129 competition and progress, 141, 255 consumers in, 157 .

ecOnomy of, 114, 130, 134, 139 e:fBciency of, 141 guide to economy, 134, 139 problems of, 105, 110, 140, 192 [BOO ] Free market (Contd.) setting prices, 130, 136 supply and demand, 192 Free prices mechanism of, 129, 133, 189 robbed by price supports, 143 tampered with, 136 Free society, 57 Free speech, right of, 52 Freedom appeal to strength, 18 changed meaning of, 58 communist view of, 18, 59, 61, 96 concept of, 60, 95, 114, 199, 201 dangers to, 94 dictator's choice, 215 economic, 83, 87 fear of, 50 God and, 213 government restrictions and, 218 guarantee of, 204 importance of, 76, 81, 93 Indians and, 200 individual, 29, 32, 51, 55, 58, 198, 201, 209 liberty and, see also, Liberty military threat, 218 of choice, 32, 116, 120, 163, 202, 214, 218 progress and, 218 rejected, 226 responsibilities under, 21, 29, 32, 209,223 return to, 222 surrendered, 36 to compete, 85, 142, 157 to produce, 277 treason to, 93 under market system, 85, 87 versus free bread, 61 French Revolution, 38, 54, 60 G Georgia, slave laws of, 199 Germany idealistic philosophy of, 58 industrial earnings and, 220 seized by dictators, 94 Glorious Revolution of 1688, 52 God, 160, 169, 172,213,216,259 Goethe, 259 Golden Rule, 268, 272 Good and evil, 23, 114, 247, 272, 274, 283 Good Samaritan, 161, 208 Government agencies of, 56 American tradition, 221 authoritarian, 27, 53, 244 benevolent institution, 91, 202 checks and balances, 27, 53,88,91, 244 controls, 47, 91, 94, 112, 126, 144, 165,217,229 counterfeiting, 178 dangers of, 91 deflned, 23, 43, 85,90 designed by American forefathers, 27, 35, 204 distrust of, 26 economic planners of, 95 expenditures, 180, 183, 195, 290 function of, 227 guarantees of, 30, 90, 119, 159, 199,201,204,207,225 housing, 206 inflation, 110, 175 interference, 24, 81 Jefferson, Thomas and, 35 just, 54 leaders, 27 machinery of, 117 management, centralized, 23 money monopoly and, 176 neo-liberalism and, 61 officials, 56, 291 ownership, 99, 101, 104, 217 power of, 15, 27, 42, 62, 88, 95, 222 price supports, 128, 137, 141 purpose of, 90, 204 restrictions, 220 rule of law, 56 separation of powers, 88 set up by reactionaries, 92 socialist, see England subsidies, 20, 36, 138, 144 taxing power, 24, 63, 138, 185 welfare schemes, 222 Grand Inquisitor, 50, 61 Great Britain, see England Great White Father in Washington, 200 Greece, 29 Guaranteed life, 90 H Hammurabi, Code of, 205, 290 Hanna, Mark, 95 Harmony, aided by compromise, 255 [301 ] Hayek, Friedrich A., 286 Henry, Patrick, 250 Hitler, Adolf, 27, 42, 48, 118 Holland, 15, 52 Honesty, 123, 242, 262 Housing government, 206 Parisian, 146 public, 96 signal to, 136 Human welfare, 23 Humanitarian plans, 124 Humanity, friends of, 67 Hume, David, 276 Hunt, Betty Knowles, 9 Hydroelectric projects, 102, 106 I Ideas evil, 114 false, 104 free growth of, 95 principle and, 262 Ignorance, consequences of, 268, 272 Immigrants, 30 Immorality legalized, 23 publications and, 278 virus of, 287 Incas, 290 Income tax confiscated, 219 inflation and, 180 of baseball players, 197 spent by planners, 217 surrendered to government, 221 Indians, American, 200, 222 Individualism, versus collectivism, 122 Individuals freedom of, 48, 218, 227 God's manifestation of, 259 in society, 73, 76 respect for, 35 responsibility of, see Responsibilities rights of, 91, 249 sacrifice of, 61 sanctity of, 260 virtues· and, 243 Industrial armies, 97 Industrial Revolution, 57 Industry centralized, 97 confiscated, 219 nationalization of, 139 Industry (Contd.) output and, llQ surrendered to government, 220 Inequalities, 77, 214 InBation cllecking, 175 defined,175 deflation and, 143 fighters, 186 »rices and, 186 schemes of government, 110 taxation and, 188, 197 Inheritance, right of, 96 Injunctions, 55 Insurance, life, 173 Integrity, intellectual, 233 International Brotherhood of Teamsters, 56 Interstate commerce, 57 Intervention by the state, 60, 290 in the market place, 75 Invention and development, 47 Investment, compulsory, 104 Irrigation fallacy, 103

