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The Freeman December 1954

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The Freeman December 1954 DE <: E l\'IIlE n 1954 50¢ The Vigilantes of Beverly Hills Morrie Rvskind .J Progressive Ed.ucation Undermined China Dr. Kao Ch,it~n Jefferson Revisits America Thaddeus Ashby Why Don't You Make Savings Safe by returning to the GOLD COIN STANDARD? IRREDEEMABLE currency - despite warnings from For twenty years the previous administration wise economists - was established by the govern­ held this power away from the people. During that ment in 1933. Since then the thrifty have been period the value of the dollar has been driven down robbed of up to 60% of the value of their savings and down by incredible government policies financed ... bank deposits, insurance, annuities, pensions, by a flood of fiat currency. government bonds, and social security. In strong contrast to the dollar's descending value The Federal administration, elected November has been the increasing productivity fostered by 1952, promised sensible economics and sound money. American industry. As an example, Kennametal­ The best way to fulfill these promises is by enact­ as a tool material, has tripled the output potential ment of the Gold Coin Standard.* The best time to of the metal-working industries, and has sped ex­ do it is now. traction of coal and other essential minerals. The public must again be given control over the But-increased industrial productivity could not government's purse strings ... must be able to ex­ alone make up for the dollar's deficiency. Prices press lack of confidence in government policy, if have skyrocketed ... pensioners are becoming pau­ necessary, by redeeming their currency for gold pers ... money in the bank is almost meaningless. coin. The Republican Party has stated its aim to be ... a dollar on a fully convertible gold basis. \iVhy wait? Excerpt from Republican If it's a good idea later-it's a wonderful idea today HMonetary Policyll Plank -for it will prevent further damaging consequences of an irredeemable money system. The return of sound. money - in addition to se­ curing the value of personal savings - will guaran­ tee stability of commercial assets - which will en­ courage American industry, of which Kennametal Inc. is a key enterprise-to create better things, for more people, at less real cost. We must resume without devaluation or delay. *The right to redeem currency for gold will help keep America free ... ask your Senators and Congressman to work and vote to restore the Gold Coin Standard. Write to The Gold Standard league, latrobe, Po., for further information. The league is an association of patriotic citizens joined in the common cause of restoring a sound monetory system. 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For permanence, UI I cost less in maintenance. treated wood makes hcmes last years onger, SERVING INDUSTRY... WHICH SERVES MANKIND THB A Monthly Pros, Semi-Pros, Amateurs For Take the case of ROBERT R. LENT. As far as I know, he never published an article in his life. reeman Libertarians In the course of a conversation he told me about his ex.periences in the Air Force with Editor FRANK CHODOROV scientific personnel. "Can you write?" I asked. Business Manager JAMES M. ROGERS "No." "Good. Just write out what you have been saying and send your script to me." He's a full-fledged amateur, but he knew ahout some­ thing-which is the first requirement of a writer-and that something was wor,th telling. Contents VOL. 5, N'O. 6 D,ECEIMBER 1954 I like amateurs. If they work at it, they become professionals, and the cause of liber­ tarianism is badly in need of professional writers. Like, for instance, MORRIE RYSKIND, the Editorials author of Of Thee I Sing and other plays and From Christmas to Christmas 205 movies. In his metier, satire, he's tops, having got there by dint of hard work, even though he The Sovereign Incompetent 0 •••••••• 0 • 0 '0 0 o. 206 may have acquired a penchant for satire by Political Smog 0 ••• 0 •• 0 ••••• 0 0 0 • 0 • •• 206 way of the um,bilical cord. When you get a Politics Versus Economics 0 •••••• 000 •••••••• 0 •••• 0'0 207 piece from him, or any professional, you have A Prediction 0 0 •• 0 0 •• 0 • 0 •••••••••• 0 •• 0 ••••••• 0 ••• 0 • 20-7 little editing to do; he knows what you want and don't want, and writes accordingly. The emergence of the professional from the Articles amateur ranks is largely, I think, a matter of learning what to leave out. The beginner is The Vigilant'es of Beverly Hills ... 