May

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 ~ The popular demand for money, so widely used as the political excuse for inflation, is carefully examined by a competent economic analyst. .. p. 3 ~ Stanley Yankus explains how he's going about promoting the ideas of liberty in Australia, and invites sug gestions for a better way. .. ...p. 14 ~ Observing the Japanese backing away from paternalistic practices in the labor movement, Pat Vincent wonders when the trend may change in America ....... p. 17 ~ To grease the skids for The Flight from Reality, it was necessary to de activate history, explains Dr. Carson .... p. 20 ~ Unless there is a will to be free, says this student of political science, constitutional forms cannot save us ....... p. 34 ~ Some interesting thoughts by a professional journalist on a shopping tour of a supermarket.. .. ....... p. 36 ~ Are we aggravating or relieving the problems of the poor when we offer them something for nothing? ....p. 40 ~ If socialism is carried far enough in practice, speculates William Henry Chamberlin, the victims will find it necessary to rediscover some of the facts of life learned by the first cave men ... ...p. 42 ", Have you ever looked on a library shelf for a can of beans and the story it tells? ..... p. 51 ", A mother explains to her lad the other side of the coi n of freedom ...... p. 52 ", Dr. Sennholz reads between the lines of various TVA reports for a story unlike the one intended ...p. 56 ", John Chamberlain agrees with much Paul Goodman has to say about Compulsory Mis-Education, but has some doubts about the proposed remedy p. 60 ", A Theological Interpretation of American History by C. Gregg Singer merits a word of approval by reviewer Thornton ....p. 63 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

MAY 1965 LEONARD E. READ PAUL L. POIROT Vol. 15, No.5 President, Foundation for Economic Education l11anaging 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." Any current article will be supplied in reprint form if there are enough inquiries to justify the cost of the printing.