Freeman

December 2009

Volume 59, 2009

FEATURES

From 1944 to Nineteen Eighty-Four

A tale of two books.

DECEMBER 16, 2011 by SHELDON RICHMAN

I'm inclined to think of George Orwell and F. A. Hayek at the same time. Both showed great courage in writing the truth, undaunted by the consequences awaiting them. Both valued freedom, though they understood it differently.

Financial Crises and the Federal Reserve's Punch Bowl

NOVEMBER 18, 2009 by CHIDEM KURDAS

The financial crisis was caused by the Fed's perverse incentives. More government won't prevent future crises.

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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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