November

Inflation Man's Priceless Heritage . Who Fixes Wages? . For the Birds? The New Liberalism "Under Public Ownership, We, the People, Own It!" . Social Security Re-examined . Books: On and Off the Reservation Other Books . John Chamberlain 60 63 Send lor this UNIQUE fREE BOOKLET "SAVINGS: The Greatest Economic Charity" When we think of charity, we usually think of helping someone and receiving only the satisfaction of having helped someone in need. Yet this is only one form of charity. There's another. You can read all about this interesting concept in an unusual new booklet by the well-known economist F. A. Harper, entitled ··Savings, The Greatest Economic Charity." For your free copy, without obliga tion, come in or mail the coupon below. CR6Af'Es1' ';CONO""C CIIARf1" . State _ "If It's SafetyYou Want Most-First Compare Then Save At Coast" Planned rate for 2nd half 1965 is 4.85 % per year, compounded DAILY,paid semi-annually.

Savings held 1 year at this rate earn 4.970/0. MAIN OFFICE: 9th & Hill, Los Angeles, Calif. 90014 • Tel.: 623-1351 I ITO: Coast Federal Savings and Loan Association, Dept. F, 9th & Hill, L.A., Calif. 900J ] Please send me a free copy of Name(s) ··Savings, The Greatest Economic (please print) Charity." I would like to open a savings ac count. Enclosed is my check (or money order) for $- . Address, _ o Individual Account o Joint Account City .111" Civil disobedience may be antici pated, suggests a minister, when the government itself becomes an instrument of plunder p. 3 111" Dr. Carson traces the steps by which the democratic "elite" have ap pealed to mass emotion to implement Utopia p. 6 ,111" And Dr. Howard Kershner describes the problem as "Legalized Coveting" ........ p. 21 111" Tom Rose, being from Missouri, will have to be shown otherwise if he is not to reject inflation on every count p. 23 111" A California housewife discovers that the key to liberty is in her hands ........ p. 28 Y' The whys and wherefores of wage determination are analyzed by Professor Sennholz p. 30 111" Dr. Curtiss handles FEE's College Business Fellowship Program and ex plains its value to all involved ....p. 37 111" The modern emphasis on "liberal ism" calls for reviewi ng Herbert Spencer's classic distinction between the old and the new versions ....p. 42 ,111" The difficulty is that no one as sumes responsibilty for what. is "publicly" owned p. 50 111" Each revision of the Social Security Act means further departure from the basic principles upon which personal security depends p. 53 ,Y' The twelfth in FEE's series of bound volumes of Essays on Liberty is the subject of John Chamberlain's review p. 60 111" And Robert Thornton commends The Nature of the American System by Rushdoony . p. 63 Anyone wishing to communicate with authors may send first·c1ass mail in care of THE FREEMAN for forwarding.

NOVEMBER 1965 LEONARD E. READ PAUL L. POIROT Vol. 15, No. 11 Pres·ident, Foundation for Economic Education illanag'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 goYernment, 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: Singlecopy/-so-centsj 3 for $1.00j 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 liThe Flight from Reality," and "legalized Coveting." Any current article will be supplied in reprint form if there are enough inquiries to justify the cost of the printing.