May

The Out-of-BoundsDilemma Leonard E. Read 284 How is the citizenry to keep the policing agency itself within bounds? The Failing Dynamo William Henry Chamberlin 291 West German and British experiences Americans could well heed. Spend Now, Pay Later! Paul L. Poirot 297 Tricks with money let us think we can consume more than we produce. The Rise and Fall of England: 15. Socialism in Power Clarence B. Carson 300 Regulations and controls under labor government following World War II. Progress Each individual is responsible for his own development. IPA Facts 310 As TocquevilleSaw Us Alexander Winston 311 Not a stultifying sameness, but freedom, should be man's ruling passion. Book Review: 317 "Essentials of Economics" by Faustino Ballve Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

the Freeman A MONTHLY JOURNAL OF IDEAS ON LIBERTY IRVINGTON-ON-HUDSON, N. Y. 10533 TEL.: (914) 591·7230 LEONARD E. READ PAUL L. POIROT President, Foundation for Economic Education Managing Editor THE F R E E MAN 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. 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, 1969, 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 1I0ne-Sided Capital-Gains Tax," "Activist Judges and the Rule of Law," and "The Rise and Fall of England."