February

The Case for Economic Freedom Benjamin A. Rogge 85 Not the mixed, but the unmixed laissez faire economy, was Ben Rogge's ideal. In Defense of Millionaires William H. Peterson 94 A kind word for a much-maligned minority group. The Impossible Task of the Fed Ernie Ross 97 The Federal Reserve is faced with trying to serve conflicting objectives. The Impact of Unionism Clarence B. Carson 103 Tracing the economic consequences of the socialist theory implicit in union practices., Freedom of Conscience Truth needs no coercive support. Thomas Jefferson 116 The Economics and Politics of Discrimination George C. Leef 118 Not capitalism but political intervention prolongs racial discrimination. Book Reviews: 124 "Wealth and Poverty" by George Gilder "Black America and Organized Labor" by Walter Williams et al. Anyonewishingto communicatewith authorsmay send first-classmail in care of THE: FREEMANfor forwarding FOUNDATION FOR ECONOMIC EDUCATION Irvington-an-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, 1981. 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 "Understanding 'Austrian' Econom ics" and "The Impact of Unionism."