March

Books: I'll Respect Your Life The Failure of International Commodity Agreements. Winner Take All . The Flight from Reality 6. An American Dream liThe Great Society" Other Books .

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 lit' Are we expecting to reap the bless ings of freedom without understand ing the necessary procedures to earn them? p. 3 lit' When Henry Hazlitt digs at The Foundations of Morality, the result seems worthy of more than one review p. 9 lit' A world renowned student of agri cUltural affairs relates the failures of International Commodity Agreements to the disastrous domestic attempts at political management of farmers ................p. 12 ,II'" When the principles of limited gov ernment are forgotten or ignored, then majority rule quickly degenerates into a desperate game of "winner take all." p. 22 lit' From a slightly different angle, John Sparks views the same problem of departure from principle and cau tions the reader to abide by the nature of things p. 30 lit' Our mass myopia, according to Leonard Read, may have reached the sad state where a cure is to be found only as we develop new eyes - new insight and understanding of freedom ................p.34 IIfI# Dr. Carson, in this chapter, shows how The Flight from Reality reached our shores and was converted into an American dream of utopia ........p. 40 II'" To those who deplore the vanishing frontier, Professor Coleson proposes that freedom alone is a frontier worth exploring p. 54 II'" John Chamberlain examines The Great Society as projected by Graham Wallas in 1914 p. 59 II'" Robert Thornton is fascinated by The Mind and Art of Albert Jay Nock, in the new book by Robert M.

Crunden p. 63 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

MARCH 1965 LEONARD E. READ PAUL L. POIROT Vol. 15, No.3 President, Foundation for Economic Education Managing 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 "The Flight from Reality" and "A Moral Code for Rational Man." Any current article will be supplied in reprint form if there are enough inquiries to justify the cost of the printing.