James Grant

Related Freeman Articles

Book Review

Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken

Money of the Mind provides an engaging look at how government monetary policies have infiltrated and corrupted the market process.

DECEMBER 01, 1992 by JAMES PICERNO

Money of the Mind provides an engaging look at how government monetary policies have infiltrated and corrupted the market process.

CURRENT ISSUE

December 2014

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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