J Jacobins, 39, 43 Japan, 220 Jefferson, Thomas, 35, 91, 291 Judgment, personal, 233, 258 Jugoslavia, and communism, 95 Justice, loss of, 23, 199, 220 Juvenile delinquency, 286 K Keynes, (Lord) John Maynard, 194 Knickerbocker Holiday, 90, 95 L Labor compulsory, 202 division of, 77 groups, 227 in England, 15, 202 laboring classes and, 47, 54, 61, 94 problems, 57, 134, 139,207 relations, 79 ' unions, 55, 60 Lacy, Mary G., 188 Laissez faire, 71 Laval government, and rents, 153 [302 ] Law abolishment of, 226 compulsory and voluntary, 162 destruction to liberty, 214 dishonesty and, 193 equality under, 54, 227 government and, 57 kinds, 215 medical care and, 203 of supply and demand, 120 principles of, 55 proposed by planners, 217 reforms and, 68, 91 rule of, 56 special privileges and, 55 to deprive freedom, 218 Law of Association, 73 Law of Gravity, 270 Law of Love and Law of Violence, 231 Law of Society, 73 Lawmakers, 152 Leadership, 94, 121, 210, 235 Left Wing, concept of freedom, 61 Leftists, French, 38 Legal plunder, attitude toward, 247 Legal thievery, 257 Legislators, beneVOlent, 217 Legislature, power of, 88 Lenin, Nikolai intentions of, 203 on capitalism, 194 on political freedom, 59 on socialism, 64 religion and, 276 Lewis, John L., 15 Liberalism characteristic of, 53 decayof,57 individual freedom, 51 meaning of, 52, 54 philosophy of, 51 principle of, 52 test of, 56 traditional, 51, 61 variations, 50 Liberty actual versus legal, 58 buying power and, 121 communist view of, 58 dangers to, 92 decay of, 58 definition of, 21, 60, 82, 214 doctrine of, 70, 76, 81 economic serfdom, 58 Liberty (Contd.) enemies of, 88, 218 fear of, 152 freedom and, see Freedom history of, 57 key to survival, 213, 227 loss of, 92, 220 personal, 38, 45, 57, 60, 95, 261 price of, 222, 227 related to cost of planned economy, 135 surrendered, 125 under totalitarianism, 82 Lies, 231, 236, 240, 252 Lincoln, Abraham, 48 Locke, John, 52, 55 Lockian principle, 57 Lowest common denominator, 223, 238, 249, 251 M Machiavelli, Niccola, 273 Madison, James, 88 Majority decisions, 244, 248 Majority rule, 113, 221 Majority versus minority, 242 Man actions of, 121, 235, 239, 244, 251 faith in, 213 fed by government, 94 freedom of, 76 in defense of liberty, 93 rights of, 35, 117 soul of, 51 struggle of, 52 Man Versus the State, 121 Management, private versus public, 15 Marat, Jean Paul, 40 Market economy, 79, 82, 84, 116, 119 Market place area of compromise, 255 competition in, 85 preserving, 84 prices and, 139 technique, 73 verdict in, III Marshall Plan aid, 119 Man, Karl, 96, 99,205,276 Masterminds, 217 Meat famine, 189 Military threat, danger of, 218 Mill, John Stuart, 53 Minding one's business, 65 Minority groups, 142, 242 [303 ] Mississippi Constitution, 198 Mob, considered, 234 Molotov, Viacheslav Mikhailovich, 59, 61 Monetary and fiscal policy, 129, 211 Money counterfeit, 118 factory, 176 government and, 116 hoarded, 115 inflated, 119 security and, 119, 126 spent by planners, 211 Monopoly, 14, 96, 101, 111, 195 Monthly Economic Lettef' (Oct. 1, 1949), 144 Moral code, 265, 281 Moral principle, 210, 236, 241, 255, 251,264,212,290 "Mortimer Snerd" trade, 232 Mosley, Oswald, 61 Multipurposed association, 249 N National Constituent Assembly 38 National defense, 112 ' Nationalization of industry, 139 Natural Law, 215, 266, 273 Natural resources, 18 Nature law of, 215 submission to, 16 Navy, 218 Negroes, American, 200 Neo-liberalism, 51, 55, 57, 61 New Hampshif'e MOf'ning Union, 9 New Testament, 164 New York State College of Agricul ture, 139 New YOf'k Times (Feb. 8, 1950), 197 Newspapers, and immorality, 277 o Oak Ridge, 112 Occident, and freedom, 82 Office of Price Administration 19 Officials, judgment of, 56 120 On Liberly, 53 ' On the Origin of Species, 213 One Worldism, 74 Output, and security, 119 Ownership, government, 16, 99 100, Ill, 115, 217 ' p Pacific Northwest, 101, 211 Parables, 161, 235 Parisian predicament, 146 Parliament and Crown, English, 52 Paternalistic state, 92, 94

