April

William Henry Chamberlin 3 Frederic Bastiat 10 Glenn L. Pearson 18 Melvin D. Barger 27 Leonard E. Read 30 Paul L. Poirot 32 Dean Russell 35 John Maynard Keynes 36 Clarence B. Carson 40 Rebecca West 55 Mallory Cross 56 APRIL 1965 The Wisdom of Bastiat . The State . Religion and liThe Law" . The Freedom of Maturity . No Special Privilege·for Anyone . IIFocus on Consumer Needs ll • Freedom of the Press . Inflation The Flight from Reality: 7. The Pragmatic Sanction of Flux. Gerda/s Empire . Self-Discipline: Free Choice: Responsibility . Books: "Contracting Out ll of Socialism . Other Books . John Chamberlain 60 63 aUJ5'.N.INGAp"AN'''IIP~IOI COAST FEDERAL SAVERS FINANCIAL STRENGTH - Assets over half a billion dollars. Strong reserves and high ratio of cash and government bonds to assure with drawal of savings immediately on request. HIGHER EARNINGS - Earnings for 1964 paid at 4.9% per year.

MAIN OFFICE 9th & Hill, Los Angeles SAVE·BY·MAIL-We pay postage. MEMBER: Federal Savings and Loan Insurance Corp. Federal Home Loan Bank. IF IT'S SAFETY YOU WANT MOSTOPEN YOUR SAVINGS ACCOUNT AT COAST "A Businessman Looks at Communism Vs. Capitalism" For your courtesy copy of President Joe Crail's speech, write to: Coast Federal Savings Post Office Box 5150A Los Angeles 55, California This might be called the Dastiat special edition of THE FREEMAN: .v' First, there is William Henry Chamberlin's review of new translations of three of Bastiat's major works p. 3 v' Chamberlin called special attention to an essay on "The State," so it seemed appropriate to carry the full text p. 10 l1li' Finally, there is a report of student reactions to Bastiat's The Law, which a professor had assigned as a special class project... .. p. 18 l1li' Melvin Barger explains how free dom comes with the maturity of the individual p. 27 l1li' Ask not what government can do for you, but what you should be free to do for yourself and others of your choice p. 30 ~ Instead of a new governmental bu reau to "focus on consumer needs,"

why not leave it to those who earn their living at it - businessmen? ..... p. 32 ~ Dean Russell throws a new beam of light on the old issue of freedom of the press p. 35 l1li' Believe it or not, John Maynard Keynes once knew precisely why in flation is a disastrous policy ....p. 36 ~ In this chapter of The Flight from Reality, Dr. Carson shows how change came to be worshipped for its own sake p. 40 ~ Rebecca West here captures the essence of the authoritarian complex that rules so many lives p. 55 l1li' Freedom, explains Miss Cross, is the fruit of self-discipline and responsible choice and action p. 56 l1li' John Chamberlain ponders whether the people of Britain, or any nation so submerged in socialism, can find their way out p. 60 l1li' Whittaker Chambers' Cold Friday finds the approval of reviewer Robert Thornton. . p. 63 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

APRil 1965 LEONARD E. READ PAUL L. POIROT Vol. 15, No.4 Pr'esident, Foundation for Economic Education Manag'ing Editor THE FREEMAN is published monthly by the Foundation for Economic Education, Inc., a non political, nonprofit educational champion of private property, the free market, the profit and loss system, and limited government, founded in 1946, with offices at Irvington-on-Hudson, New York. Any interested person may receive its publications for the asking. The costs of Foundation projects and services, in cluding THE FREEMAN, are met through volun tary donations. Total expenses average $12.00 a year per person on the mailing list. Donations are invited in any amount - $5.00 to $10,000 -as the means of maintaining and extending the Foundation's work. Copyright, 1965, The Foundation for Economic Education, Inc. Printed in U.S.A. Additional copies, postpaid, to one address: Single copy, 50 cents; 3 for $1.00; 25 or more, 20 cents each.

Permission is hereby granted to anyone to reprint any article in whole or in part, providing customary credit is given, except "Inflation," "The Flight from Reality," and "Gerda's Empire." Any current article will be supplied in reprint form if there are enough inquiries to justify the cost of the printing.