September

Wages, Unemploymenta~d Inflation lUdwig von Mises 529 The wage earner, like every other citizen, is firmly interested in the preservation of the dollar's purchasing power. The School of Mankind The power of example in teaching and learning. leona.rd E. Read 537 The Government'sEnergy Crisis Eugene Guccione 541 What government has done to cause the energy crisis and why we'd best look to the market for a cure. The Tollwayto Nowhere Robert C. Moore 550 How regulations and controls have created and are prolonging the energy crisis. land Use RegulationHarms the Poor Bernard H. Siegan 557 Those who aim to help the poor by restricting growth create problems. Blue Eagles and Deja Vu Wa,lter B. Wriston 560 "We are not to expect to be translated from despotism to liberty in a featherbed." ANew Kind of Politician Davi~ A. Williams 567 What would he do for the people? "Absolutely nothing." The Gold Standa,rd and Fra'ctional-ReserveBanking Joe Cobb 569 The problem lies in the law declaring paper to be legal tender.

Book Review: "Gold is Money" edited by Hans F. Sennholz Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding. 573 tlle Freeman A MONTHLY JOURNAL OF IDEAS ON LIBERTY IRVINGTONON-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,OOO-as the means of maintaining and extending the Foundation's work.

Copyright, 1975. 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; lOfor $2.50; 2'5 or more, 20 cents each. 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 "Land Use Regulation Harms the Poor" and "The Gold Standard and Fractional-Reserve Banking."