Patriotism, 54, 113 Paul and Peter, property of, 24 Peace, law of, 23, 73 Peasantry, 41 People's government, centralized, 45 Perfection, search for, 251 Peron, Juan D., 60 Personal responsibility, see Responsi bility, personal Philosophy Christian, 162 egalitarian society, 51 freedom and responsibility, 29 German idealistic, 58 individual freedom, 51 liberalism and neo-liberalism 51 of free society, 55, 51 ' of government, 53 of John Locke, 52 of Juan Peron, 61 Pilgrim Fathers, 9 Pizarro, Francisco, 290 Planning costs of, 135 dilemma, 140 economic, 81, 95, 121, 134, 202, 217 for freedom, 84 government, 36, 83, 117, 133 Plunder, 92, 167, 241 Plymouth Bay Colony, 9 Police state, 43, 61, 244 Political authority corruption and, 286 economy and, 71 freedom and, 58 parties~ 201 system, in United States, 142 244 Politics, power of, 73, 118 ' Polonius, 260 Popular Front, and rents, 153 Postulates, 265 Potato business, 136, 140 Pound, Roscoe, 56 Power centralization of, 61 coercive, 57 [ 304] Power (Contd.) corrupts, 210 distributed, 204 division of, 91, 95 governmental, 16,40,45,207 political, 211 politics of, 75 separation of, 40, 88, 91, 95 transfer of, 166 Pressure groups, 16, 143 Price supports competition of farmers, 141 consequences of, 137 effect of, 128 summarized, 142 Prices consumer preference and, 130 control of, 128, 143, 188, 192, 194, 241 dangers of, 137 effects of, 128, 192 fixing, 155, 191, 229 free, 189 government controlled, 183 identity, 157 inflation and, 186 mechanism of, 120, 130 monopolistic, 90, 92 principles of, 190 results of, 137 retail, Parisian, 154 thermometer, 187 trading and, 191 wheat, 132 Prince, The, 273 Private enterprise projects, 105 regained, 9 Private ownership, 105, 108 Private property, 274 Producer consumer and, 120, 130, 143, 193 food control and, 229 right of choice denied, 217 surplus and, 137 Production by individuals, 218 centralization of, 96 consumption and, 120, 130, 143, 193 control of, 16 destroyed by government, 222 economic purpose of, 130 freedom and, 277 in England, 15 Production (Contd.) price supports and, 142 problem of, 140 via socialism, 17 Profiteering, 158 Progress competition and, 142 how to destroy, 222 Proletariat, 96 Property confiscated, 96 moral right to, 274 of Paul and Peter, 24 see also, Housing Prophets, Hebrew, 161 Prosperity, 110, 173 Pseudo-socialism, 12 Publications, and immorality, 278 R Racketeering, 55, 90 Rations, 119, 192 Reactionaries, 38, 93 Reforms, 68,91 Relief state, 201, 208 Religion Judeo-Christian, 160 of Marx and Lenin, 276 see also, Biblical references Renaissance, 258 Rent control budget and, 146 opinions of, 237 Parisian wage earner and, 147 signal to, 136 Republic, American, 35, 90, 204, 220 Research, American, 47 Responsibilities Christianity and, 160 delegated, 246 economic and social, 91 exercised, 249 of freedom, 29 personal, 23, 32, 45, 118, 121, 161.