0 0 0 MORRIE RYSKIND 210 inclined to throw into his piece everything he For Whom the N.e.C. Speaks. 0 0 .REV. EDMUND A. OPITZ 213 knows, to the disadvantage of the point he is Progressive Education Undermined China making and to the distraction of the reader. DR. KAO CHIEN 216 THADDEUS ASHBY told me a few weeks ago that he hasn't as yet mastered the art of omission, The Soviet Psychosis 0 0 JEROME LANDFIELD 219 but he is coming along fast. I expect great A Note on the Oppenheimer Case . 0 •••• ROBERTR. LENT 221 things from him, because he has imagination Prosperity by Procreation o. 0 ••••••••• F. A. HARPER 223 and industry. At present he is on the staff of Jefferson Revisits America .. 0 ••• 0 0 •• THADDEUS ASHBY 226 Faith and Freedom. I don't know anybody who has as thorough an understanding of libertarianism as my friend Books F. A. HARPER. In fact, he knows too much. When he has finally rid himself of the academic A Reviewer's Notebook JOHN CHAMBERLAIN 230 curse, he will take his place high among the Preface to a New Politics REV. EDMUND A. OPITZ 232 professionals. Civilized Conversation WILLIAM S. SCHLAMM 233 MacArthur: New American Saga DR. KAO CHIEN was a professor at Canton University and editor of the magazine Wen­ Glorious Decade 0 0 0 0 0 0 00. IRENE CORBALLY KUHN 234 Tsao when "progressive" education infiltrated Living History 0 •••••••••••• BONNER FELLERS 235 the Chinese culture and rendered it vulnerable D~layed Our H-Bomb 0 WILLIAM HENRY CHAMBERLIN 236 to communism. Student in Red China 0 0 • 0 0 ••• 0 0 0 • GERALDINE FITCH 236 JEROME LANDFIELD, retired engineer and Africa: Two Views of Its Problems 0 MAX YERGAN 237 editor, spent many years in Russia (for a while Well Worth Reading .. 0 •• 0 0 0 0 •• 0 • • • • • • • • • •• ••••••• 238 a prisoner of the OGPU), and was instrumental in preventing, up to 1932, American recognition Washington, D. C. FRANK C. HANIGHEN 208 of the Soviet Union. Our reviewers of the two books on General Readers Also Write 0 • • • • •• 202 MacArthur are particularly qualified for this assignme'nt. IRENE CORBALLYKUHN, who knows the Far East well, collaborated with Father THE FREE:M4.N is published monthly. Publication Office, Orange, Conn. Editorial and Raymond de Jaegher on The Enemy Within. General Offices, Irvington-on-Hudson, N.Y. Copyrighted in the United States, 1954, BRIG. GEN. BONNER FELLERS served on General by The Irvington Press, Inc. Leonard E. Read, President; Fred Rogers Fairchild, Vice President; Claude Robinson, Secretary; Lawrence Fertig, Treasurer; Henry Hazlitt MacArthur's staff for six years. and Leo Wolman. Entered as second class matter at the Post Office at Orange, Conn. Rates: Fifty cents the copy; five dollars a year in the United States; nine dollars for two years. , The FREEMAN is devoted to the promul­ The editors cannot be responsible for unsolicited manuscripts unless return postage or better, a stamped, self-addressed envelope is enclosed. Manuscripts must be typed gation of the libertarian philosophy: the double-spaced. free market place, limited government and Articles signed with a name, pseudonym or initials do not necessarily represent the opinion of the editors. the dignity of the individual. Printed in U.S.A. by Wilson H. Lee Co., Orange, Conn. Keeping America on the GO.. .with ITIMKEN®\ Tapered Roller Bearings What makes him twice the farmer his grandfather was? HE farmer of fifty years How can these machines do we make their dimensions and Tago spared neither his horses so much so easily? surfaces microscopically cor­ nor himself. Yet, compared to One reason is the Timken® rect. And we make the steel our­ the farmer of 1954, he had tapered roller bearings on selves to further insure quality amazingly little to show for it which the wheels and shafts every step of the way. No other after a full day's work. turn. They roll the load to save U. S. bearing maker does. Today's farmer plows 5 times power from beinglostto friction. I t all helps keep those farm faster than the old-timers. He They reduce wear. They save machines on the go.
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