William L. Baker

Related Freeman Articles

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Marx and the Manifesto

NOVEMBER 01, 1979 by WILLIAM L. BAKER

A scholarly inspection of the shaky platform of Marxist economic theory.

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Native Pottery Only

DECEMBER 01, 1978 by WILLIAM L. BAKER

A study of the harmful effects of "protectionism," as applied during the Civil Waror today.

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Inflation and Stabilization: The Elusive Promise

AUGUST 01, 1977 by WILLIAM L. BAKER

Whether government intervenes to inflate or to stabilize the money supply, the effect is to frustrate producers and consumers.

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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