May

Eminent Domain and The Rule of Law Dennis Bechara 273 A record of the taking of private property by government. Some Evils of Inflation Hans F. Sennholz 283 How fiat money inflation hurts domestically and internationally. Industrial Policy Bill Anderson 293 Political and economic reasons why central planning must fail. Capitalism and Socialism John L. Chapman 304 A brief appraisal of the voluntary versus the coercive way. Book Review: 318 "A Pattern for Failure: Socialist Economies in Crisis" by Sven Rydenfelt Anyone wishing to communicate with authors may send first-class mail in care of THE FREEMAN for forwarding.

IFreeman AMONTHLYJOURNAL 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.