Freeman

May 1969

Volume 19, 1969

FEATURES

Speakman 100

MAY 01, 1969 by DEAN RUSSELL

How the enlightened pursuit of self-interest promotes human progress.

Urban Renewal and the Doctrine of Sunk Costs

MAY 01, 1969 by GARY NORTH

An important lesson in economics concerning when to abandon a lost cause.

One-Sided Capital-Gains Tax

MAY 01, 1969 by HENRY HAZLITT

Inflation gives the illusion of capital gains; the tax is real.

Education in America: 8. The Multiversity

MAY 01, 1969 by GEORGE CHARLES ROCHE III

The problems of size when education is bent to serve the collective.

Activist Judges and the Rule of Law

MAY 01, 1969 by EDWARD CUMMERFORD

"Government of laws and not of men" threatened by judicial activism.

The Out-of-Bounds Dilemma

MAY 01, 1969 by LEONARD E. READ

How is the citizenry to keep the policing agency itself within bounds?

The Failing Dynamo

MAY 01, 1969 by WILLIAM HENRY CHAMBERLAIN

West German and British experiences Americans could well heed.

Spend Now, Pay Later!

MAY 01, 1969 by PAUL L. POIROT

Tricks with money let us think we can consume more than we produce.

The Rise and Fall of England: 15. Socialism in Power

MAY 01, 1969 by CLARENCE B. CARSON

Regulations and controls under Labor government following World War II.

Progress

MAY 01, 1969 by IPA FACTS

Each individual is responsible for his own development.

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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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