Freeman

December 1988

Volume 38, 1988

FEATURES

Ebenezer Scrooge and the Free Society

DECEMBER 24, 2009 by HOWARD BAETJER JR.

Behaving in a self-interested manner does not mean disregarding others. On the contrary, because we are social beings who depend on, and often care deeply about many others around us, a sound attention to our self-interest must include a great deal of concern for others.

Origins of the German Economic Miracle

DECEMBER 01, 1988 by ROBERT A. PETERSON

This year marks the 40th anniversary of Ludwig Erhard's sweeping free market reforms which gave economic freedom to over 80 million Germans and began West Germany's 30-year post-war economic miracle.At the end of World War II, Germany was in a shambles. Fire bombs—more destructive than the atomic bombs that were dropped on Hiroshima and Nagasaki—had completely destroyed Dresden.

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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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