May

......... p. 302 Y' Randall Burchett's thesis is that few of us could hope to find "the way" without signs from those who have gone before p. 314 ,,- From John Chamberlain's glowing review of the Bahamas Handbook, one may guess that he's recently been, or is about to go, to the islands .. p. 317 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

MAY 1967 LEONARD E. READ PAUL L. POIROT Vol. 17, NO.5 P1'esident, Foundation for Economic Education 111anag'ingEdUor 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, 1967, 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; 10 for $2.50; 25 or more, 20 cents each.

Any current article will be supplied in reprint form upon sufficient de mand to cover printing costs. Permission is hereby granted to reprint any article from this issue, providing customary credit is given, except IIA Promise to Inflate" and IIEconomic Development of Emerging Nations." Microfilm copies of current as well as back issues of The Freeman may be purchased from Xerox University Microfilms, 300 N. Zeeb Road, Ann Arbor, Michigan 48106, PLANNERS the world over are pointing to the current and pend ing population explosion and the dire consequences which will arise therefrom. The stories are truly frightening. It is usually contend ed that population, especially in the developing countries, will far outrun the production of food, and mass starvation will result unless something is done about it. The "something" which must be done ranges all the way from sharing our agricultural surpluses, trac tors, livestock, and hybrid seed to the use of the "pill" to cut birth rates. Is it any wonder that indi viduals, if they view all this as a collective problem, feel helpless and frustrated in looking ahead into the next century?