Free To Choose: a personal Statement

See also Foreign exchange
rates; Money; Monetary pol-
icy
yen and, 40, 41—43, 44, 47, 48
Drug industry, 189, 203—10
East Germany, 55, 61
Eastman, George, 138
Economic Bill of Rights, 299—301
Economic freedom, 1—7, 64—69,
133, 284. See also Voluntary
exchange
political freedom and, 2—3, 7, 11,
39, 54—55, 64, 67—69, 148—
49, 285, 309
Edison, Thomas Alva, 138
Edsel automobile, 224
Education, 132, 136, 150—88
centralization and bureaucratiza-
tion of, 152, 155—57, 159
60, 188, 233
compulsory attendance laws, 150,
161, 162-63, 175

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330
lndex
Education (cont.)
in early America, 150, 152
elementary and secondary, 151,
152—75
in inner cities, 151, 158, 159—
60, 166, 168, 188
obstacles to voucher plan for,
171—75
problems of, 152—58
voucher plan for, 158—71, 188
government intervention in, 97,
150—88 passim
higher, 152, 175—87
problems and solutions, 175—
87
increased spending and declining
quality of, 127, 151, 156
local control of, 150, 152, 154
55, 157, 158
parochial schools, 153, 158, 159,
163—64, 165, 169
universal, 152—53, 154, 162—63
"Educational Opportunity Bank,"
184—85
Educators, professional, 150, 153,
154, 155, 156, 157, 159—60,
166, 170, 176, 188
opposition to change from, 170,
171—75
unions of, 232—33
Egypt, 57
Employment Act of 1946, 94
Energy
government controls over, 14, 17,
67—68, 194, 218—22, 296
OPEC and (see OPEC)
Engels, Friedrich, 99
Environment, 194, 205, 213—18,
220, 221, 296
Environmental Protection Agency,
194, 213, 244, 292
Equality, 128—49
capitalism and, 146—48
consequences of egalitarian poli-
cies, 143—46
forced, 142, 148
before God, 128, 129—31
liberty vs., 128, 131, 132, 134—
35, 140, 148
of
opportunity,
128,
131—34,
146, 154, 158, 167, 181—83,
188
of outcome, 128, 134—43, 167—
68
Erhard, Ludwig, 56, 252
Escalator clauses, 277—78
"Fairness" and equality of outcome,
134—37
Family Assistance Plan, 124
Featherbedding, 235
Federal Deposit Insurance Corpo-
ration (FDIC), 76
Federal Institute of Education, 171
Federal Office of Economic Oppor-
tunity, 171
Federal Railroad Administration,
190
Federal Register, 190, 191
Federal Reserve Act, 72, 75, 85
Federal
Reserve
Bank of New
York, 78, 79, 81, 83, 84,
85—86, 87, 88
Federal Reserve Bank of Philadel-
phia, 86
Federal Reserve Board, 75, 78, 79,
86
Annual Report of, 1933, 85
increased power of, 88—89
Federal Reserve System, 71—90
bank failures of 1930s and, 76,
80—84
early years of, 76—79
failure of, as cause of Great De-
pression, 5, 79—90
inflation and, 264, 265, 266—67,
269
onset of depression and, 79—80
operation of, 75—76
origins of, 71—76
Federal Trade Commission, 112,
225, 239—40

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Index
331
FEVER (Friends of Education
Voucher
Experiment
in
Representative Regions), 173
Fiji Islands, 60
Florida, 182
Food and Drug Act of 1906, 203,
204
Food and Drug Administration,
194, 203—10, 223, 226, 227
Food, Drug, and Cosmetic Act of
1938, 204, 205
1962 amendments to, 205, 210
Food stamps, 96, 108
Ford, Gerald R., 124, 219
Ford, Henry, 138, 139
Ford Foundation, 139
Ford Motor Company, 224
Foreign exchange rates, 47—48, 62,
87, 88. See also Dollar
France, 88, 95, 154, 283
Freedom. See Economic, freedom;
Political freedom
Freeman, A. Myrick, III, 217—18
Gammon, Dr. Max, 114, 155
Gee, Dennis, 173—74
General Motors, 156, 189, 192
Germany, 52, 70, 93, 94, 97, 252,
253. See also East Germany;
West Germany
inflation in, 262, 263, 273
GI bills, 161, 164, 185
Glass, Carter, 72
Gold, 253, 255
Gold standard, 76, 77, 83, 86—88,
264, 307, 308
Goldwater, Barry, 102
Government control.
See United
States, government control
in;
Voluntary
exchange,
government's role in
Grant & Co., W. T., 156—57
Great Britain, 5, 43, 58—59, 60,