Freeman

October 1974

Volume 24, 1974

FEATURES

A Theme for the Bicentennial: The Founding Fathers' Fear of Power

OCTOBER 01, 1974 by ALLAN BROWNFIELD

A review of the early warnings about the concentration of political power.

What Does America Owe to the "Third World"?

OCTOBER 01, 1974 by NEERA BADHWAR

A reasonable doubt as to the efficacy of intergovernmental foreign aid.

Why Gold Is Money

OCTOBER 01, 1974 by ROBERT L. GUARNIERI

Traders decide which form of money to trust.

Why Is Liberalism Endemic?

OCTOBER 01, 1974 by CHARLES R. LADOW

Concerning the continued popularity of a social system that is such a failure.

Economic Calculation

OCTOBER 01, 1974 by BRIAN SUMMERS

Socialism cannot function without a means for economic calculation.

Marx, Mises and Socialism

OCTOBER 01, 1974 by DAVID OSTERFELD

Further thoughts concerning the vital role of the market and money for economic calculation.

Regulation Helps the Rich and Harms the Poor

OCTOBER 01, 1974 by BERNARD SIEGAN

A cogent reason why government should be limited.

Dog-Eat-Dog Competition

OCTOBER 01, 1974 by M. NORTHRUP BUECHNER

Market competition is the activity of two or more parties pursuing the same customers' dollars by offering the highest values in exchange.

The High Cost of the Draft

OCTOBER 01, 1974 by DWIGHT R. LEE, ROBERT MCNOWN

The question here concerns who should pay the bill.

Laws Versus Tyranny

OCTOBER 01, 1974 by LEONARD E. READ

Obedience to the moral law brings peace and harmony.

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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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