Lawrence H. White

lwhite@umsl.edu

Related Freeman Articles

Article

The Financial Bailouts: “See the Needle and the Damage Done”

Paulson’s and Bernanke’s bailouts did lasting harm.

FEBRUARY 27, 2009 by LAWRENCE H. WHITE

It Just Ain't So

The Subprime Crisis Shows that Government Intervenes Too Little in Financial Markets?

Banking Systems with Few Legal Restrictions Have a Greater History of Stability

OCTOBER 01, 2008 by LAWRENCE H. WHITE

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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