December

D I enclose my check (or money order) for $ _ D Please open a Coast Federal Savings accountD Individual D Joint in the name(s) of NAME _ STREET ---------CITY I THE FREEMAN DECEMBER 1966 Vol. 16, No. 12 ~ Dr. George Roche may be a new comer to FEE's staff, but he discusses the origins of American Federalism as though he might have sat in the ses sions of the Founding Fathers themselves p. 3 ~ For a knowing commentary on the rising trend of prices generally, and interest rates particularly, see Dr. Hans Sennholz p. 13 }II" Nor can we go far wrong in these perilous times to carefully review once more the classic analysis of Fiat Money Inflation in France by Cornell's first president, Andrew Dickson White ... p. 23 ~ Dr. Peter Bauer, London scholar, offers a provocative analysis of the failures of intergovernmental foreign aid to promote the progress promised p. 25 ~ And a more recent graduate from the London School, now returned to her native India, lends credence to Dr.

Bauer's conclusions p. 35 ~ Professor Yale Brozen looks to the private practice of freedom and charity as a more hopeful path toward the pre tended goals of the welfare state . p.40 ", George Schuyler's autobiographical Black and Conservative seems to fit well into reviewer Chamberlain's way of thinking p. 53 ~ This year's Annual Index is spe cially constructed and expanded to tie the Freeman bound volumes in with the earlier Foundation series of Essays on Liberty, as explained on the inside back cover p. 57 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

DECEMBER 1966 LEONARD E. READ PAUL L. POIROT Vol. 16, No. 12 President, Foundation for Economic Education Manag'ing Edito1' 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. Tel.: (914) 591 7230. Any interested person may receive its publications for the asking. The costs of Foundation projects and services, including THE FREEMAN, are met through voluntary donations. Total expenses average $12.00 a year per person on the mailing list. Donations are in vited in any amount-$5.00 to $10,000-as the means of maintaining and extending the Foundation's work. Copyright, 1966, 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 "Foreign Aid: an Instrument for Progress?" and "Welfare without the Welfare State." Any current article will be supplied in reprint form if there are enough inquiries to justify the cost of the printing.