February

The Deficit Connection Ernest G. Ross 104 A deeper look into the causes and consequences of deficit spending. An Ancient Chinese Story Dean Russell 111 Protectionism and make-work schemes impoverish consumers. Trade Barriers Russell Shannon 120 John Stuart Mill explained the harm of intervention. Book Reviews: 123 "The Liberal Crack-Up" by R. Emmett Tyrrell, Jr. "Managing" by Harold Geneen with Alvin Moscow "Your Wealth in God's World" by John Jefferson Davis Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

IFreeman AMONTHLY JOURNAL OF IDEAS ON LIBERTY FOUNDATION FOR ECONOMIC EDUCATION Irvington-an-Hudson, N.Y. 10533 Tel: (914) 591-7230 President: John C. Sparks Managing Editor: Paul L. Poirot Production Editors: Beth A. Hoffman Amy S. Vanlaar Contributing Editors: Robert G. Anderson Howard Baetjer Jr. Bettina Bien Greaves Charles H. Hamilton Edmund A. Opitz (Book Reviews) Brian Summers THE FREEMAN is published monthly by the Foundation for Economic Education, Inc., a nonpolitical, nonprofit, educational champion of private property, the free market, the profit and loss system, and limited government. The costs of Foundation projects and services are met through donations. Total expenses average $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 $10.00 a year.

Copyright, 1985. The Foundation for Economic Education, Inc. Printed in U.S.A. Additional copies, postpaid: single copy $1.00; 10 or more, 50 cents each. THE FREEMAN is available on microfilm from University Microfilms International, 300 North Zeeb Road, Ann Arbor, Mich. 48106. Reprints are available of "A Page on Freedom," small quantities, no charge; 100 or more, 5 cents each. Permission is granted to reprint any article in this issue, with appropriate credit, except "The Demand for Labor," and "An Ancient Chinese Story."