March

Inflation Ludwig von Mises 151 To avoid the ravages of inflation requires withdrawing from government the power to create fiat money. The Rotting Fabric of Trust Donald L. Kemmerer 164 When government debases the currency, fear displaces trust and lowers the level of living. Witch-Hunting for Robber Barons: The Standard Oil Story Lawrence W. Reed 166 A review of the monopoly charges and antitrust action against Standard Oil. The Invisible Hand-1980 William H. Peterson 176 The profit motive is a great civilizer, peacefully and harmoniously promoting human interests and well-being. Justice and Freedom Leslie Snyder 180 "To live honestly, to hurt no one, to give every one his due." Book Reviews: 189 "Reflections on History" by Jacob Burckhardt. Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

FOUNDATION FOR ECONOMIC EDUCATION Irvington-on-Hudson, N.Y. 10533 Tel: (914) 591-7230 Leonard E. Read, President Managing Editor: Paul L. Poirot Production Editor: Beth A. Hoffman Contributing Editors: Robert G. Anderson Bettina Bien Greaves Edmund A. Opitz (Book Reviews) Roger Ream Brian Summers THE FREEMAN is published monthly by the Foundation for Economic Education, Inc., a non political, nonprofit, educational champion of pri vate property, the free market, the profit and ioss system, and limited government. The costs of Foundation projects and services are met through donations. Total expenses aver age $18.00 a year per person on the mailing list. Donations are invited in any amount. THE FREEMAN is available to any interested person in the United States for the asking. For foreign delivery, a donation is required sufficient to cover direct mailing cost of $5.00 a year. Copyright, 1980. The Foundation for Economic Education, Inc. Printed in U.S.A.

Additional copies, postpaid: 3 for $1.00; 10 or more, 25 cents each. THE FREEMAN is available on microfilm from University Microfilms International, 300 North Zeeb Road, Ann Arbor, Mich. 48106. Some articles available as reprints at cost; state quantity desired. Permission granted to reprint any article from this issue, with appropriate credit except "Infla tion" and "Justice and Freedom."