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Sweden, The Middle Way (Childs),
100
Switzerland, 254
Taiwan, 40, 50, 57, 147
Tariffs, 38, 39–54, 62, 134, 304–5.
See also Trade
arguments used to support, 41—
50
Tax(es), 65, 67, 140, 141, 143,
222, 234, 247, 294, 298
constitutional amendments to
li mit, 301–4
government spending and, 264,
265, 266, 267, 268
in Great Britain, 144, 289
income, graduated, 143, 306
income,
negative, 97,
120–23,
124, 125–26
inflation and, 269, 278—79, 283—
84, 294
replacing Sixteenth Amendment
and, 306–7
to support higher education,
175–83, 188
to support public schools, 151,
153, 158, 160–61, 164, 171
in Sweden, 289–90
in welfare state, 100, 101, 109,
117, 288
Social Security, 102, 103–7,
123, 127
Teachers. See Educators
Teamsters' Union, 242
Teller, Edward, 191
Textile industry, 63–64
Thatcher, Margaret, 101, 283
Theory of Bureaucratic Displace-
ment, 114, 155–56
Thomas, Norman, 286, 287
Tito, Marshal, 56, 57
Tobacco, 291
used as money, 250—52, 255
Tocqueville, Alexis de, 130—31, 133
lndex
337
Trade, 38-54
domestic, 38
free, 304-5
economic case for, 40-51
over energy,
14,
17,
67-68,
194, 218-22, 296
intentions of founding fathers,
129-30, 131, 286
international,
and
internal
over prices, 68, 94, 219-20,
competition, 53-54, 225-26
279-80, 305
political case for, 51-53
unilateral move toward, 50-51
reaction against, 283-84, 288-
89, 298-309
international, 38-54,
134, 225 -
regulatory activities, 95, 189-
26, 293, 294, 297, 304-5
227, 243, 288, 291-92
Trade unions, 19-20, 40, 69, 144,
tariffs (see Tariffs)
293, 294
over wages,
19, 68, 93, 94,
Transportation industry,
193-203,
236-38, 245, 279-80, 292,
224-26,
297-98.
See also
305
kinds of transportation
over welfare (see Welfare and
Trucking
industry,
197-99,
202,
welfare state)
297-98
Great Depression in (see Great
Turner, Graham, 289
Depression)
inflation in, 251, 254, 255, 256-
Unemployment, 89, 90, 94,
100,
67, 273, 275-76, 282
101, 266
insurance, 93, 96, 100, 102, 108
as side effect of inflation cure,
273, 277, 281, 282
teenage, 237-38, 245
Unions. See Labor unions; Trade
unions
United Mine Workers, 241
United States, 1-3, 5-7, 101, 102,
255
agriculture in, 3-4, 36, 293
balance of payments of, 43-44
bureaucracy in (see Bureaucracy)
equality in (see Equality)
Federal
Reserve
System
(see
Federal Reserve System)
government control in, 5-6, 17,
39, 64-69, 286
after 1932, 5, 70-71, 92-127,
284
constitutional amendments to
limit, 301-9
over
distribution
of income
(see Equality; Welfare and
welfare state)
over education (see Education)
government revenues from,
269-70
national debt and, 269-70
reasons for excessive monetary
growth, 264-67, 282
monetary policy in (see Money;
Monetary policy)
money in colonial, 250-52
in nineteenth century, 1-4, 35-
37, 39, 133, 138-40
U.S. Congress, 83, 97, 124, 125,
219, 278, 292, 294, 295,
302-3, 308
U.S. Post Office, 288, 294, 297
U.S. Savings Bonds, 269, 279
Universities. See Colleges and uni-
versities
University of California, 182, 186
University of California at Berke-
ley, 176, 178, 180
University of California at Los An-
geles, 176, 177
University of Michigan, 176, 178
University of Rochester, Center for
the Study of Drug Develop-
ment, 206
338
lndex
University of Virginia, 129, 130
University of Wisconsin, 176, 178
Unsafe at Any Speed ( Nader), 205
Urban renewal programs, 96, 111
12
USSR, 3, 53, 135, 148, 253
agriculture in, 10
centrally planned economy of,
8—10, 56, 146
class divisions in, 146—47
labor market in, 10
voluntary market in, 10, 24
Vanderbilt, William H., 36
Virginia, 250—52
Virginia Declaration of Rights, 4
Voluntary exchange, 8, 10—37, 97
compared with central economic
planning, 54—64
equality and, 140, 146—48
freedom and (see Political free-
dom,
economic
freedom
and)
government's role in, 27—37
administration of justice, 29—
30
erecting and maintaining pub-
lic works and institutions,
29, 30—32
examples of limited, 33—37
to prevent coercion, 28, 29
to protect "irresponsible," 32
33
higher education and, 177—78,
187
price system and, 13—24
regulatory activity and, 95, 189—
227
Voucher plan for school system,
158—75, 188
"add-ons," 167—68
church-state issue and, 163–64
cost of, 164–65
economic class issue, 166–69
fraud prevention, 165
for higher education, 185—88
i mpact of, on public schools,
170—71
new schools and, doubt about,
169—70
obstacles to, 171—75
racial issue and, 165—66
Wages, 229
cost-of-living adjustments to, 277
government controls over, 19, 68,
93, 94, 236—38, 245, 279—
80, 281, 292, 305
labor unions and, 232—38, 247
minimum wage law, 237—38,
245, 292
-price spiral, 274—75
Wagner, Robert, 101
Wallis, W. Allen, 95—96
Wall Street Journal, 16, 112, 221,
244, 289—90, 298
Walton, Maurice, 174
Wardell, Dr. William, 206—7
Watts (Los Angeles), 110
Wealth of Nations (Smith), 1, 13,
35, 38, 189
Welfare and welfare state, 93, 95,
96, 126—27
alternatives to, 97, 119—26
emergence of modern, 97—100
fallacy of, 115—19
results of, 100—115, 245—46
West, E. G., 153, 154, 171
West Germany, 55, 56
Wimmer, Herschel, 199
Women's Christian Temperance
Union, 203
Works Progress Administration
( WPA), 94
World War II, 94, 252
Yen, dollar and, 40, 41—43, 44, 47,
48
Your Social Security ( HEW), 103,
104
Yugoslavia,
3, 56, 57, 148, 254
Zacharias, Jerrold R., 184—85
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