163, 198, 200, 209 Revolution American, 52, 203 French, 38, 54, 60 Glorious (1688), 52 of 1776, 90 Reward for charity, 170, 198 Rightists, French, 38 Rights equal,30 [305 ] Rights (Contd.) of man, 35 personal, 28, 91, 117 to property, 274 see also, Freedom and Liberty Road to Serfdom, 286 Roanoke Rapids, 10.2 Robespierre, Maximilien, 40, 45 Robin Hood, 62 Robots, 92, 117, 213 Roman Empire, 205, .290 Rostand, Edmond, 261 Rule of Law, 56 Rulers, political, 56, 211 Rushdoony, Rousas J., 222 Russell, Dean, 223 Russia advocates of common ownership, 106 army of, 218 economic philosophy and, 94, 114 socialized, 16 welfare state and, 202, 206 Ruth, Babe, 197 s St. Louis Globe DemoCf'at, 60 St. Peter, 235 Scientists, British,. German, and Rus sian, 48 Security compulsory, 201 government, and Indians, 200, 223 government-guaranteed, 31, 119, 159 individual, 227 lack of, 95 meaning of, 119 privileges of, 200 Self-interest, 79 Separation of powers, see Power, separation of Serfdom, 58, 198 Sermon on the Mount, 284 Shakespeare, William, 260 Slavery, 198, 221 Smith, Adam, 53 Social justice, 220 Social quacks, 68 Social security, 92, 94, 206 Socialism argument against, 20, 123 British experiment in, 15, 48, 95, 118, 120, 123 Socialism (Contd. ) communism and, 18, 115 danger of, 17 defined,99 disease of, 117 doctrines of, 12, 83, 99 lesson in, 115 mania for, 9 past experiments in, 205 prerequisites for, 98 price control and, 130 production and, 17, 20 proposal of, 13 through taxation, 64 Societal system, 78 Society care of, 70 defined, 73 duty to, 66 evils in, 23 lacking variations, 217 served by individual, 78, 123 tolerant, 95 Spanish Empire, 290 Spanish Inquisition, 50 Special privileges abolished, 227 for minority groups, 142 labor unions, 55 Species, origin and survival of, 213 Spencer, Herbert, 121 Spoliation, attitude toward, 247 Stalin, Joseph, 42, 93, 203 Standard of living, 126, 185 State agents of, 143 as higher force, 57, 74 assumes responsibility, 202 authority of, 61 capitalism, 98 characteristic of, 74 coercive power, 51, 56 dependence on, 102 distrust of, 91 guaranteed security, 205 housing and, 206 human, 70 intervention, 60 not moral, 170 ownership, 206 trade and, 119 wards of, 93, 198,223 Statute of Artificers, 54 Stealing, 9, 269, 274, 277, 280 Study of History, 232, 254 [ 306] Subsidies abolished, 226 controls and, 138 fann,95 government, 20, 36, 120, 144 aousing and, 155 of electricity, 100, 217 Subterfuge, new, 83 Supply demand and, 125, 128, 189, 192 effect of government money on, 178 Supreme COlJrt, 57, 139, 145 Surplus control of, 137 production, 141 Surrender, penalty of, 253 Survival of the species, 213 Syndicates, 60 T Taft-Hartley Law, 55 Tariffs, aid to business, 143 Tax privileges, abolished, 227 Taxation government and, 24, 63, 138, 185 indirect, 181 inflation and, 179 of nobility and clergymen, 54 prosperity and, 110 Tennessee, subsidy of electricity, 100, 217 Tennessee Valley Authority, 101, 103, 105, 109 Tolstoy, Leo, 231 Totalitarianism advocates of, 51, 81, 93 definitions of, 59, 82 opposition to, 59 slogan of, 84 Tourists, American, 118 Toynbee, Arnold, 232, 254 Trading, 119, 191 Transportation, centralization of, 97 Travel, 117, 118 Treatises on Government, 55 Trueblood, D. Elton, 274 Truth, 232, 237, 243, 248, 252, 257 Tyranny, 41 U Understanding, requirements of, 258 Unemployment benefits, 95 Union of Family Associations, 146 Union of Soviet Socialist Republics, 99 Unions, 61 United Nations, 59 Utopia, 13 V Vacanc~s, lack of, 146 Variatien lawof,216 of judgment, 263 Victorian Reign, 118, 121 Virginia Electric and Power Co., 101 Voluntary associations, 239, 244, 146, 250 Voluntary economy, 74, 130, 164, 217, 226 Voting, 95, 114, 221 w Wages control of, 241 housing and, 151 increased, 184 War for American independence, 52, 112 French Revolution, 38, 54, 60 result of, 88, 262 Wards of the state, 93, 198, 223 Wealth and power, 14, 58, 92 \Velfare state bondage of, 199, 206 concept of, 288 government in, 24

justification for, 59 liberties sacrificed, 51, 57 misnamed, 222 results of, 167 return to, 124 test of, 264 Wheat factors influencing, 132 farms, Canadian, 142, 145 Williams, Ted, 197 Wilson, Woodrow, 61 Wisconsin Valley Improvement Co., 105 Wisdom power and, 211 quantitative theory of, 240 use of, 243, 250 Women, freedom of, 47 Workingmen discrimination against, 54 freedom of choice and, 61 social security and, 94 [ 307]

The Freeman 1952, Vol I

Read the whole book online · Book details

Free to read online and to download from this archive.