April

Sinking in a Sea of Buts Leonard E. Read 221 As long as we advocate government aid for our own special project, we'll find no solid ground on which to stand for freedom. Bigness in Business Sheldon Wasserman 224 How government intervention induces and aggravates the merger movement in industry. Inflation An engineer's view of how inflation is engineered by government. John A. Clark 233 The Age of Authoritarianism Robert K. Newell 237 The political process lacks the power to regulate its excesses; the cure rests with individuals. Bet Your Life? Paul L. Poirot 241 If we count on the tax collector for our security, we'd better believe that socialism works! Christian Charity vs. GovernmentWelfare Thomas L. Johnson 242 The non-Christian may object to government welfare on other grounds; the Christian, as a matter of faith. Book Reviews: 245 "John Adams" by Anne Husted Burleigh "Man vs. the Welfare State" by Henry Hazlitt "Design With Nature" by Ian L. McHarg "The Police: Damned if They Do, Damned if They Don't" by Herbert T. Klein 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 linlited 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, 1970, 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 co~ts. Permission is hereby granted to reprint any article from this issue, providing customary credit is given, except ·'Welfarism and Its Consequences" and "The Role of Students in the Governance of law Schools."