April

Choice or Chains Ridgway K. Foley, Jr. 199 Men free to choose among alternatives may dwell in harmony, not in chains. On Misery and Rule Stanley C. McDonald 205 To relieve the individual of suffering is to deny him an important guide to choice and action. The Puritan Experimentin Common Ownership Gary North 209 The important discovery that social peace is best achieved through private ownership of the means of production. Best Housing Hope Bernard H. Siegan 221 An unrestricted private market affords tlhe best chance for better housing for the less affluent. The Sanctifyingof Plunder Leonard E. Read 224 Let the law defend the rightful owner of plrOpertyrather than the thief. The Motive force of Society The role of man in a harmonious universe. Frederic Bastiat 228 Is InflationHere to Stay? Morris J. Markovitz 238 An inquiry into the monetary policies which cause inflation, and prospects for a cure.

Th-e Necessityof Government Coercion has a place in social life, but it must be kept in place. Book Reviews: "Toward a New World Monetary System" edited by G. Carl Wiegand "The People Factor: Managing the Human Climate" by Philip Lesly "Psycho Chemical W~rfare: The Chinese Communist . Drug Offensive Against the West" by A. H. Stanton Candlln David Kelley 243 249 Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

tile Freeman A MONTHLY JOURNAL OF IDEAS ON LIBERTY IRVINGTON-ON-HUDSON, N. Y. 1053·3 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,OOO-as the means of maintaining and extending the Foundation's work. Copyright, 1974, 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 eac~.

THE FREEMAN is available on microfilm from Xerox University Microfilms, Ann Arbor, Michigan 48106. Some articles available as reprints at cost; state quantity desired. Per mission granted to reprint any article from this issue, with appropriate credit, except IlBest Housing Hope," and liThe Necessity of Govern ment."