October

Henry Hazlitt 3 Leonard E. Read 11 F. A. Harper 15 John C. Sparks 26 Edmund A. Opitz 31 Harry L. Smith 41 Clarence B. Carson 44 OCTOBER 1965 Back to Gold? . Knowing that We Know Not . Can Wage and Price Controls Cure Inflation? Impatience Undermines Freedom . The Liberating Arts . Gulliver and the Planners . The Flight from Reality: 13. The "Democratic" Elite . Books: The Independent Sector . Other Books . John Chamberlain 59 62 COAST FEDERALSAVINGS AND LOAN ASSOCIATION Department F, 9th & Hill Sts., Los Angeles, California 90014 5·112A STREET _ CITY STATE _ o Please send me a FREE copy of "What's Inflation?" o I enclose my check (or money order) for $ _ o Please open a Coast Federal Savings accounto Individual o Joint in the name(s) of NAME _ ~ ~ COAST FEDERAL SAVINGS ~} AND LOAN ASSOCIATION .~~ ];I' Perhaps the title should have been "Forward to Gold," as Henry Hazlitt examines the pros and cons of the money question p. 3 '" A further wor~ on behalf of humil ity in the approach to learning ....p. 11 '" The only cure for high prices, ac cording to "Doc" Harper, is for the government to stop printing "money"

........ p. 15 '" Besides humility, the understand ing and practice of freedom calls for more patience than many of us have mustered to date p. 26 "" The Reverend Mr. Opitz explains how a Liberal Arts course can provide education for privacy - and personal growth , p. 31 ];I' In his travels, Gulliver, too, en countered central planning and warned of its consequences ....p. 41 "" Dr. Carson contends in this chap ter that the notion of a "democratic elite" is one of the more serious as pects of The Flight from Reality ........ p.44 V" John Chamberlain shares author Richard Cornuelle's hope for Reclaim ing the American Dream-voluntarily ........ p. 59 1'" Other books reviewed are Mer chants Make History by Ernst Sam haber and University Economics by Armen Alchian and William Allen ........ p.62 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

OCTOHER 1965 LEONARD E. READ PAUL L. POIROT Vol. 15, No. 10 Pres'ident, Foundation for Economic Education Manag1ing 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.